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Late June Depreciation Slows Down

Late June Depreciation Slows Down

Lower depreciation among luxury cars helped decelerate overall car segment depreciation, while truck segment depreciation remained stable.

July 2, 2019

KAR Completes Salvage Business Separation
PAR Names New Sales Executive

PAR Names New Sales Executive

Drew Shull has been appointed as VP of sales and client experience, an appointment which aims to help create new client relationships and foster PAR's existing customer base.

June 27, 2019

Average Age of U.S. Vehicles Continues to Rise
KAR Rebrands Recently Acquired European Digital Auction Company
AutoIMS Names Chief Technology Officer
Truck Values Strengthen at Start of Summer

Black Book Adds Build Data to Autodata

Autodata Solutions will integrate Black Book's vehicle build data into its software solution that's powered by ChromeData and offered to lenders, dealers, insurance companies, and auctions, Black Book has announced.

June 24, 2019

NAAA Cuts Ties to Used Car Week

The National Auto Auction Association is ending its partnership with Cherokee Media Group for its National Remarketing Conference in the fall, the association has announced.

June 21, 2019

Used Fleet Vehicles Increase 2% in May

Used Fleet Vehicles Increase 2% in May

Used vehicles from fleet consignors in ADESA sales increased 2% in May to $14,043 and were 5.5% above a year ago, according to monthly commentary from Tom Kontos, chief economist for KAR Auction Services.

June 19, 2019

Black Book Offers Vehicle Verification to Lenders

Black Book will begin offering vehicle verification information to automotive lenders to help reduce misrepresentation about a vehicle's trim and equipped options, the valuation firm announced.

June 19, 2019

IAA Opens Third Location in Houston Area

The new location, IAA Houston South, sits approximately 35 miles from Houston and will strategically enhance the company's ability to serve the growing metropolitan area and the coastal Texas areas, the company announced.

June 13, 2019

Wholesale Depreciation Continues to Rise Post Spring Market
Fleet Vehicles Spending Fewer Days at Auction
Manheim Names VP of Reconditioning