KAR Auction Services Inc. announced that long-time senior executive Warren Byrd will step down from KAR Global after 23 years with the company.
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Manheim has named four new general managers at four locations, including businesses in Florida, Minnesota, and Cincinnati.
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Wholesale used vehicle prices increased 8.96% month-over-month in May 2020, bringing the Manheim Used Vehicle Value Index to 137%, which is 1.9% lower than it was at the same time in 2019.
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The partnership and API integration will allow Acertus to connect to AutoIMS as a logistics provider, connecting automotive auction and consignment shippers to capacity of pre-approved, vetted carriers representing 20,000 trucks.
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The International Automotive Remarketers Alliance (IARA) will host its third webinar in its 2020 Road to Recovery series, titled “Adjusting to the New Normal,” on Friday, June 5, 2020.
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ServNet auctions are gradually reintroducing in-person sales at their operations, following local and state health guidelines as restrictions ease in some areas of the country following the COVID-19 pandemic.
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Black Book’s latest COVID-19 Market Update found that while used vehicle values have continued to depreciate since the last week of March, the rate of depreciation has been significantly lower over the last two weeks.
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According to Manheim, wholesale used vehicle prices increased 5.74% in the first 15 days of May compared to the month of April. New and used retail vehicle sales show substantial gains from March’s free fall.
Read More →The International Automotive Remarketers Alliance (IARA) will host a webinar on May 22, 2020 titled “Opportunities Discovered," which will focus on the current actions of mega dealer groups and expected buying patterns in the near future.
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The Automotive Fleet & Leasing Association (AFLA Canada) held a webinar on Thursday, May 7, 2020 on the Canadian fleet market titled "The Impact of the Recent Economic Downturn on Vehicle Depreciation: What Fleets Need to Know.”
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