ACV made four acquisitions last year and two the prior year. Those purchases included the likes of Indiana Auto Auction, 166 Auto Auctions and Alliance Auto Auction. But the expansion strategy for 2025 will look a little different ... [Read More]

Element Fleet Management and Blackstone Credit & Insurance announced they have have entered into a strategic funding relationship, in which funds managed by Blackstone through its Infrastructure & Asset-Based Credit group are providing capital involving a portfolio of Canadian fleet lease receivables valued at approximately $500 million Canadian. “Element is committed to optimizing our funding […] [Read More]

The electric vehicle (EV) market continues to show continued growth, driven by consumer demand for environmentally friendly transportation options and supported by government incentives. As of the fourth quarter of 2024, used EV sales have surged by 62.6% compared to the previous year, according to Cox Automotive, making them a highly sought-after commodity for auto […] [Read More]

SIXT USA has continued to grow its footprint. But this time, it is related to general operations of the rental car company. On Tuesday, SIXT announced it’s planning to open a new office in Tulsa, Okla. As part of SIXT’s global strategy to enhance capabilities in key markets around the world, the company highlighted the […] [Read More]

If you’re looking for automotive gossip, the wholesale market likely isn’t the place for it at this juncture. Overall prices softened by 0.33% last week, according to the newest Market Insights from Black Book. That value movement is within 4 basis points of a week earlier and the average spotted during the same week in […] [Read More]

The National Auto Auction Association’s Cybersecurity Task Force says auctions need to beware of cockroaches. But not the insect kind. The task force’s latest educational resource provides examples of real-life incidents to spread awareness of cybercrime and fraud, while also showing NAAA members how to protect their businesses from persistent criminals. “There are many bad […] [Read More]

Black Book reported wholesale values softened by 0.36% last week, a reading consistent with the previous week and the average spotted during the same week before the pandemic. However, analysts are bracing for impact of the much-ballyhooed tariffs orchestrated by President Trump. “Despite the uncertainty introduced into the market last week due to the president’s […] [Read More]