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As part of its 20-year anniversary, Openlane has a series of new enhancements, releases, and promotions planned for the duration of this year.
The company’s continuous investment in technology has heavily driven success in the company’s business as of late.
EchoPark doubled the amount of used vehicles it sold in the first quarter of 2019, signaling a growing demand for used vehicles.
The class will launch in Nashville, Tenn. on May 16-18, according to Auction Academy.
New-vehicle prices are currently at record highs and the high prices are shifting sales away from new-vehicles and toward certified pre-owned vehicles.
The U.S. market for fully electric vehicles has reached record volumes with 208,000 new registrations in 2018, all while loyalty rates of EV buyers continues to grow, according to recent analysis by business intelligence firm IHS Markit.
There are presently 52 million vehicles with open recalls on the nation’s roadways, a significant decline from the 63 million in 2017 and the 57 million in 2018, according to the latest annual findings from Carfax.
The website iSeeCars compiled a list of top 10 vehicles with the highest rate of entering the used market one year after being purchased as new. Of those top 10, eight were luxury vehicles.
View photos from the 2019 Conference of Automotive Remarketing, which took place from March 25 to 27 at Caesars Palace Las Vegas.
Lynnway Auto Auction, Inc. and its president, James Lamb were indicted this week on five counts of manslaughter in connection with a 2017 fatal crash, according to an announcement given by the Middlesex County District Attorney's Office.
KAR's Warren Byrd earned Remarketer of the Year, while ARI's Chris Clarke won Consignor of the Year.
With this acquisition, America's Auto Auction now includes 22 locations.
The two awards the auction received were the Top Selling Independent Auction for 2018 and Soaring Eagle Award, which is awarded for selling over 1,000 cars on the SmartAuction digital sales platform.
The company has created and filled president positions at two of its major brands: Roadrunner Services and Direct Reconditioning. The company also named a new VP of sales and staffing services.
Copart has seen a growth in demand from buyers and sellers in Texas and has decided to expand its Austin, Texas location in order to meet those demands.
View photos from the 2019 Conference of Automotive Remarketing, which took place from March 25 to 27 at Caesars Palace Las Vegas.
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