New ServeNet Exec Draws on Deep Family Auction Roots
Executive director Chris Angelicchio brings the benefits of lifelong experience and family ties with independent auctions.
Executive director Chris Angelicchio brings the benefits of lifelong experience and family ties with independent auctions.
Combined sales into large rental, commercial, and government buyers were down 30% year over year in February. Sales into rental were down 52% YOY.
The unified brand brings together a more complete array of services for light, medium and heavy-duty trucks and trailers.
The four senior vice presidents take on key roles within a much larger company since AAA was acquired by XLerate Group in December 2021.
KAR will shed debt and can concentrate on digital sales, while Carvana gains access to more cars and dealer relationships. But questions remain.
CAR 2022: The key logistical link among consignors, auctions and dealers boils down to how efficiently transport trucks roll down the road to fulfill millions of transactions.
The International Automotive Remarketers Alliance takes on the big themes and questions in the industry at this year’s Conference of Automotive Remarketing.
CAR 2022: The Conference of Automotive Remarketing panel will share perspectives on how independent auctions are handling challenges in a new industry environment.
The increased digital transactions since 2019 point to a wide embrace of online auction markets.
FastLane will be the anchor asset for EBlock to expand its reach by enabling digital dealer-to-dealer buying and selling, positioning EBlock for further reach in the U.S. Midwest.
The agreement is closely aligned with KAR’s digital strategy, and will allow KAR to focus on its portfolio of digital marketplaces.
Inventory has improved since last summer’s supply drought, but availability remains well below pre-COVID levels.
The average used-vehicle listing price dipped below $28,000. The inventory volume and days’ supply are both above last year, although sales remain low.
The latest trends in the key indicators suggest wholesale used-vehicle values will likely see further declines in the second half of the month.
Production will increase with an easing of the chip shortage later this year and sales will rise. Prices will stay high but likely off their records.
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