CARFAX chief executive officer Dick Raines will retire from that role on Nov. 30, and taking over as CEO on Dec. 1 will be vice president Bill Eager, the company said in a news release Monday. “It’s been my honor and privilege to work with Team CARFAX for the past 30 years in fulfilling our […] [Read More]

CarLotz, a consignment-to-retail used-vehicle marketplace, has entered the Peach State, the company announced on Monday. The company said its new Georgia hub will be located at 4400 Stone Mountain Highway in Lilburn, Ga.  The store, serving the greater Atlanta area, will allow CarLotz customers to utilize its services online, or "in-hub,"at the Lilburn location.  "We […] [Read More]

Fleet management company Donlen announced that it has joined the Climate Group's EV100 in an effort to push electric transportation to the forefront of mobility.  The EV100 is described as a team of companies committed to "shaping the market for EVs by building demand and establishing electro-mobility as a mainstream transport solution." To join the coalition […] [Read More]

The XLerate Group has made its third acquisition in just over two months. The company said Friday it has purchased Clark County Auto Auction. The Jeffersonville, Ind., auction becomes the 15th auction brand in the XLerate family and the first in the group’s home state of Indiana. XLerate, which is headquartered in the Indianapolis suburb […] [Read More]

Online auto auction company Copart has added a new member to its board of directors this month. Chosen for the position is Carl Sparks, a managing partner with Dallas-based venture capital firm Interlock Partners. His company, Copart shared, is focused on early-stage "transformative" technology companies.  Sparks also brings past experience serving as a public company […] [Read More]

With inspection experts already cautioning dealers because of inventory being so difficult to get, CARFAX shared even more data about how many vehicles potentially have been damaged in the wake of Hurricane Ida and other intense storms across the United States in recent weeks. CARFAX said on Thursday that widespread flooding from Hurricane Ida — […] [Read More]

Manheim announced this week it has delivered process improvement solutions for its commercial clients in the form of a new Client Shared Services Center. Manheim said the center will serve to meet clients' needs for easier, faster post-sale operations — especially for commerical clients who sell vehicles across multiple Manheim locations.  This improvement solutions aims to […] [Read More]

ADESA announced Tuesday it has added OBD2 emissions codes to the condition reports of vehicles inspected at its locations. The auction company has streamlined OBD2 (onboard diagnostic II) scans through a new process, meaning inspections at ADESA vehicle logistics centers will include emissions codes more clearly displayed on condition reports moving forward. OBD2 represents a standardized system […] [Read More]

One vehicle segment that is potentially an appealing option for consumers looking to solve their transportation needs — especially if they have to do it quickly because of recent storms — is continuing to cost more for dealers to acquire. [Read More]

Used Car Week, which is set for Nov. 15-18 at Red Rock in Las Vegas, is proud to announce its 2021 industry partners. These organizations are: International Automotive Remarketers Alliance National Auto Auction Association National Independent Automobile Dealers Association National Automotive Finance Association American Recovery Association Receivables Management Association International “Used Car Week is designed […] [Read More]