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Overall Wholesale Value Softening Slows

Overall Wholesale Value Softening Slows

Volume-weighted, overall car and truck segments both experienced continued softening in values, but rate of decline slowed with the overall market decreasing by 0.52% this past week.

November 23, 2020

Strong Resale Values for Fleet Trucks & Vans Despite Pandemic

Strong Resale Values for Fleet Trucks & Vans Despite Pandemic

The largest fleet expense is vehicle depreciation, so managing it is critical to operating a well-run fleet. Remarketing is core to fleet management. In many ways, fleets are very much the “factories” that manufacture used vehicles.

November 23, 2020

Copart Opens New North Carolina Auction

Copart Opens New North Carolina Auction

The new Lumberton location consists of 89 acres. Eligible buyers can register and join auctions to bid on inventory through the Copart website or via the Copart Mobile App for iOS and Android devices.

November 22, 2020

McConkey Auction Group Acquires ABS Auto Auctions
KAR Expands Digital Services with New Acquisition
Tallahassee Auto Auction Names New General Manager
Wholesale Prices Show Seasonal Strength Through October
KAR Expands Data-Powered Recommendations with TradeRev Partnership
Manheim Runs Pilot Program for Physical Sales

Manheim Runs Pilot Program for Physical Sales

The restart of physical auction sales will look different for each location and comes with limitations intended to protect the health and safety of team members and clients.

November 8, 2020

Charleston Auto Auction Names Specialty Sales Remarketer

Charleston Auto Auction Names Specialty Sales Remarketer

XLerate Group Auctions’ Charleston Auto Auction in South Carolina has hired Andy Shaffer as specialty sales/fleet lease remarketer, who brings an extensive amount of knowledge in the specialty and auto remarketing industry.

November 8, 2020

America's Auto Auction Honors Greenville Auction Fleet & Lease Manager
Wholesale Values Decline Eighth Week in a Row
Economic Trends Impacting Resale Values in 2020-2021

Economic Trends Impacting Resale Values in 2020-2021

The remarketing industry observed a lower number of off-lease units in 2020 than anticipated; fleets extending asset lifecycles; and fewer repossessions than what would occur in a normal year.

October 26, 2020

Trends Influencing Remarketing Strategies of Commercial FMCs

Trends Influencing Remarketing Strategies of Commercial FMCs

Remarketing professionals at several leading FMCs are observing a strong truck market in the wholesale market, a continued shift of fleet portfolios moving toward more crossovers/SUVs, and an increase in digital auction activity.

October 26, 2020

NAAA Elects Garrison Hudkins as Vice President

NAAA Elects Garrison Hudkins as Vice President

The National Auto Auction Association (NAAA) has been elected Garrison Hudkins as its vice president for the 2020-2021 term, serving on the executive leadership team.

October 26, 2020