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The deal will diversify Ritchie Bros.' truck, construction, and farm equipment customer base by providing it with a larger presence in the vehicle remarketing vertical that has strong industry fundamentals with proven growth.
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An increasing number of flood-damaged vehicles are returning to the used market across the country, and increasingly in states where flooding might not be top of mind, according to new data from Carfax.
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After the heavy rains brought by Florence to the Carolinas stopped, estimates about the number of vehicles that were destroyed by the storm began to roll in that made it clear the storm would have far less of an impact that the pair of storms that reached Texas and Florida a year ago.
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Salvage auction specialist Copart has acquired Autovahinkokeskus Oy, a salvage auto auction company based in Finland, the company announced.
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While the effect that Hurricane Irma had on Insurance Auto Auction's and Copart's operations in Florida was relatively mild, Houston was a different story.
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Preparations for Hurricane Irma had been made long before the hurricane made landfall in Florida.
Read More →There are more than 3,000 federal and state laws and regulations prohibiting unauthorized dissemination or access to employee personally identifiable information (PII). However, employee privacy is sometimes inadvertently compromised by fleets. The reason this occurs is because the PII that was electronically captured by the out-of-service fleet vehicle is not deleted.
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A single fatality accident can cost a fleet as much as $7.2 million. There are concrete steps fleet managers can take to prevent crashes, minimize the costs of those that do occur, and recover some funds. The key is following best practices.
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The CEI Group, Inc. has implemented enhancements to its salvage recovery technology that speed the process and further assure that clients will get the best price for their total-damage vehicles.
Read More →RICHMOND, VA – Virginia Governor Bob McDonnell has approved a bill that amends the state’s salvage vehicle laws. The new law, which goes into effect on July 1, adds a new type of vehicle classification – a “repairable vehicle” -- along with an exemption that lets insurers dispose of such vehicles at auction without having to apply for a salvage title certificate.
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