KAR Auction Services has named Tim Massingale as vice president of the enterprise optimization team.
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The National Auto Auction Association (NAAA) has recognized four auctions for their excellence in community service, and presented $5,000 for each to donate to a charity of their choice.
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United Road Services has named Mark Anderson at the company’s next president. He will be taking over for Kathleen McCann, who will now serve as the company’s Chairman.
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Sub-compact cars faced the heaviest depreciation between the months of May and August, declining 7.4%. This was followed by compact vans, and Luxury Cars, which depreciated by 6.6% and 6.1%, respectively.
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ADESA has named Steve Swanson general manager in Colorado Springs, Colo., Rich Levene general manager in Austin, Texas, and Cindy Kuhn as regional online manager.
Read More →Manheim is supporting National Auto Auction Week via social media to increase awareness of the industry’s contributions to the national economy and local communities.
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Manheim has named Denis Nazarenkov gm of Manheim San Diego, and he will focus on enhancing the client experience.
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The average wholesale used price in July was $10,362, a 2% decline from June but a 4.9% increase from year-ago period, according to ADESA Analytical Services.
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Used vehicles from the 2011 to 2015 model years depreciated 1.5% in July, a slight improvement over June's 1.7% depreciation rate, reports Black Book.
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Car segments showed some of the heaviest depreciation of the year entering August with an overall depreciation of 0.62% last week, while values of compact van and sub-compact SUVs of the truck segment declined the most by 1.36% and 1.12% respectively.
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