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Several ServNet auctions consigned roughly 8,000 vehicles during special events at a number of locations this summer, and the organization has plans to host more events in the coming months.
Used-vehicle auctions have started resuming regular business hours following the effects of Hurricane Florence, which had less of an impact on the U.S vehicle market than Hurricanes Harvey and Irma in 2017.
Military AutoSource (MAS) in partnership with Petty’s Garage will auction off a Warrior Edition Ford F-150 truck to benefit Paralyzed Veterans of America.
Several North Carolina used vehicle auctions closed as a result of Hurricane Florence sweeping into the state, while others shifted to online sales or delayed on-site sales.
Ryan Rickey will serve as general manager for XLerate’s Your Auction in Florida, while Michael Schuler will assume that position at Pennsylvania's Corry Auto Dealer Exchange.
ACV Auctions Inc. is on pace to sell over 100,000 vehicles by the end of 2018, after selling 8,600 vehicles in August, according to the company.
Insurance Auto Auctions has taken steps to prepare its auctions for Hurricane Florence with lessons the company's leaders learned from last year's hurricanes, said John Kett, the company's chief executive and president.
The new 96-acre auction location will be located in Spartanburg, S.C.
ServNet Auctions saw tax season come early this year, as 2018 sales volume so far has remained strong, according to a mid-year update from Eric Autenrieth, president of ServNet.
The new facility offers more than twice the storage of the previous Wichita-located facility, and features expanded drop zones and an improved vehicle inspection center.