Car Auctions news and trends

New Car Sales Are Hurting The Value Of Used Cars
Economy // August 22, 2017

With car sales in the U.S. increasing for seven straight years, it is having a negative impact on used car values. According to a report in Bloomberg, citing data  from Black Book, the auto analytics company,  the average used car saw 17 percent of the...

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DriveTime Used Car, Rolls Out Auction App

April 27, 2018
To simplify car auctions, DriveTime unveiled a new mobile app dubbed Buyonic. The app seeks to streamline, automate and reinvent the auction purchasing process, the company said in an announcement. “We began piloting Buyonic with our online buyers beginning in December of last year, and it is now in use with all of our in-lane and […]

New Car Sales Are Hurting The Value Of Used Cars

August 22, 2017
With car sales in the U.S. increasing for seven straight years, it is having a negative impact on used car values. According to a report in Bloomberg, citing data  from...