During his last quarterly conference call on behalf of Cox Automotive, chief economist Tom Webb on Friday covered a wide range of used-vehicle topics, including an update on the Manheim Used Vehicle Value Index. Webb explained that wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) declined 0.5 percent in March, relative to February.  […] [Read More]

Copart on Friday launched the newest version of the Copart Mobile App, available for Apple iOS and Android devices. The Copart Mobile App is designed to give buyers the ability to attend Copart’s live auctions from anywhere. With this new update, Copart said buyers will enjoy a faster, easier user experience. “Each new iteration of […] [Read More]

America’s Auto Auction is growing again with its second major acquisition announcement so far this year. The company added two more auction locations:  West Michigan Auto Auction in Wayland, Mich., and Interstate 94 Vehicle Auction in Parma, Mich. Both facilities were sold to America’s Auto Auction by Carl Miskotten, who will stay on as general […] [Read More]

KAR Auction Services announced on Wednesday that it has brought on Thomas Fisher to oversee the company’s information technology strategy, operations and activities as executive vice president and chief information officer. Fisher was most recently ‎senior vice president of cloud operations and general manager of Genesys, a global leader in customer experience platform solutions. Working […] [Read More]

On track to complete its five-year, $17 million investment in its four southern California auction locations in 2018, Manheim this week highlighted how dealers and commercial consignors are already benefitting from what the company says is a simpler, faster and easier client experience. Manheim emphasized that enhancements to its physical and digital properties at Manheim […] [Read More]

As online bidding evidently intensified, Black Book also noticed the price strength of cars continued last week. The latest Black Book Market Insights report showed that overall car values, when looking at volume-weighted data, appreciated slightly by 0.09 percent last week as opposed to the average weekly depreciation rate of 0.19 percent seen during the […] [Read More]

Black Book announced on Tuesday that its vehicle valuation insights are now available to eAutoAppraise dealer partners because the company now serves as the online trade-in solution’s new trade appraisal engine. “We’re excited to partner with eAutoAppraise, a superior online appraisal engine that offers dealers a chance to close more deals quicker and make strong profit margins,” […] [Read More]

In what we’re proud to call an annual tradition, Auto Remarketing publishes a special issue to recognize the leading women of the remarketing and used-car business: our Women in Remarketing issue.  Each of the leaders honored in our Women in Remarketing program takes on different responsibilities within the industry, and the companies they represent encompass a diverse […] [Read More]

Insurance Auto Auctions announced on Wednesday that it has adopted and launched an updated vehicle details page on IAAI.com to streamline customer access to vehicle information. The new page has up to 320 additional VIN details and comprehensive Hollander Interchange parts data, which helps car buyers estimate vehicle value more quickly and make better-informed bidding […] [Read More]

The demand for cars — especially units that could be retailed to potential buyers on the lower end of the credit spectrum — continued to be the topic in both the lanes and among Black Book editors last week. The latest Black Book Market Insights report shows both car and truck segments retaining their values […] [Read More]