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PSA Group Creates Used Car Peer-to-Peer Marketplace

PSA Group Creates Used Car Peer-to-Peer Marketplace

PSA Group has created Carventura.com, a peer-to-peer used car marketplace, as a way to bolster its presence in the peer-to-peer marketplace in France, according to a company announcement.

October 19, 2017

Manheim Puerto Rico Hosts First Post-Hurricane Sale

Manheim Puerto Rico Hosts First Post-Hurricane Sale

Manheim Puerto Rico hosted its first post-hurricane sale on Oct. 12 — 200 vehicles were offered for sale, the auction announced. Of those, 70 sold and an additional 30 vehicles are pending sale.

October 16, 2017

RMS Automotive Enhances PSA Group's Dealer Portal

RMS Automotive Enhances PSA Group's Dealer Portal

RMS Automotive has enhanced its MOVE dealer web portal for French manufacturer PSA Group's vehicles. PSA Group uses the upstream remarketing platform in 22 countries to for Peugeot, Citroen and DS Automobiles brands.

October 10, 2017

Hurricane Irma Could Wipe out 400,000 Vehicles

Hurricane Irma Could Wipe out 400,000 Vehicles

As many as 400,000 vehicles in Florida will need to be replaced as a result of Hurricane Irma, including as many as 11,000 fleet vehicles, according to Cox Automotive.

September 13, 2017

Hurricane Harvey Could Create 1M Salvage Vehicles

Hurricane Harvey Could Create 1M Salvage Vehicles

While market watchers agree that Hurricane Harvey's impact stretches beyond Houston-area automotive business, estimates on exactly how many vehicles will need to be replaced vary between half a million and million vehicles, including as many as 18,500 fleet vehicles.

August 31, 2017

Manheim Expands Brazilian Auction Presence
Ford, Nissan Top Vincentric's Fleet Value List

Ford, Nissan Top Vincentric's Fleet Value List

Ford and Nissan vehicles appeared most prominently among the vehicles chosen as having the best fleet value by Vincentric for the 2017 model year, the firm that analyzes total cost of ownership announced.

April 25, 2017

Copart Opens Sixth Location in Brazil

Copart, Inc. has opened its sixth location in Brazil, according to a company announcement. Its sixth location will be located in Betim, Minas Gerais and will offer a wide selection of salvage and used vehicles, the company noted.

April 12, 2017

Used-Car Values Could Fall by 50%, Morgan Stanley Says
Pacific: Canadian Trucks Provide a Boost

Pacific: Canadian Trucks Provide a Boost

Auctions in the Pacific Northwest and across the northern tier of the U.S. have seen a healthy influx of Canadian units over the past two years as a result of a softening economy in western Canada and a weak Canadian dollar.

November 22, 2016

Copart Opens First German Auction

Copart, Inc. is opening its first German vehicle storage and auction location in Bad Fallingbostel, near Hanover, the online auctioneer has announced.

September 14, 2016