Consignor AutoBuy Adds Locations with ADESA, Manheim Partners Click to view online.

October 16, 2017
Hurricane Replacement Still Boosting Used Vehicle Prices

The average price of used vehicles model years 2012-2016 fell 0.7% in September, with the lion’s share of that depreciation coming from the car segment, according to Black Book. As of September, all vehicles are averaging a 12-month depreciation of 14.5%.

<p><em>Courtesy of AutoBuy.&nbsp;</em></p> Consignor AutoBuy Adds Locations with ADESA, Manheim Partners

AutoBuy, a used-car consignor, has opened two new locations, bringing the company’s total bricks and mortar locations to eight, and increasing its buy/sell capacity by more than 40%.

RMS Automotive Enhances PSA Group's Dealer Portal

RMS Automotive has enhanced its MOVE dealer web portal for French manufacturer PSA Group's vehicles. PSA Group uses the upstream remarketing platform in 22 countries to for Peugeot, Citroen and DS Automobiles brands.

<p><em>Courtesy of Black Book.&nbsp;</em></p> Post-Hurricane Buying Frenzy Slows Down

Although bidding activity has begun to slow down after weeks of increased lane activity after the recent hurricanes, overall segment depreciation remains at steady levels, according to Black Book’s Oct. 9 Market Insights report.

<p><em>Stevens</em></p> XLerate Taps Industry Veteran Stevens as COO

The XLerate Group has named auction industry veteran Pat Stevens as its COO. Stevens has worked in the auto auction industry for over 20 years, 14 of which have been in executive management positions.

<p><em>Courtesy of Carvana.&nbsp;</em></p> Carvana Enters Albuquerque, N.M.

Online used car retailer Carvana has expanded its next-day shipping to Albuquerque, N.M., according to a company announcement.

<p><em>Brennan</em></p> Cox's Brennan Promoted to SVP of Inventory Solutions

Cox Automotive has named Patrick Brennan as senior vice president of inventory solutions, marketplace, the company announced. He will begin in his new role effective immediately.

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