Carvana has expanded its presence in California with the addition of Bakersfield, Calif. to the list of cities it offers next-day delivery to, marking the company’s 40th market since its inception.
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New vehicle sales are expected to reach 1.36 million units in November, a 1% drop from the year before, and an estimated 17.1 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book.
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AutoServ has begun offering its revamped logistics management tool that was developed to help charities manage donations of used vehicles to a broader audience, the company announced.
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LeasePlan USA has hired Phil Schappert as director remarketing to oversee vehicles through a variety of channels, the Alpharetta, Ga.-based fleet management company announced.
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Both car and truck wholesale values continued to fall last week, according to Black Book’s Nov. 20 Market Insights report.
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The National Auto Auction Association (NAAA) has named Warren Clauss as president for the 2017-2018 term. Clauss assumed the post during the association's 69th annual convention in La Quinta, Calif. earlier this month.
Read More →Lease credit approval ratings came in at 55.6% in October, an improvement over the 47.6% approval rating registered the month before, according to data from Swapalease.com.
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The five independent auctions that will be joining include Big Valley Auto Auction, Corpus Christi Auto Auction, Greater Milwaukee Auto Auction, Houston Auto Auction, and San Antonio Auto Auction.
Read More →Wells Fargo Dealer Services agreed to repay another $5.4 million to about 450 service members whose vehicles were repossessed by the bank in violation of the Servicemembers Civil Relief Act, the U.S. Department of Justice announced this week.
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Wholesale prices for fleet lease consignor vehicles fell 1.6% in October from the prior month and 4.5% higher than a year ago, Tom Kontos said in his monthly commentary.
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