Used vehicle prices experienced a reversal in May, falling 1.2% from the previous month, according to Black Book.
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After more than a decade as president and CEO, Jim Yates will be retiring from Alliance Inspection Management (AiM) effective immediately, according to a company announcement.
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Four leaders from KAR and its ADESA and Automotive Finance Corporate (AFC) business units will be featured speakers and panelists at the upcoming National Independent Auto Dealers Association (NIADA) Convention and Expo, according to a company announcement.
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As the small crossover segment continued to thrive, sub-compact and compact car values continued their steady decline last week, according to Black Book’s June 5 Market Insights report.
Read More →Wholesale values for used vehicles reach a record-high of 127.9, while new vehicle sales dropped 2% compared to last year.
Read More →Auto lease activity remained essentially flat, compared to the previous several quarters, according to Swapalease.com, an online marketplace that allows consumers to transfer their lease contracts with other interested individuals.
Read More →ADESA has expanded the company’s dealer sales and services reach into additional regions throughout the U.S., to further enhance the online and in-lane customer experience, according to a company announcement.
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ADESA has named three new general managers at its Arizona, Tennessee, and Florida auctions, according to a company announcement.
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The XLerate Group's Tom Francois will succeed Tim Netz — who is retiring after 18 years of service — as general manager of Badger State Auto Auction in Fond du Lac, Wis.
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The rate of depreciation among car segments continued to accelerate last week, particularly among mid-size, full-size, and subcompact cars, according to Black Book’s May 29 Market Insights report.
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