On Friday, KAR Auction Services announced the purchase of AuctionTrac, a company that specializes in offering satellite-based GPS technology for vehicle tracking. “This acquisition allows us to overcome what has been a long-standing obstacle in the auto remarketing industry, an efficient and reliable method for locating and tracking vehicles,” explained David Vignes, executive vice president of enterprise […] [Read More]

NADA Used Car Guide is seeing the price of smaller, fuel-efficient cars spike as the market reacts to the Japan disaster. And as such, the company said NADA values for April will reflect this increase. And if Japan cannot restore power soon, NADA Used Car Guide is predicting that these higher prices at auction on the […] [Read More]

The first quarter has been a busy one for uShip, which saw a company-record $7.6 million in vehicle and motorcycle shipping transacted on its site. That amount marked an increase of 24 percent over the fourth quarter of last year — which was uShip’s previous high — and 33 percent above 2010’s first quarter. Officials […] [Read More]

In his latest Black Book video, Rick Beggs describes dealers’ amazement in the lanes as they were shaking their heads, continuing to bid again and again to get more inventory. While supply has been slow, one newer factor possibly fueling dealers bids could be the potential lack of  new Japanese models as that country continues […] [Read More]

CLR Auto Transport launched a new division on Tuesday dedicated to commercial fleet transportation, transfer services and vehicle storage. Company officials indicated this new division will be known as Fleet Care Transport and will be headquartered at the CLR Auto Transport office in Merrillville, Ind. Fleet Care Transport intends to provide professional driver transportation and […] [Read More]

Copart recently announced that its UK subsidiary Copart UK Limited has completed the acquisition of privately held Hewitt International. Hewitt International, founded in 1946, is a vehicle salvage business with a strong focus on agricultural vehicle auctions. The purchase of Hewitt International will bring to members of www.copart.co.uk a larger range of agricultural equipment and […] [Read More]

In evaluating pricing trends in the wholesale marketplace over the past week, Black Book’s Ricky Beggs spotted a first for 2011: The values in each of the 10 car segments that Black Book monitors climbed last week. “The activity at many auctions could easily be described as amazingly strong,” said Beggs, Black Book’s managing editor. […] [Read More]

OPENLANE recently highlighted that the quarter-over-quarter growth of its online remarketing services for recovery agencies grew by more than 200 percent during the first year of operation.  Officials discovered the growth rate during the last two quarters of 2010 was 230 percent. It surged even higher since the beginning of this year to 360 percent. […] [Read More]

When looking at February’s wholesale price movements, ADESA’s Tom Kontos urges a bit of caution. While on the surface it’s clear that there was both a sequential and a year-over-year decrease in prices, these modest declines are a bit deceiving, he argued. Kontos explained that the dealer consignment climbed absolutely and proportionately, and this trend […] [Read More]

Dealers looking for inventory — especially Ford models — from the Avis Budget Group now can secure units thanks to a revamped partnership with OPENLANE. Lot management now can scour Avis Budget Group vehicles based on make, model or vehicle identification number directly from Avis and Budget locations with full condition reports provided by Alliance […] [Read More]