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The average value of used fleet vehicles increased 1.5% in June from May, but remain 4.3% higher than a year ago, according to KAR Auction Services' ADESA unit.
July 17, 2019
Wholesale vehicle depreciation saw an uptick last week, as the car segment in particular saw a decrease in values, according to Black Book's July 15 Market Insights report.
July 16, 2019
The used industry's seasonally adjusted annual rate (SAAR) was 39.8 million during June, down from the 41.1 million SAAR from the same time last year, according to Cox Automotive estimates.
July 15, 2019
Copart has opened a new location in Hartford, Connecticut, marking the second location for the company in the state.
July 11, 2019
The new integrations are meant to enable greater access to trades, increase buyer confidence, and improve the dealer experience end-to-end, the company stated.
July 10, 2019
Wholesale vehicle depreciation continued to accelerate last week, a trend that is expected to continue for the next few weeks, as seasonal patterns take hold, according to Black Book's July 8 Market Insights report.
July 10, 2019
Black Book's latest Used Vehicle Retention Index for June (115) shows a 0.6% increase from May (114.4), which reflects an incremental improvement in used vehicle values.
July 9, 2019
Dave Angelicchio died on July 7 after battling cancer for three years.
July 8, 2019
Following its separation from KAR Auction Services, Insurance Auto Auctions (IAA) has announced the members of its board of directors.
July 8, 2019
The average transaction price for a light vehicle in the U.S. in June was $37,285.
July 3, 2019
Lower depreciation among luxury cars helped decelerate overall car segment depreciation, while truck segment depreciation remained stable.
July 2, 2019
KAR Auction Services has successfully completed its previously announced separation of Insurance Auto Auctions (IAA).
July 1, 2019
Drew Shull has been appointed as VP of sales and client experience, an appointment which aims to help create new client relationships and foster PAR's existing customer base.
June 27, 2019
The average age of light vehicles in operation in the U.S. has risen again this year to 11.8 years, according to new research from IHS Markit.
June 27, 2019
The rebranding will extend the KAR family of companies' international name recognition and reputation to Continental Europe, the company stated.
June 26, 2019