The seasonally adjusted annual rate (SAAR) of sales declined to 35.7 million, down from 40.9 million in September 2020.
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The purchase will enable the auction company to solidify its market positions and further scale in this industry through strategic investments in technology and other avenues for growth.
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The auction company has created infrastructure as part of its electrification plans for service and support of electric vehicles for clients.
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With high prices and fast sales, dealers are selling cars before they get a chance to pull them into their shops to recondition them up to full CPO standards.
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Darren Kemper will leverage Black Widow's recent cash infusion to scale operations and expand growth channels.
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T.J. Reed lands back at Daimler Trucks North America to head up its used-truck business.
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All major market segments saw seasonally adjusted wholesale price increases in September, while sales into fleets were down 21% year over year in September.
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The agreement with Cox gives ELMS customers access to more than 6,000 service centers, 3,000 partner locations and 800 mobile technicians nationwide.
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The lack of new-vehicle inventory is steering many dealers and consumers into the used-vehicle market, resulting in higher prices for both wholesale and retail used vehicles.
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The mobile experience makes it simpler and easierto access and participate in live, auctioneer-led sales from any location.
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