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Texas Lone Star Auto Auction, an XLerate Group auction, has completed construction of a new 20,000 square foot reconditioning facility.
KAR Auction Services has joined the Mobility Open Blockchain Initiative (MOBI) Electric Vehicle Grid Integration (EVGI) working group, a consortium of smart mobility industry leaders exploring blockchain technology for use in the digital mobility ecosystem.
ADESA has made it easier and faster to find vehicles on its website through its new natural language search functionality, the company announced.
With the exception of luxury vehicles, most vehicle segments saw stable values last week.
Originations for car buyers and lessees with sub-620 credit scores grew 13% to $27.9 billion, accounting for 21.8% of total outstanding auto balances in the Fed's latest Household Debt and Credit report.
ADESA named the general manager of ADESA Mobile Auctions and the national manager of ADESA UVA.
Used vehicles from fleet consignors in ADESA sales increased 4.3% to $13,771 in April compared to March, and were up 4.4% from a year ago, according to monthly commentary from Tom Kontos.
Recovery Database Network (RDN) has launched On-Hook Status, a real-time repossession status tracker.
Overall wholesale values remained stable last week, however, luxury values continued to decline last week.
Hyundai topped Autotrader's list of 10 best non-luxury CPO programs for 2019.