The company has been in operation for three years, and now sells over 10,000 wholesale vehicles a month, representing 1% of all vehicles sold at auctions in the U.S.
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ServNet has added FastLane Auto Exchange, a Michigan-based auction, to its network of auctions, making it the auction group’s 23rd location nationwide.
Read More →Ryan Edwards has joined Dealers Auto Auction of Murfreesboro as the auction’s general manager.
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KAR Auction Services, Inc. has reached a definitive agreement to acquire CarsOnTheWeb (COTW), an online auction company serving the wholesale vehicle sector in Continental Europe, according to a company announcement.
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Manheim has invested $1.8 million in a new 11,000 square-foot mechanic shop for Manheim San Antonio, according to a company announcement.
Read More →Manheim has promoted four of its associates to general manager and expanded the roles of another, the auction company has announced.
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A significant part of the automotive value chain, Enterprise’s operations result in over 1 million used vehicles that become available for sale every year.
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Manheim will invest $13 million over the next three years in a wide-ranging program to create a safety culture at its auctions, the Atlanta-based company announced.
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The new location is located in Bruchmühlbach-Miesau, near Mannheim, Germany.
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Several ServNet auctions consigned roughly 8,000 vehicles during special events at a number of locations this summer, and the organization has plans to host more events in the coming months.
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