XLerate Group Buys Auto Auction in Louisiana
The regional acquisition expands the independent auction group's fixed site and mobile sales portfolio.
The regional acquisition expands the independent auction group's fixed site and mobile sales portfolio.
The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
August figures show sales into rental increased 118% year over year in August and are up 7% compared to the same time period last year.
A solution from Tractable accelerates any process in which inspecting a vehicle’s condition is required, from purchasing or selling, returning a rental or lease, to recycling parts at end-of-life.
The automotive remarketing sector is seeing big changes due to an increased use of technology, evolving vehicle mix and shifting expectations from buyers and sellers.
The third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
The IARA Summer Roundtable conference balanced a look back at successes while confronting industry challenges ahead.
In its 20th anniversary year, the International Automotive Remarketers Alliance showcased some of its most accomplished industry professionals.
KAR expects to be immediately profitable across its North American dealer-to-dealer platforms while enhancing its position in the highly fragmented wholesale used vehicle market.
A simple camera system enables auction operations and dealers to market and sell vehicles at any point after a quick 360-round photo session.
High prices and relatively tight inventory keep more buyers at bay.
The average listing price reached $25,500 as July closed, after surpassing the $25,000 mark for the first time ever in June.
Tight new-vehicle supply puts upward pressure on new-vehicle transaction prices. Affordability hits 10-year low in July.
Maria Acuna, the comptroller at Big Valley Auto Auction where she had worked 13 years, passed away on Aug. 14 at age 47.
The mid-month Manheim Used Vehicle Value Index is still up 18% year over year.
The 2019 International Automotive Remarketers Alliance (IARA) Spring Roundtable was co-located with the 2019 Conference of Automotive Remarketing at the Caesars Palace Las Vegas.
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