Integrated Auction Solutions, LLC (IAS) has acquired the assets of AWG Simulcast and AuctionMaster Technology.
Read More →Insurance Auto Auctions, Inc. (IAA) has launched IAA Express Notary, which allows for the electronic assignment of title documents and significantly shortens the cycle time for total loss settlements.
Read More →KAR Auction Services, Inc. has received the CIO 100 Award for driving business value through IT innovation. Gary Watkins, CIO of IT Shared Services for KAR Auction Services, made the announcement.
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This week’s Black Book Market Insights report offers up data that shows how car segment depreciation has consistently picked up since January.
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A 2015 Chrysler 300 was auctioned off for $27,000 at the NIADA Convention and Expo on Thursday for charitable purposes.
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Automotive Finance Corporation (AFC), a business unit of KAR Auction Services, Inc., has named Jim Money as its president. He most recently served as CFO of AFC and will assume his new role effective June, 25.
Read More →Cox Automotive and the National Independent Automobile Dealers Association (NIADA) presented the sixth annual NIADA and Cox Automotive Community Service Award to Fairly Reliable Bob’s, Inc. (Boise, Idaho) during the 70th NIADA Convention & Expo in Las Vegas this week.
Read More →May depreciation accelerated as wholesale prices of used vehicles newer than eight years old fell by 2% when compared to April, but the numbers showed improvement over the 2.7% average decline captured in the month of May the last four years.
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In May, average wholesale values fell relative to April, though they remain up on a year-over-year basis largely because of the price strength of trucks, according to ADESA.
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Smaller cars, including sub-compact cars and compact cars, are two of the three vehicle segments displaying the greatest single-month drop in value, according to the recent Black Book Market Insights report.
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