High vehicle demand delivered strong showings across nearly all vehicle segments in the past week, according to Black Book’s April 17 Market Insights report.
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Cox Automotive has named Jonathan Smoke as its new chief economist, according to a company announcement. In his new role, the company added, Smoke will be responsible for leading the creating of an economic industry insights office.
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The updated version allows users to upload their licenses onto the application. Additionally, a new Lot Scan feature will allow users to scan bar codes at Copart locations in order to attain details about vehicles they’re interested in.
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Volkswagen has bought back or repaired more than half of the 475,000 vehicles with 2.0-liter diesel engines that failed to meet emissions standards as part of a federal settlement about six months after it began the program.
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Avis Budget Group Inc. plans to report its first quarter 2017 results after market close on Wednesday May 3.
Read More →TradeRev has eliminated monthly subscription fees for U.S. car dealers, which will allow users to participate in as many one-hour vehicle auctions as they’d like, and only pay fees for completed transactions, the auction portal announced.
Read More →Kelley Blue Book has expanded its services to the Portugal automotive market and has launched a new website to support the expansion.
Read More →Copart, Inc. has opened its sixth location in Brazil, according to a company announcement. Its sixth location will be located in Betim, Minas Gerais and will offer a wide selection of salvage and used vehicles, the company noted.
Read More →Insurance Auto Auctions, Inc. has launched IAA Fast Search, a salvage vehicle search tool that will be available as a desktop and mobile tool.
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Depreciation remains at some of the lowest levels seen all year, driven in part by the strength of entry level cars, according to Black Book’s April 10 Market Insights report.
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