Volume-weighted, overall car and truck segments both showed gains for the eleventh week in a row, increasing 1.08% overall this week (compared to 1.01% the prior week).
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KAR Auction Services has named automotive industry veteran Steve Jordan as its executive VP for KAR Global Dealer Sales, who will join the company in September after serving for seven years as CEO of the National Independent Automobile Dealers Association (NIADA).
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Wholesale used vehicle prices increased 5.84% month over month in July, bringing the Manheim Used Vehicle Value Index to 158 a 12.5% increase from a year ago and another record-high for the Index, which also occurred in June.
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Buffalo Auto Auction will receive strategic consulting services from TPC Management, which works with business owners and key management personnel to increase revenues and implement operational efficiencies to enhance performance.
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Volume-weighted, wholesale values for overall car and truck segments both showed gains for the ninth week in a row, increasing 1.46% overall last week (compared to 1.45% the prior week).
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ADESA recently hosted a single digital auction event with vehicles in 22 different locations using the company’s Simulcast Plus technology.
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Dealers Auto Auction Group has named David Diedrich as its VP of national sales and operations.
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Cox Enterprises has named Steve Rowley as the new president of Cox Automotive, effective Aug. 3, and will take over for current president and CEO Sandy Schwartz, who moves to a role as CEO of the Cox Family Office.
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Hosted virtually on Aug. 20, 2020, the webinars will serve as virtual chat rooms that will allow attendees to learn from subject-matter experts on challenges and resources in today’s environment and share in an interactive dialogue.
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To help address the COVID-19 pandemic, vehicle logistics provider United Road deployed technology-enabled solutions to simplify vehicle moves, as well as gave customers touchless delivery and pick-up, repositioning support, storage options, more.
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