News
Copart Expands Georgia Auction
The Copart Macon location in Georgia hosts weekly car auctions on Thursdays at 10 a.m. Eastern Time.
The Copart Macon location in Georgia hosts weekly car auctions on Thursdays at 10 a.m. Eastern Time.
Wholesale used vehicle prices increased 0.07% month over month in November, bringing the Manheim Used Vehicle Value Index to 162 a 16.6% increase from a year ago.
Manheim announced it now enables dealers to run concierge-inspected vehicles located on the dealer lot in a live, auctioneer-led Simulcast sale via the Manheim Express Concierge service.
In recognition of Manheim’s 75th anniversary, the company is recognizing the careers of several distinguished company leaders who are retiring or retired in 2020.
Volume-weighted, overall car and truck segments both experienced continued softening in values, decreasing by 0.38%. However, these overall values are slightly higher than seasonal norms of the last three years, which averaged around -0.75% between 2017 - 2019.
Dyer Auto Auction has announced the opening of a new Greenfield, Indiana, site in conjunction with a transition in family ownership.
Volume-weighted, overall car and truck segments both experienced continued softening in values, but rate of decline slowed with the overall market decreasing by 0.52% this past week.
The new Lumberton location consists of 89 acres. Eligible buyers can register and join auctions to bid on inventory through the Copart website or via the Copart Mobile App for iOS and Android devices.
McConkey Auction Group (MAG) has acquired ABS Auto Auctions, which remarkets over 40,000 vehicles annually, expanding the auction group’s U.S. footprint.
KAR Auction Services has acquired BacklotCars, expanding the auction company’s digital transformation strategy with the new digital dealer-to-dealer platform.
BSC America has named Ben Winkler as the new general manager for its Tallahassee Auto Auction operation in Tallahassee, Fla.
Wholesale used vehicle prices increased 0.47% month-over-month in October, bringing the mid-month Manheim Used Vehicle Value Index to 161.9, a 15.4% increase from October 2019.
KAR Auction Services has amplified its “recommendations carousel” on ADESA.com to include dealer trade-ins from TradeRev
The restart of physical auction sales will look different for each location and comes with limitations intended to protect the health and safety of team members and clients.
XLerate Group Auctions’ Charleston Auto Auction in South Carolina has hired Andy Shaffer as specialty sales/fleet lease remarketer, who brings an extensive amount of knowledge in the specialty and auto remarketing industry.