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Lease Credit Approval Rates Rise to 69.1% in July

In Memoriam: IFS Founder Tim Janssen

Tim Janssen, the retired president of IFS (Innovative Funding Services LLC), passed away on Aug. 14 in Largo Vista, Texas. He was 55. Janssen founded IFS in 2007 and served as president of IFS for more than 12 years until his retirement in Jan. 1.

August 19, 2019

Dealer Days' Supply Hits 71 on Weaker Sales
Manheim Boosts Investment in Simulcast
Carvana Unveils First Vending Machine in California
Vans, Pickups, and Compact Cars Outperformed Average Wholesale Market
IARA Passing the Gavel to New President at Upcoming Roundtable

ServNet Announces New Leadership

John Brasher and Robert Sullivan will head ServNet's executive team and will assume leadership of the auction group on Jan. 1, 2020 after longtime ServNet CEO Pierre Pons steps down.

August 9, 2019

New-Vehicle Interest Rates Fall to 5.8%

New-Vehicle Interest Rates Fall to 5.8%

The average interest rate for a new-vehicle loan dropped for the third month in a row in July, hitting its lowest level of 2019, according to Edmunds.

August 8, 2019

Adesa's Online Sales Grew 12% Year-to-Date
Condition Reports: A 7-Point Checklist

Condition Reports: A 7-Point Checklist

When a fleet vehicle heads to auction, it’s history and condition at the point of sale will largely determine its price. The condition report is a crucial tool for both buyers and sellers to set the vehicle’s true value. Learn about the seven points every condition report must include.

August 7, 2019