KAR Auction Services has extended up to $15 million in credit to Toronto-based Nth Gen Software to expand TradeRev, an online dealer-to-dealer auction portal, the company announced March 16.
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The Auction Academy is expanding its training to include commercial and government fleet managers, commercial account representatives, and dealers for the first time in its five years of existence, the continuing education organization has announced.
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Central Auto Auction of Hamden, Conn. will open a new vehicle evaluation center, service department that specializes in tires, and a fourth lane in 2017, the auction announced.
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Luxury vehicles, which experienced the biggest depreciation change among both light car and truck segments last week, continued to struggle last week, according to Black Book’s March 13 Market Insights.
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Delray Beach, Fla.-based FLD, Inc. has added an inspection template for industrial lift trucks to its OnceOVR Pro mobile app for completing vehicle condition reports, the remarketing services provider has announced.
Read More →Car lease credit applicants registered a 72.2% approval rate in February, a 33.3% increase from January’s 50% approval rate but flat with a year ago, according to Swapalease.com.
Read More →Black Book will begin offering the monthly Used Vehicle Retention Index to measure the strength of used wholesale market values, the company has announced.
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The Mitsubishi Mirage topped a list of the most affordable cars for retail leasing under a methodology that relies heavily on depreciation as a driver of total leasing costs.
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ACV Auctions, a mobile auctioning platform, has secured $15 million in venture funding, according to a company announcement. The company will use this new round of funding to expand its business into new territories.
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The XLerate Group has acquired Corry Auto Dealers Exchange (CADE) from Merle Swift, which marks the group's entry into the Pennsylvania auction market, the company has announced. Terms were not disclosed.
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