KAR Auction Services will invest between $20 million and $25 million over the next three years to redesign and enhance its online sales platform in a project known as New Wave.
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TPC Management Company has made two executive appointments, promoting Penny Wanna to the post of president of Auction Academy, and Jiles Wanna as vice president client services of TPC.
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J.D. Power has named Doug Betts as senior vice president of global automotive operations, according to a company announcement.
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The truck segment outperformed cars and luxury car depreciation rates remained high last week, according to Black Book’s Feb. 20 Market Insights report.
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Subaru Canada, Inc. has won its first-ever Best Retained Value “Overall Brand Award in the Car Category from Canadian Black Book (CBB), according to an announcement from the company.
Read More →Manheim Detroit will be holding, what the company is calling, one of the largest truck-only sales on Feb. 23 at 9:30 a.m.
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After 39 years with General Motors — 31 of which were spent with the OEM’s remarketing organization — Manager of GM Remarketing Dan Kennedy has announced his intent to retire from the company.
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CarMax has opened a store in Murrieta, Calif., that will include a four-lane auction and serve as the West Coast reconditioning hub for the nation's largest retailer of used cars.
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Avis Budget Group Inc. has reported revenue of $8.7 billion for full-year 2016, an increase of 2% compared to 2015. For its fourth quarter 2016, Avis earned revenue of $1.9 billion, a 1% drop year-over-year.
Read More →Primeritus Financial Services, Inc., a provider of recovery management, skip tracing, and remarketing services to the U.S. auto finance industry, has acquired Global Investigative Services, LLC (GIS), according to a company announcement.
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