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]

ACV has chosen a new tech leader for its digital automotive marketplace and data services platform. Bahman Koohestani, with over 25 years of leadership experience across a wide range of industries, including technology and data analytics, is the company's new chief technology officer.  ACV explained the new CTO will be responsible for leading the company's continued […] [Read More]

The National Auto Auction Association has postponed its annual convention, which had been set for Sept. 28-30 in Chicago. In an alert sent to members, NAAA said: “The Executive Committee of the NAAA remains steadfast in delivering best in class content and experience to our members, associate members, partners, sponsors and friends.  “Based upon broad […] [Read More]

The XLerate Group continues to make big moves this summer. A week after announcing new majority ownership and less than two months after buying Liquid Motors, the company has expanded its reach into Louisiana. XLerate said Thursday it has purchased Greater Shreveport-Bossier Auto Auction. With this acquisition, which is the group’s 10th, XLerate now has […] [Read More]

Cox Automotive experts tried to put some seasonal context when explaining the latest movements of the Manheim Used Vehicle Value Index and other parts of the wholesale market. [Read More]