Black Book’s newest COVID-19 Market Update released on Tuesday described how auctions, consignors and dealers all are continuing to acquaint themselves with the “normal” within the wholesale market. Analysts are seeing more indications of a late spring market regenerating a bit as buyers adapt to relying on online technology to make inventory decisions. Black Book […] [Read More]

An upcoming CARFAX Insiders Webinar will help dealers learn how they can use history-based value to help them make more informed buying decisions and build customer confidence to boost sales. Darrell Sherwood and Robert Grill will speak at the webinar on the CARFAX History-Based Value pricing tool, and Sherwood and Grill are part of the […] [Read More]

Copart now has two locations in Utah. The global online vehicle auction company announced on Monday that it opened a new 45-acre location in Salt Lake City. According to a news release, this addition represents Copart’s second location in the state, serving the growing needs of vehicle buyers and sellers. The company also operates a […] [Read More]

Not to get too philosophical here, but as it turns out, necessity is indeed the mother of invention — and that includes the auto auction business. What started off as a “tool of necessity” for KAR Global as it rebooted auction sales in early April has emerged as another digital auction sales alternative — and […] [Read More]

The National Auto Auction Association made a pair of resources available on Friday to help members as they navigate the challenges of orchestrating sales and serving their consignor and dealership clients while the coronavirus pandemic continues. Along with an informational video, NAAA distributed an 18-page document titled, “Playbook: Auction Start-up, Response to COVID-19.” NAAA president […] [Read More]

Digital buying in the wholesale space. Manheim says a great deal of discussion is taking place about that topic. But Manheim Digital vice president Zach Hallowell says sellers need as many options as possible to liquidate inventory, as the wholesale market “continues its steady climb.” “No matter what their disposition strategy is, consignors have convenient […] [Read More]

National Auto Auction Association president Laura Taylor said Mike Browning has played a strong role in many industry programs, and she said he has been “a quiet force behind the scenes in his leadership with NAAA's Executive Committee.” In recognition of his various contributions to the industry and association, NAAA has named Browning a Warren […] [Read More]

John Kett says IAA has a long history of running a digital auction in companion with a live open auction. But Kett, who is chief executive officer and president for IAA, says the company over time conducted research and saw that customers increased their reliance on the company through digital means to bid on and buy cars. […] [Read More]

A startup virtual auto auction platform offering 360-degree condition reports said in a news release on Wednesday that its marketplace and auction platforms are open for business. That platform is called, LaneX.bid, and its founder and chief executive officer says its structure of conducting live events entirely online “provides maximum health and safety protections for […] [Read More]

Nearly halfway through May and spring might be making a comeback in the auction lanes. Multiple Black Book representatives made that assessment in the latest Market Insights report that showed a bit of a value rebound when compared to the sharp declines triggered by the coronavirus pandemic. “Values have continued to trend downward, but the […] [Read More]