XLerate Charleston has expanded its auto auction sales team by announcing four new additions to the team, according to an announcement from the Auction.
Read More →
As gas prices have continued to decline, smaller vehicles — in both the car and truck segments — have also seen an accelerated rate of depreciation, according to Black Book’s June 19 Market Insights report.
Read More →
NextGear Capital and Ready Logistics have partnered to offer a new kind of transportation financing solution that will allow its clients to buy, floor, and transport vehicles through a single transaction, according to a company announcement.
Read More →
Honda has released a newly redesigned certified pre-owned (CPO) vehicle website meant to provide an easier and more focused experience for its CPO segment, which has grown by 6.8% this year, according to a company statement.
Read More →
Auction sales volume of 8-year-old models totaled 366,212 units in May, a decline of 3% compared to the previous month and a nearly 2% increase from the same time last year, according to J.D. Power’s Used Car and Light Truck Guidelines June Industry Update.
Read More →
Prices consignors booked from off-lease fleet vehicles fell 0.2% in May, but remain up 3.5% from a year ago, Tom Kontos wrote in his monthly Kontos Kommentary.
Read More →
Insurance Auto Auctions, Inc. has begun construction of its 16th Texas auction near Fort Worth, which is scheduled to open in November,the company has announced.
Read More →
Small pickups and sporty cars were the top performing vehicles in their respective segments last week, according to Black Book’s Market Insights June 12 report.
Read More →Copart, Inc. has acquired Cycle Express, LLC, which primarily conducts business as National Powersport Auctions (NPA) for an undisclosed amount, according to a company announcement.
Read More →Black Book will be powering MyDealerOnline, an online vehicle valuation resource that uploads wholesale auction and other wholesale-sourced vehicles to dealer websites, according to the company.
Read More →
