Unless you’ve been living under a 2-ton truck, you likely haven’t missed the news that leasing hit a high during the first quarter this year, surpassing 30 percent of all new-vehicle transactions. Given that information, you’ve likely thought about what happens as all these off-lease vehicles start returning to the market in droves. Here at […] [Read More]

ADESA has promoted two within its dealer services team. C.J. Lopez, previously major dealer accounts manager, has been promoted to director of major dealer accounts. Kjersta Loyd, formerly general sales manager of ADESA Golden Gate, has been promoted to regional dealer sales manager for the Mideast/Midwest regions. Both positions will report to Steve Dudash, vice president […] [Read More]

Global online vehicle auction company Copart has announced the expansion of its Houston location. “For Copart, the saying of ‘everything is bigger in Texas’ rings true for us, especially this year. Expanding our Houston location is just one of many indications of our growth in this great state,” chief executive officer Jay Adair said in […] [Read More]

KAR Auction Services business unit Insurance Auto Auctions rolled out its newest offering on Tuesday, something the salvage auction company is calling IAA Express Notary. Officials highlighted this service allows for the electronic assignment of title documents in an attempt to shorten the cycle time significantly for total loss settlements. This tool is the newest […] [Read More]

In a Black Book graph showing year-to-date used-vehicle value movements, the trend line for trucks shows more waves than the line for car segments. But lately, both are consistently moving downward, the company said in the latest Black Book Market Insights report. “Both car and truck segments are starting to show a consistent depreciation rate […] [Read More]

Steve Burrows has joined the management team of North Bay Auto Auction as fleet-lease director of remarketing. He will take the lead in representing North Bay Auto Auction to regional and national commercial accounts.  "We are very happy to welcome Steve Burrows to North Bay Auto Auction," Don Morrow, president and chief executive officer of […] [Read More]

For dealerships in both the U.S. and Canada looking for certified pre-owned inventory, General Motors Financial is hosting a series of wholesale events where used-car managers might be able to find exactly what they seek. GM Financial recently kicked off its annual elite sales series, which can give dealers exclusive access to hundreds of the […] [Read More]

Cox Enterprises on Monday announced the completion of solar projects at its Manheim Nevada auction facility in North Law Vegas as well as its Cox Communications facility in Las Vegas. Together, the solar installations produce 1,523 kW of clean energy — enough to power 238 homes — and are expected to prevent more than 1,700 […] [Read More]

Copart, is expanding one of its locations in the Dallas-Fort Worth area. The company announced Thursday that it would be expanding its location in North Fort Worth, to better facilitate the location’s weekly online auctions. This location is one of four in the Dallas-Fort Worth area. "We are very proud our team's continuous hard work that accommodates […] [Read More]

Officials highlighted IsItFrame — the service offered by the National Auto Auction Association through AutoIMS — is now available as an on-demand, system-integrated Web service. With time savings in mind, AutoIMS created this new Web service offering to allow auction management systems and Internet-connected CR-writing applications to automatically retrieve an answer from the IsItFrame database. […] [Read More]