Insurance Auto Auctions, Inc. is adding a combined 49 acres to its Savannah and Tifton, Ga. facilities, according to a company announcement.
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As the market approaches the tail end of the spring season, wholesale values for both cars and trucks are on the decline, according to Black Book’s May 22 Market Insights Report.
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Andy White beat out a field of 15 finalists in the final round of the 2017 World Automobile Auctioneers Championship, claiming the title of 2017 Automobile Auctioneer World Champion and taking home $12,500 in prize money, according to a Manheim announcement.
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Average wholesale prices increased in April from March and from a year ago on the strength of truck values, but several benchmark segments in fleet lease sales are showing weakness, said Tom Kontos in his monthly commentary.
Read More →The tool, the company stated, allows automotive industry professionals, lenders, OEMs, and dealers to value their entire portfolio through a secure, on-demand, self-service platform.
Read More →Impact Auto Auctions Ltd., a business unit of KAR Auction Services, has launched its Impact AuctionNow mobile app, which enables buyers to access thousands of vehicles every week and place bids both live and online, according to a company announcement.
Read More →KAR Auction Services' subsidiary CarsArrive has acquired the vehicle transportation business of Dependable Auto Shippers to enhance its used vehicle hauling business, the company has announced.
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Average wholesale values continued their downward trend last week, as the spring market comes to an end, according to Black Book’s May 15 Market Insights report.
Read More →GM Financial reported $202 million in net income in the first quarter of 2017, a 23% increase over the same time last year, despite pressure on used-car values, the company has announced.
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Used vehicles increased 0.4% in value in April, as buyers boosted the value of smaller cars, which have begun to shrug off several years of heavier declines, according to Black Book.
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