Cars Outperform Trucks, Luxury Cars Continue to Falter Click to view online.


March 20, 2017
<p><em>File photo</em></p> KAR Invests $15M in TradeRev

KAR Auction Services has extended up to $15 million in credit to Toronto-based Nth Gen Software to expand TradeRev, an online dealer-to-dealer auction portal, the company announced March 16.


<p><em>Courtesy of Black Book.</em></p> Cars Outperform Trucks, Luxury Cars Continue to Falter

Luxury vehicles, which experienced the biggest depreciation change among both light car and truck segments last week, continued to struggle last week, according to Black Book’s March 13 Market Insights.


<p><em>File photo of an Auction Academy class</em></p> Auction Academy Expands Training Program

The Auction Academy is expanding its training to include commercial account representatives and dealers for the first time in its five years of existence, the continuing education organization has announced.



<p><em>Photo of Sally Saldamarco, office manager, (left) and Tony Saldamarco, sales manager courtesy of CAA.</em></p> Central Auto Auction Expanding Conn. Facility

Central Auto Auction of Hamden, Conn. will open a new vehicle evaluation center, service department that specializes in tires, and a fourth lane in 2017, the auction announced.


Stolen Manheim Milwaukee Units Involved in Accidents

Two of four vehicles stolen from Manheim Milwaukee's auction lot earlier this month were recovered after they were involved in accidents near the auction.


FLD Adds Truck Inspection Template to Inspection App

Delray Beach, Fla.-based FLD, Inc. has added an inspection template for industrial lift trucks to its OnceOVR Pro mobile app for completing vehicle condition reports, the remarketing services provider has announced.


Lease Credit Approvals Jump 33.3% in February

Car lease credit applicants registered a 72.2% approval rate in February, a 33.3% increase from January’s 50% approval rate but flat with a year ago, according to Swapalease.com.


Black Book Creates Vehicle Retention Index

Black Book will begin offering the monthly Used Vehicle Retention Index to measure the strength of used wholesale market values, the company has announced.


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