The deal will diversify Ritchie Bros.' truck, construction, and farm equipment customer base by providing it with a larger presence in the vehicle remarketing vertical that has strong industry fundamentals with proven growth.
IAA has relocated its Jacksonville, Fla. branch. This branch is one of 11 the company operates in Florida.
An increasing number of flood-damaged vehicles are returning to the used market across the country, and increasingly in states where flooding might not be top of mind, according to new data from Carfax.
Copart has opened a new location in Buffalo, New York, marking the sixth location for the company in the state, the company announced.
Copart has opened a new location in Hartford, Connecticut, marking the second location for the company in the state.
The new facility will serve customers in Washington, D.C.; Richmond; and Charlottesville.
Insurance Auto Auctions, Inc. has opened IAA Lexington, its fourth location in South Carolina, in order to accommodate its newly expanded customer volume needs.
Expanded auction facilities are based in Huntsville, Alabama; Little Rock, Arkansas; Minneapolis/St. Paul; Long Island, New York City; and Houston.
Insurance Auto Auctions, Inc. will set up an innovation hub in a partnership with technology incubator 1871 called IAA Engine House that will serve as an idea-generation and development center for the company.
Copart has acquired Vincent Auto Solutions, an online auction that specializes in total-loss, fleet and damaged vehicles.
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