The average residual value of a three-year-old vehicle — the most commonly remarketed fleet vehicle — will fall 8% by 2019 as a result of an increase in the supply of used vehicles, according to a Black Book forecast.
Read More →Donlen, a provider of financing and management solutions for the fleet industry, announced the recipients of their annual Top Auction Awards.
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In commemoration of IARA’s 15th anniversary, Bobit Business Media will be producing a print and digital commemorative magazine that will debut at the roundtable from Aug., 9 -11.
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The National Association of Motor Auctions (NAMA), a U.K.-based auction industry trade body, said that fleets could benefit in both conversions and values through the de-fleet process by providing the extra vehicle information that helps dealers comply with tighter consumer protection regulation.
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Exotic and high-end luxury cars that sell for more than $75,000 in some cases have been giving buyers significant bargains when they sell at auction, according to recent data from Black Book.
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Charleston Auto Auction, an XLerate Group Auction, is partnering with dealers to raise funds for the Stall High School H.O.M.E. project.
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Manheim has promoted three leaders to general manager positions as part of its continuing efforts to develop talent and execute on its business objectives.
Read More →The XLerate Group added a new member to its auction family today, as it announced the acquisition of Grand Rapids Auto Auction (GRAA).
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Manheim, in partnership with Alliance Inspection Management (AiM), announced it will enhance inspection services to handle larger volumes at auction sites and expand on-lot services at dealerships in major population centers across the country.
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KAR Auction Services, Inc. announced Executive Vice President of Human Resources Lisa Price was selected as the winner of the Indiana Chamber’s 2016 Ogletree Deakins Human Resources Professional of the Year Award.
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