The International Automotive Remarketers Alliance (IARA) will be hosting its second virtual conference on March 18, 2021, providing a digital platform that will grant attendees access to educational sessions, a virtual exposition and networking opportunities.
Wholesale used vehicle prices jumped 3.79% month-over-month in February, led by a major increase near the month's end.
KAR Auction Services has announced that Peter Kelly will assume the role of CEO of the company effective April 1, 2021.
ACV Auctions has filed with the Securities and Exchange Commission (SEC) to raise up to $100 million for an initial public offering.
VW Credit, Inc. (VCI) has launched two new websites on Manheim’s digital upstream remarketing platform as a way to offer unsold pre-owned vehicles to Manheim’s base of franchise and independent buyers.
ADESA has launched a new vehicle return guarantee service in Canada for available ADESA and TradeRev dealers utilizing its wholesale digital marketplace.
Wholesale values continued their ascent in the final weeks of February, with nearly all reporting segments experiencing gains.
With the completion of this rollout, Enterprise’s customers now have the flexibility to complete their used car purchase either by starting their purchase from the comfort of home (with delivery, where available) or completing their purchase at any of Enterprise Car Sales’ 147 U.S. locations.
The latest trends in the key indicators suggest used vehicle values are likely to continue to see appreciation in the days and weeks ahead.
Ron Breslow, long-time COO for FLD Remarketing, has retired after spending more than four decades with the company that he helped build.
Wholesale prices continued to gain strength for the first week of February in what Black Book Market Insights said is starting to look like the beginning to an early start to the Spring market.
Dealers Auto Auction of Memphis will be moving to their new auction facility in February 2021, which sits on more than 100 acres operating six selling lanes with full reconditioning and mechanical services.
The awards the auction received include C&F Finance Company’s Auction of the Year, C&F Finance Company’s Highest Retention Rate, and C&F Remarketing’s Auction of the Year for 2020.
The dashboard will include insights from Manheim.com, Simulcast, OVE, and Manheim Private Stores, giving vAuto Provision clients instant access to data insights that would previously require a full appraisal of the VIN to inform their interest and actions.
Manheim has announced a new VP and general manager for its third-largest auction location; a general manager for its newly-created Mid-Atlantic Market Center, and the promotion of three leaders into auction manager positions in Florida and New York.