New-vehicle sales in April are expected to fall 3% year over year to 1.45 million units, resulting in an estimated 17.1 million seasonally adjusted annual rate (SAAR), according to analysts at valuation and data provider Kelley Blue Book.
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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.
Read More →Manheim has announced three key sustainability goals for 2017: offsetting carbon emissions by 3,000 tons at its facilities, saving 2.5 million gallons of water, and achieving zero waste to landfill at one site.
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Manheim has rolled out its Limited Powertrain Inspection, the company’s first inspection product for higher mileage vehicles to include structural, engine, transmission, transfer case, and hybrid/electric battery in the inspection guarantee, according to a company announcement.
Read More →NsightLive's trade appraisal service, according to the company, provides a trade appraisal tool to independent auto dealers that might not otherwise have access to one. By partnering with Black Book, NsightLive’s trade appraisal tool will now be able to leverage Black Book’s data.
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Carvana has opened up its fourth car vending machine in Texas — and the fifth nationwide — in Frisco, Texas, according to a company announcement. The vending machine will stand eight stories tall, contain four delivery bays, and hold up to 30 cars.
Read More →ServNet will be forming a Client Advisory Board that will consist of 10 to 12 executives from key commercial accounts and institutional consignors. These executives, according to the company, will assist in identifying, implementing and refining best practices at auctions.
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High vehicle demand delivered strong showings across nearly all vehicle segments in the past week, according to Black Book’s April 17 Market Insights report.
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Cox Automotive has named Jonathan Smoke as its new chief economist, according to a company announcement. In his new role, the company added, Smoke will be responsible for leading the creating of an economic industry insights office.
Read More →The updated version allows users to upload their licenses onto the application. Additionally, a new Lot Scan feature will allow users to scan bar codes at Copart locations in order to attain details about vehicles they’re interested in.
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