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The existing KCI Kansas City auction team will remain at the company after the acquisition.
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The whitepaper titled “Certification Impact on Low Grade & High Mileage Units” found that certified wholesale vehicles sell 4%-8% faster than uncertified vehicles.
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The platform has been in use throughout the company's Canadian operations since 2016, but it is now bringing it to the U.S. market.
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Overall used vehicle values, and truck values in particular, were down month-over-month in October, according to Black Book’s latest Used Vehicle Retention Index.
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The seasonally adjusted annualized rate of U.S. new vehicle sales could exceed 17 million units for the fifth straight year, a surprise for many, as forecasters predicted a slight drop off in 2019.
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Cox Automotive has appointed Scott Maybee as president of NextGear Capital.
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Holly Capps has been promoted to senior vice president of Manheim sales, reporting to Cox Automotive CSO Tim McKinley, the company announced. Capps had served as the Manheim sales leader on an interim basis since July.
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