Private Equity Firm Buys Majority Stake in XLerate Group
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.
September 2, 2021
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.
September 2, 2021
iSeeCars.com analyzed over 8.5 million used car sales across the three dealer types and found that rental car dealers consistently provide the greatest savings, while local dealerships are priced close to market value and virtual dealerships are priced above market value.
September 24, 2020
If the mid-month value of the Manheim Index holds for the full month, wholesale values will have completely recovered from the March and April declines.
June 24, 2020
According to Manheim, wholesale used vehicle prices increased 5.74% in the first 15 days of May compared to the month of April. New and used retail vehicle sales show substantial gains from March’s free fall.
May 20, 2020
Nearly three in five (58%) of those planning to spend their 2019 tax refunds intend to put them toward a car purchase, the survey found.
March 8, 2020
The fully automated damage inspection portals from ProovStation can identify scratches as small as a millimeter, according to the company.
January 12, 2020
The annual program recognizes Enterprise Holdings’ automotive auction partners for their exceptional services and support efforts to remarket the company’s late-model, low-mileage, well-maintained rental, and fleet vehicles to potential buyers.
November 10, 2019
The passenger car segment was a main contributor to the the rise in used-vehicle prices in 2018.
January 4, 2019
The average value of used fleet vehicles increased 1.5% in August from the prior month and are now up 8.5% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.
September 21, 2018
Vehicles that were taken out of commercial, government, and daily rental fleets and sold at auction in July were worth 8.1% more than they were a year ago and 0.4% more than in June, according to Tom Kontos, KAR Auction Services' chief economist.
August 13, 2018
Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.
July 16, 2018
All vehicles are Avis Certified — meaning they have passed a rigorous multi-point, bumper-to-bumper inspection process completed by certified mechanics, including ASE-Certified and ASE Master Technicians.
May 11, 2018
At the ADESA Auto Auction in Mira Loma, Calif., car rental companies received updates on Toyota’s repurchase programs and attended a condition report demonstration. Photos by Chris Brown.
June 9, 2015
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