While the effect that Hurricane Irma had on Insurance Auto Auction's and Copart's operations in Florida was relatively mild, Houston was a different story.
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Houston's auto auctions have begun assessing the impact of Hurricane Harvey so they can resume full business activity to supply replacement vehicles for those who lost cars, trucks, and SUVs in the flood.
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Insurance Auto Auctions, Inc. (IAA) has secured 22 locations across 10 states in preparation of the storm season to better manage salvage inventory from potentially catastrophic events, according to a company announcement.
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Manheim will open six smaller auctions in areas the company views as "underserved markets," including Alabama, Georgia, Illinois, North Carolina, West Texas, and Utah, Manheim has announced.
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The tax season had a late start in the southwest market. The boost in sales — which has been described as a steady increase as opposed to a spike this year — that auctions typically begin to see in February did not arrive until March.
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Jim McNulty, past president of the Automotive Fleet & Leasing Association (AFLA) and more recently the owner of Lone Star Auto Auction in Lubbock, Texas, passed away on March 9, 2017, from complications of esophageal cancer.
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The XLerate Group has acquired Lone Star Auto Auction (LSAA) in Lubbock, Texas. The independent auction joins XLerate’s existing Texas locations in Dallas, Austin, according to XLerate.
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A higher portion of pricier off-lease units that made their way onto the market in September, along with higher truck prices, which resulted in a flat wholesale market for the month in the Southwest region.
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ADESA has appointed Michael Schenks, Ron Schritenthal, Dan Watt, and Rod Thompson.
Read More →The XLerate Group acquired auction EPI-El Paso (EPI), adding a new member to its Texas auction family.
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