Used vehicles from one to five years old fell 1.4% in value in October in a steady used-vehicle market that showed significant improvement from a year ago with large pickups leading the way, reports Black Book.
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This year, the 23rd annual conference will be hosted at Caesar’s Palace in Las Vegas from March 6 to 7, following meetings of the International Automotive Remarketers Alliance and National Auto Auction Association meetings on March 5.
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For the third quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.6 billion, a 1% increase year-over-year. CEO Kathryn Marinello is encouraged by Hertz’s process but admits the company still has a lot of work ahead.
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Auto transport company MetroGistics raised $24,148 at its annual Monster Mash Halloween Party that will be evenly distributed to Helping Strays – The Humane Society of Monroe County, Illinois, and the Humane Society of St. Clair County SNAP (Spay, Neuter, Adopt and Protect) in China, Michigan.
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ServNet has appointed Eric Autenrieth as president for a two-year term to replace Kevin Brown, who will move into the role of chairman of the board, the company announced.
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Manheim has launched a new digital dealer sales channel on its OVE platform that will allow dealers to host digital event sales using inventory on their lots without having to move the vehicles to an auction location, the Cox Automotive company announced.
Read More →Remarketing software provider Liquid Motors will begin integrating vehicle condition reports and inspections into its products under a new partnership with WeGoLook, the company announced.
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Wholesale used vehicle prices rose for the sixth month in a row in October, increasing by 1.02%, according to Manheim’s October Used Vehicle Value Index. This brought the index to 136.3, an 8.1% rise from a year ago.
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Both cars and trucks saw a noticeable rise in depreciation last week, according to Black Book’s Nov. 6 Market Insights report.
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Manheim has appointed general managers for its Atlanta and Fort Myers auctions that will focus on strategic growth and enhancing the client experience, the Cox Automotive company announced.
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