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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.
The average interest rate for a new-vehicle loan dropped for the third month in a row in July, hitting its lowest level of 2019, according to Edmunds.
ADESA has created a new role to direct and activate the team that develops relationships with its large-scale buyers and sellers.
Copart CEO Jay Adair stated that this new location is a strategic step in expanding the company's footprint in the state.
Prompted by a severe shortage of auto technicians nationwide and fast-growing need by clients for the company’s reconditioning services, Manheim has launched its own apprentice program, the company announced.
AutoNation Inc. announced that CFO Cheryl Miller has been appointed president and CEO, replacing Carl Liebert, who joined the company in February. She becomes the first female CEO of a publicly traded automotive retailer.
The average transaction price for a light vehicle in the U.S. in June was $37,285.
KAR Auction Services has successfully completed its previously announced separation of Insurance Auto Auctions (IAA).