To meet increasing buyer and seller demand in Germany, Copart has established a second location in Germany that is located near the city of Leipzig. The company announced Monday that its second location in Germany can store up to 4,500 vehicles and will hold bi-weekly auctions on Thursdays at noon. “We are proud to open […] [Read More]

Just months away from concluding their two-year course of study at Auction Academy, students of the program's fifth class will soon meet in Detroit for three days from Oct. 15 through Oct. 17 as part of its final session. While in Detroit, the class will meet with National Auto Auction Association chief executive officer Frank Hackett and […] [Read More]

Dealers are looking for bargains in the auction lanes just like potential buyers are when they scour store websites or walk rows of inventory. As a result, this week’s Market Insights report from Black Book detailed the continued strength currently on display in the wholesale market, with a handful of cars showing increases in early […] [Read More]

The Manheim Used Vehicle Value Index is now in unchartered territory. The team at Cox Automotive reported on Monday that wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 2.01 percent month-over-month in August. That jump pushed the index reading to 139.7, which is 6.4 percent higher than a year ago […] [Read More]

Not even the strength of a hurricane generated as large of a single-month increase in the Black Book Used Vehicle Retention Index as what editors computed for August. Black Book reported that the index posted a significant month-over-month increase of 1.4 percent. Editors indicated the change last month marked the largest single-month increase since a […] [Read More]

Fresh off of what was said to be close to the best attendance ever for its annual Summer Roundtable, the International Automotive Remarketers Alliance will once again be an industry partner for another major event in the pre-owned vehicle space: Used Car Week. The National Auto Auction Association, National Independent Automobile Dealers Association and National […] [Read More]

Celebrating nine was fine at Dealers Auto Auction of Murfreesboro. The auction commemorated its ninth anniversary with a promotional event that offered more than 900 vehicles and sold more than 450 units on Aug. 22. The event also raised money for the Hope Center Ministries. Together with dealers, the endeavor generated more than $45,000. Hope […] [Read More]

Hertz is ramping up its rental service offerings, which includes the chance of to win a special edition Chevrolet Corvette. The company on Wednesday announced the launch of Hertz+, a new platform that can give customers access to more than 130,000 curated and unique experiences globally, including exclusive events, travel opportunities and more. To celebrate […] [Read More]

Avis Budget Group is looking to be at the forefront of technology involving the rental and remarketing arenas, so it joined another association on Wednesday. Avis Budget Group announced it has become a member of The Internet of Things Consortium (IoTC). The company has joined the consortium given the critical role that IoT technologies are […] [Read More]

Along with sharing its latest update on the specialty markets, Black Book reported that wholesale prices remained steady and volume a bit constricted as the calendar flipped to September. The latest Market Insights report highlighted the strength mainstream sedans have had in the market. Coupled with the effects of increased SUV inventory over the last […] [Read More]