The subcompact luxury crossover segment saw the highest depreciation among all segments last week, after several weeks of low depreciation, according to Black Book’s July 24 Market Insights report.
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Bruce Beam has returned to the post of general manager of Dealers Auto Auction of Oklahoma City (DAA/OKC), according to a company announcement.
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June was an average month in terms of wholesale prices, according to J.D. Power Valuation Services. It reported this week that wholesale prices of used vehicle up to eight years in age fell 2.2%, which in line with the 2.2% average losses recorded over the past five years.
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Through the first half of this year, 2.1 million vehicles have been leased, a 4.4% decline from a year ago and the first time in four years that leasing has seen a year-over-year decline, according to the latest Edmunds Lease Market Report.
Read More →Outside of the Alliance, members of the IARA can be found participating in extracurricular activities and pursuing personal goals.
Read More →KASP Auto Auction has named Michele Pierog as vice president of national sales. Pierog, who has over 15 years of experience in the industry, most recently served as director of national sales at Auto Auction of New England.
Read More →The International Automotive Remarketers Alliance (IARA) is often referred to as “the voice of the consignor,” and has attracted auctions, service providers and all facets of the automotive remarketing industry to comprise the majority of its membership.
Read More →RMS Automotive and vAuto have partnered to make it more convenient for dealers to evaluate and acquire manufacturers’ premium off-lease and off-program vehicles before they get to auction, according to a company announcement.
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The average monthly payment for a leased vehicle in July has remained essentially flat from the previous month when the average monthly payment was approximately $340, according to online lease deal marketplace Wantalease.com.
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Since retiring as a remarketing manager of Kia Motors America this past January, David Alfonso has redoubled his efforts, given all his energy, and devoted his expertise to ensuring his days are filled with fun and adventure.
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