The average value of used fleet vehicles increased 1.5% in August from the prior month and are now up 8.5% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.
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TradeRev started as a dealer-to-dealer mobile app, but has expanded its offerings to give more real-time auction access to commercial fleets and fleet management companies.
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Used-vehicle values have held strong this year. A strong economy and more efficient remarketing strategies are helping make 2018 a banner year for used-vehicle values.
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The former general manager of ADESA Brasher, Rod Davis, will be taking the reigns as GM of the Arizona-based auction.
Read More →PAR North America has awarded its Agent of the Year and 2018 Resolution and Compliance Champion, the vehicle recovery service provider has announced.
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Vehicles that were taken out of commercial, government, and daily rental fleets and sold at auction in July were worth 8.1% more than they were a year ago and 0.4% more than in June, according to Tom Kontos, KAR Auction Services' chief economist.
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TradeRev is offering free vehicle transportation for dealers purchasing vehicles in qualifying states. TradeRev and CarsArrive Network are business units of KAR Auction Services Inc.
Read More →Edmund Field will act as president of the company, which offers extended service contract protection plans for pre-owned vehicles at independent used car dealerships and at small franchise retail automotive and power sport dealers.
Read More →The new 9,000-square-foot facility will sit atop 40-acres of land and marks the 11th IAA facility in Florida.
Read More →The new facility offers more than twice the storage of the previous Wichita-located facility, and features expanded drop zones and an improved vehicle inspection center.
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