Tom Caruso, executive vice president at KAR Auction Services received the 2018 Remarketer of the Year Award at the 2018 Conference of Automotive Remarketing. Jeannie Chiaromonte, VP, national remarketing manager at Bank of America received the 2018 Consignor of the Year Award.
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Linda Silverstein accepted the International Automotive Remarketers Alliance's (IARA) Circle of Excellence award at a luncheon preceding the opening of the 2018 Conference of Automotive Remarketing (CAR).
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Jim Hallett, CEO and Chairman for KAR Auction Services, accepted the Ed Bobit Industry Icon award at a March 6 ceremony at the Conference of Automotive Remarketing (CAR) for his contribution to the industry.
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Weekly depreciation reached the lowest point seen all year this past week as smaller, lower-priced, vehicles continue to keep wholesale values strong.
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U.S. Bank has partnered with AutoGravity to create a new platform that allows consumers to shop for a new car and receive pre-approval for a loan directly on the bank’s website, according to a company announcement.
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The 2018 Conference of Automotive Remarketing (CAR) will be comprised of myriad keynote presentations and industry meetings that touch on pressing topics in vehicle remarketing, including a town hall discussion on how data privacy and cyber security threats are impacting the industry.
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Customers in Hartford, Conn.; Bridgeport, Conn.; New Haven, Conn.; and Springfield, Mass. will now have access to next-day delivery from Carvana.
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The Volkswagen Group, General Motors, and Toyota Motor Company are three of the OEMs that experienced the highest rise in average transaction price. Respectively, the three OEMs saw average transaction prices rise 7.1%, 3.5%, and 3.4%.
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Key components of that strategy will include expanding educational offerings for AutoIMS clients to share client and auction best practices; evolving and expanding the company’s Technology 2020 plan; and launching a new Client Experience initiative, according to the company.
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KAR Auction Services, Inc. will spin off its Insurance Auto Auctions (IAA) salvage auction business unit as a publicly traded company to give its leaders greater independence, according to a company announcement.
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