KAR Auction Services, Inc. announced that Mike Eliason has been named vice president of investor relations and treasurer.
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Reinforcing its commitment to bring the remarketing industry together, AutoIMS announced an expansion of its Client Services team through the hiring of an industry veteran and the naming of a new vice president.
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Manheim is the first in the industry to offer a two-way texting feature, OVE Text Notifications, that allows buyers and sellers to negotiate transactions via text. It can be accessed through the company's mobile app or the OVE online platform.
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Overall, auction values for used 1- to 3-year-old vehicles declined 1.3%, or roughly $235, in the first quarter of 2016.
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Black Book has new data that shows truck segments may be feeling additional pricing pressure, resulting in many trucks not holding their values as well as in previous years.
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Bel Air Auto Auction brought the gavel down on sixty-nine years in the auction business with their anniversary sale this past Thursday, April 21. Dealer, fleet-lease, and institutional vehicles filled the lanes.
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The average selling price of used vehicles sold by new-vehicle dealerships reached $19,397, according to the National Automobile Dealers Association (NADA)'s 2015 Financial Report.
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The International Automotive Remarketers Alliance (IARA) is celebrating its 15th anniversary in Toronto with its annual Summer Roundtable. The conference will take place August 9-11 at the Sheraton Centre Toronto Hotel in Toronto.
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Beepi, a car-buying startup, announced that it will be adding a leasing option for its used-car buying service.
Read More →Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit approvals are lower again after a hike in February levels. Auto lease credit approvals for the month of March finished at 66.7%, down from the February mark of 70%.
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