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KAR Expands Global Reach with Online Wholesaler Acquisition
Online Auction Sales Marched Higher in 2018

Online Auction Sales Marched Higher in 2018

Online sales of used vehicles in the wholesale market likely exceeded 2 million in 2018, as remarketing technology made it easier for dealers to evaluate, bid, and buy vehicles beyond physical auction locations.

January 30, 2019

2019 Wholesale Values Begin to Stabilize
GM Sells 15 Millionth Vehicle on Upstream Platform
Manheim Introduces New Vehicle-Tracking Technology

Manheim Introduces New Vehicle-Tracking Technology

The new technology — Lot Vision — is a GPS-based wireless device placed in a vehicle's on-board diagnostics port. The tracking device can also be attached to a steering wheel in the event that a vehicle does not have an on-board diagnostic port.

January 25, 2019

KBB Announces Best Resale Value Award Winners
Car Values Continue to Decline at Auction

Car Values Continue to Decline at Auction

Overall car segment values declined 0.71% last week, compared to 0.74% the week before.The highest depreciation within the car segment came from subcompact cars, midsize cars, and near luxury cars.

January 22, 2019

Manheim Updates Express App for Dealers

Manheim unveiled its updated Express mobile app at NADA 2019 that allows dealers to gain quick access to view, bid on, and purchase vehicles from inventory listed on Manheim's marketplace digital platform.

January 22, 2019

Used Fleet Vehicle Values Increased 6.2% in 2018

Used Fleet Vehicle Values Increased 6.2% in 2018

The average prices for used fleet vehicles sold at auction increased 6.2% to $12,464 in 2018, despite a weaker finish to the year that saw a 0.4% decline in December, according to Tom Kontos, KAR Auction Services' chief economist.

January 22, 2019

Experts Forecast the 2019 Used Vehicle Market

Experts Forecast the 2019 Used Vehicle Market

Prices and volume are not expected to plummet in 2019, but industry experts seem to feel that the best-case scenario will be a plateau, and more realistically, will fall slightly.

January 18, 2019

Online Canadian Auction Company Enters U.S. Market

PAR North America Hires SVP White

PAR North America has hired Stacey White to lead its remarketing services division as senior vice president. This appointment aims to further develop and expand PAR’s remarketing products for its customers, according to Lisa Scott, North American president.

January 17, 2019