The International Automotive Remarketing Alliance (IARA) has opened registration for its 2020 IARA Virtual Summer Roundtable and revealed the agenda, which will be hosted virtually on Aug. 20, 2020.
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Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 6.6% comparing the first 15 days of June to the month of May.
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The second week of June continued a story of rebounding wholesale prices, with volume-weighted overall car and truck segments both showing gains for a third week in a row, gaining 0.62% overall, Black Book reported.
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KAR Global launched a new set of interactive dashboards that display retail and wholesale trends from across the remarketing ecosystem.
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The industry quickly turned to online services when the pandemic hit, utilizing digital-only sales, which ultimately kept the industry from halting completely.
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The International Automotive Remarketing Alliance (IARA) has announced that it will be transitioning its 2020 IARA Summer Roundtable Conference to be the 2020 IARA Virtual Summer Roundtable.
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Topics mentioned includes the state of the wholesale used-vehicle market; how an increase in employment will boost demand in the used-vehicle market; and sales activity at auctions starting to pick up.
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Direct Automotive Services (DAS), formerly Direct Auction Services, named Steve Watson as chief financial officer (CFO) effective May 6, 2020, where he oversees the financials, accounting, HR/Payroll, administration and IT departments.
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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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