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Cox Automotive has named Patrick Brennan as senior vice president of inventory solutions, marketplace, the company announced. He will begin in his new role effective immediately.
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Carvana has opened up its newest car vending machine in Jacksonville, Fla., marking the fifth vending machine the company has opened this year, according to a company announcement.
Read More →Wholesale used vehicle prices rose 2.77% in September on a month-over-month basis, which drove Manheim’s Used Vehicle Value Index up 6.3% from a year ago to 134.9, marking five months of consecutive growth.
Read More →Fleet managers should consider seven areas of a vehicle, when maximizing resale value. Condition reports generated by third-party inspectors can help spell out a vehicle's true condition.
Read More →At a depreciation rate of 0.94%, prestige luxury cars experienced the biggest drop in average wholesale value among all cars compared to the week before. Premium sporty cars posted the second-highest decline at 0.83% depreciation.
Read More →Black Book’s Used Vehicle Retention Index increased from 112.6 to 113.9 in September, the largest month-over-month gain since March 2012, according to a company announcement.
Read More →KAR Auction Services, Inc. has acquired the remaining 50% stake in TradeRev, a mobile app and desktop solution that facilitates real-time dealer-to-dealer vehicle auctions, for $50 million in cash and an additional $75 million over the next four years contingent on certain terms and conditions, according to a company announcement.
Read More →Carvana has opened a new vehicle inspection and perfection center in the Phoenix suburb of Tolleson, Ariz., according to a company announcement.
Read More →Pickup trucks have seen a surge in consumer interest in the aftermath of Hurricane Irma and Harvey, according to Jumpstart Automotive Media.
Read More →Edmunds forecasts that approximately 1.4 million new cars and trucks will be sold in September across the United States, for an estimated seasonally adjusted annual rate of 17.5 million, according to a company announcement.
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