ServNet auction owners gathered for their fall business meeting earlier this month in Dallas, and in the process decided on the leader who will be its president for the next two years. Taking on the role of president is Bruce Beam, general manager of Dealers Auto Auction of Oklahoma City. Beam succeeds Eric Autenrieth of […] [Read More]

United Road used the acquisition route to expand its operations on Monday. United Road, in partnership with its owners, The Carlyle Group, and other investors, announced the acquisition of Team Drive-Away (TDA) and its affiliates Driveaway USA and Fr8 Management from CID Capital. Based in Olathe, Kan., TDA is a national non-asset-based commercial vehicle logistics […] [Read More]

Two wholesale market trends are continuing to gain momentum, according to the latest Black Book Market Insights report. Analysts pinpointed the momentum’s source: Dealers are passing on a growing number of vehicles in the lanes, and it's pressuring prices to soften. “Values of car and truck segments declined at a similar rate last week. The […] [Read More]

As one of its divisions celebrates its 20th anniversary of operations, KAR Global welcomed three additions to its board of directors in an effort to expand diversity and cross-industry expertise. The newest board members include Stefan Jacoby, David DiDomenico and Mary Ellen Smith. KAR Global highlighted Jacoby has more than 30 years of automotive industry […] [Read More]

Trucks and SUVs are designed to carry a variety of things, from flea market finds to raw materials for countless projects. And apparently those units carried overall wholesale price movements in September, too. According to KAR Global Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, overall prices in September averaged $11,155. […] [Read More]

The National Auto Auction Association elected a vice president for the 2019-2020 term, choosing R. Charles Nichols for the post. Nichols, who is the president of BSC America Auction Group and general manager of Bel Air Auto Auction, was installed into the VP role at the NAAA Convention earlier this month. “Charles brings to this […] [Read More]

Kesler-Schaefer Auto Auction has been a big part of Steve and Mary Ann Kesler’s lives. Steve’s grandparents founded the company in 1943, and Steve grew up in the business. About a decade after Steve married Mary Ann, she began her career at the auction in 1998, and they now oversee an operation that runs 1,000 […] [Read More]

Late-model vehicles are continuing to depreciate annually at a little more than 1% per month, according to the latest Black Book data. Analysts reported this week that the average price of a used vehicle for model years 2013 through 2017 decreased in value by 1.0% during September, with cars softening by 1.1% and trucks dipping […] [Read More]

Dealers appear to be hesitant to hit the buy button online or raise their hand in the lanes, and wholesale values are reflecting the behavior. Analysts arrived at those conclusions and shared more in the latest Black Book Market Insights report that mentioned values softening at higher levels than seen during the previous four weeks. […] [Read More]

How can the multi-channel remarketing innovations that commercial remarketers have been migrating towards and that we’ve all been reading about help the dealer and wholesaler community?  While the remarketing industry is one that contains a diverse base of sellers, an increasingly innovative and multi-channel set of remarketing options and an increasingly diverse group of buyers, most […] [Read More]