Motormindz, a global venture consultancy, partnered with NuVinAir Global, an automotive cleanliness solutions and hygienic consulting company, to assist the industry expansion of NuVinAir’s ‘“Total Health” suite of products.
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KAR Auction Services, Inc. has signed a definitive agreement to acquire BacklotCars Inc., an app and web-based dealer-to-dealer wholesale platform featuring a 24/7 “bid-ask” marketplace and comprehensive vehicle inspections performed by automobile mechanics.
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Manheim expanded its Digital Block sales, adding seven more locations with in-lane bidding with a live auctioneer; however, vehicles are only displayed on screens and never travel down physical lanes.
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Dealers Auto Auction (DAA) of Idaho has joined ServNet’s group of independent auctions, as the auction group continues to expand its U.S. presence.
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McConkey Auction Group (MAG) has expanded into the southwestern United States via a new partnership with Dealers Auto Auction (DAA) of Las Vegas.
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Volume-weighted, overall car and truck segments both showed signs of slowing with the overall market decreasing by 0.15% this past week, compared to a 0.14% decrease the prior week.
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The CAR Experience will be hosted live online from Oct. 12-16, 2020.
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Manheim has released three new enhancements to its digital marketplace by adding significantly more images on vehicles checked in at a physical location; the opportunity to more easily transact at below-floor prices; and an additional sale format.
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Volume-weighted, overall car and truck segments both showed signs of slowing down after 15 consecutive weeks of increases, with the overall market increasing by only 0.03% this past week (compared to 0.27% the prior week), according to Black Book’s recent Market Insights report.
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Larry Stephen Hedrick, past president of the National Auto Auction Association (NAAA), founder of Statesville Auto Auction, and former NASCAR team owner, passed away Monday, Aug. 31, 2020, following a battle of Acute Leukemia.
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