After a few weeks of rising depreciation, truck and car depreciation appear to be stabilize, according to Black Book’s Jan. 29 Market Insights report.
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In 2017, 40% of vehicles sold at Manheim were purchased through a digital screen versus in-lane, reported Manheim in a recent announcement. This meant that through 2017, 2 million vehicles at Manheim auctions were purchased through a digital transaction.
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Following the record consignor attendance that last year’s Conference of Automotive Remarketing (CAR) garnered, the International Automotive Remarketers Alliance (IARA) will be holding a consignor-only group discussion on the first day of the 2018 CAR.
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KAR Auction Services has named John Hammer as president of ADESA following a resignation of Stéphane St-Hilaire, who served as CEO and president of ADESA since 2014.
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Jose Delgado has been promoted to senior vice president, sales and business development; Jessie Herdrich has been promoted to vice president, compliance and operations; and John Sibbitt has been promoted to vice president of operations.
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Edmunds forecasts that 1,121,932 vehicles will be sold in the U.S. through January, marking a 1.4% year-over-year decline, and representing a seasonally adjusted annual rate (SAAR) of 16.7 million.
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Motorlease Corp. has promoted Jeffrey Perkins to the position of vice president of operations, where he will focus on strategic planning and analysis; relationship management; and process development and implementation.
Read More →The IARA Standards Committee is currently discussing the importance of the new safety standards that the National Auto Auction Association is working on and how it correlates with the IARA.
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General Manager of Badger State Auction Tom Francois will be stepping up to the position of IARA Membership Committee chair, joining Kim Hunt, who serves as the committee’s current co-chair and as director, client program management at Cox Automotive.
Read More →IARA’s keynote address, which will be delivered by ARI’s COO Bob White, will be kicking off the first day of the Conference of Automotive Remarketing (CAR) at Caesars Palace Las Vegas on March 6.
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