Your Top Resource for Consignor and Auction News
KAR Auction Services Inc. has rebranded and will begin doing business as KAR Global, the company announced.
Cox Automotive forecasts 1.25 million new-vehicle sales in September 2019, which would represent a 14% drop from the previous year.
Manheim New England recently hosted its third annual “Touch-A-Truck Event,” a philanthropic event that benefited two young children born with congenital heart defects.
Manheim announced the addition of two new, dealer-facing features to the Manheim Express mobile app, both available now.
The new location, located in Ontario, Calif., stands eight stories tall and holds 27 vehicles.
Nick Peluso, a 30-year veteran of the remarketing industry and leader at Manheim since digital auction sales were a burgeoning idea, will retire at the end of the year.
To increase dealer confidence in purchasing decisions within the wholesale used-vehicle marketplace, Manheim is introducing flat-rate pricing for automatic post-sale inspections, providing dealers a hassle-free way to reduce their risks and help ensure vehicles bought at auction are in the expected condition.
The number of unsold new cars and light trucks at U.S. dealerships reached nearly 3.8 million at the start of August, a 71-day supply.
TradeRev has expanded its digital platform to two new markets: Kansas City, Mo. and Minneapolis, the company announced.
John Brasher and Robert Sullivan will head ServNet's executive team and will assume leadership of the auction group on Jan. 1, 2020 after longtime ServNet CEO Pierre Pons steps down.