KAR Auction Services will invest between $20 million and $25 million over the next three years to redesign and enhance its online sales platform in a project known as New Wave.
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Franchised dealers in East Coast markets, including northeast Ohio, Washington, D.C., and eastern Massachusetts, have begun using ACV Auctions' mobile app that takes a vehicle condition report and alerts buyers that a 20-minute auction has begun.
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Manheim’s Mobile Auction program has generated the highest sale rates among Manheim channels, including, in-lane, mobile, and online auctions. Manheim clients are now averaging 70% sale rates using the platform, which utilizes a fleet of mobile trucks, buses and “auction in a box” portable technology units, according to Manheim.
Read More →ACV Auctions has hired Michael Waterman as its vice president of sales. He will play a key role in helping the company grow its mobile-enabled live auctions.
Read More →Copart, Inc. is opening its first German vehicle storage and auction location in Bad Fallingbostel, near Hanover, the online auctioneer has announced.
Read More →Copart's new auction is its second location in the Denver metropolitan area.
Read More →Impact Auto Actions Ltd. has launched a website that offers its customers an online bidding platform and a way to streamline the process of sourcing and purchasing salvage vehicles.
Read More →Copart, Inc. has opened its latest location in Cartersville, Georgia.
Read More →Manheim and several other remarketing industry partners will continue moving forward to develop a multiplatform bidding system in the wake of announcements by ADESA and ServNet Auctions dropping out of the planning process.
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ADESA will not participate in an automotive remarketing industry initiative to establish a platform that would allow simultaneous bidding on vehicles listed on multiple online auction sites.
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