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Auctionsby StaffApril 23, 2018

Consignors Present Awards to 7 ServNet Auctions in First Quarter 2018

Consignors throughout the country have presented accolades to a number of ServNet auctions through the first four months of the year, according to a ServNet release.

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Operationsby StaffApril 23, 2018

Subaru Offers VIN Lookup Tool

Subaru has begun offering an online tool that allows fleets to search for open recalls using the vehicle identification number through the Carfax used vehicle platform. The service is offered at no cost.

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Technologyby StaffApril 20, 2018

BMW Adds Upstream Remarketing Platform for China

RMS Automotive has launched the first phase of a remarketing platform intended to drive sales for BMW China and its more than 400 CPO-program-authorized dealerships, the company announced.

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Technologyby StaffApril 18, 2018

Carvana Acquires Augmented Reality Firm

Online used vehicle retailer Carvana has acquired Car360, a 360-degree photo technology, 3D computer vision, and augmented reality company, the company announced.

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Used Vehicle Valuesby StaffApril 18, 2018

Used Cars Outperforming Trucks at Auction

Used cars of all sizes outperformed trucks, vans, and larger SUVs at wholesale auctions in March, Black Book is reporting.

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Banks and Credit Unionsby StaffApril 17, 2018

Lease Approval Rates Rise 2% in March

Lease approval rates registered 67.3% for Swapalease.com in March, which were 2% higher than the month before and signify a possible upswing in approval rates, according to the company.

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Operationsby StaffApril 17, 2018

Kia's Certified Pre-Owned Sales Reach Record High

The company sold 7,698 CPO vehicles through the month, representing a 2.5% year-over-year increase. One of the strongest performing vehicles for Kia was its Forte sedan, which experienced a 20.2% rise in sales.

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Used Vehicle Valuesby StaffApril 17, 2018

Small Cars Values Continue to Rise for Fourth Week

Overall car segment value increased 0.15% last week, compared to a rise of 0.24% the week before. The main contributing segments to this rise were subcompact cars, compact cars, mid-size cars, and sporty cars. Respectively, these segments saw their values rise by 0.25%, 0.34%, 0.60%, and 0.30%.

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Auctionsby StaffApril 16, 2018

Manheim Hosts Toyota Auction Aboard USS Midway

The sale was a joint effort between Manheim San Diego and Toyota / Lexus Financial Services titled the “Heroes of History” Event Sale. The sale was held on March 27 and offered 175 pre-owned, late model Toyota and Lexus vehicles for sale.

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Technologyby StaffApril 13, 2018

Carvana Expands to New England

Customers in Boston; Worcester, Mass.; Manchester, N.H.; and Providence, R.I. will now have the ability to have the used vehicles available through Carvana delivered to them as soon as the next day for free.

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