Alliance Inspection Management has named Michael Connolly as its vice president of auction operations and promoted Jeff Gaetz to vice president of business development, a newly created position with an initial focus on auction and related business.
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Jim Hallett, chairman and CEO of KAR Auction Services, Inc., gave a keynote address at the Fleet Europe Remarketing Forum in Barcelona about his views on the future of automotive remarketing based on over 40 years of industry experience and lessons learned as the leader of KAR Auction Services.
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Depreciation for used cars and trucks saw a slight uptick during the week of Nov. 11, which may have been the result of Thanksgiving shopping activity. Sub-compact crossovers had the highest wholesale values for both car and truck segments by staying flat.
Read More →New vehicle sales are on pace to top last year's sales. However, car buyers are rolling over negative equity from their trade-ins in record numbers, according to Edmunds.com.
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MetroGistics has promoted Craig Clayton to vice president of information technology, the vehicle logistics provider has announced.
Read More →NextGear Capital honored four independent auctions during its fourth annual Auction Partners Awards ceremony for their services toward growing and supporting the overall industry and their communities.
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Today, the NADA Used Car Guide issued a report that examines retention performance for 33 all-new or redesigned mainstream and luxury models. Leading the list were the 2016 Toyota Tacoma, Honda Pilot and new Volvo XC90.
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Manheim’s Mobile Auction program has generated the highest sale rates among Manheim channels, including, in-lane, mobile, and online auctions. Manheim clients are now averaging 70% sale rates using the platform, which utilizes a fleet of mobile trucks, buses and “auction in a box” portable technology units, according to Manheim.
Read More →Several Manheim Auctions were honored during the 18th annual Chase Cup for Auction Excellence Awards by Chase Auto Finance for their performance in several different categories related to vehicle remarketing.
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Vehicle segments across the board have seen an overall increase in depreciation, with the exception of compact vans which were flat for the week of Nov. 11 after having seen the lowest mark overall the week prior with a drop of 2.18%.
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