As part of its long-term growth strategy to invest in emerging markets, has Manheim announced that it has purchased a majority stake in CarBizz, an auction operation based in São Paulo.
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Though sharing land with Manheim Orlando, the new site is located off-premises and will have its own main office, cafeteria, and reconditioning facilities. The newly refurbished location will be named Go Auto Exchange Orlando.
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Jared Rowe has been named president of AutoTrader.com, while Steve Lind has been named president of Kelley Blue Book.
Read More →City officials are cracking down on the sale of used cars that have been recalled, but not repaired.
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Auctions America’s second annual California sale bested the company’s 2013 results in every category.
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Used-vehicle depreciation slipped to 1.5 percent in July, as mid-size sedans led a sharper decline in value after a strong spring, reports Black Book.
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KAR Auction Services, Inc., a provider of used-vehicle auction services, announced that its business unit ADESA has acquired a 50 percent stake in Toronto-based Nth Gen Software Inc. and its online vehicle remarketing system, TradeRev.
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Ford and Toyota each took seven categories in Vincentric's 2014 Best CPO (certified pre-owned) Value awards announced today that covered 41 vehicle segments as well as three affordable brands.
Read More →The 2014 International Automotive Remarketers Alliance (IARA) Summer Roundtable is scheduled August 19-21 at the Hyatt Regency McCormick in Chicago.
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Smaller, more fuel-efficient models are getting some attention again after resale prices softened for just over a month once the tax season expired.
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