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]

Richmond Auto Auction founder and chief executive officer Mark Motley says now is “a great time in the history of the company.” “The service our staff offers every day is incredible,” Motley said in a news release. “Successful events such as this one is a direct result of their hard work and dedication.” Motley was […] [Read More]

ADESA has named new general managers at two of its auction locations, with ADESA chief operating officer Srisu Subrahmanyam describing them in a news release as having proven themselves in past roles for KAR Global and “rising to new challenges and posting solid results.”  The new general managers are Angela Williams for ADESA Houston and […] [Read More]

IAA is increasing the capacity of its Davenport, Iowa, branch, a move that IAA chief executive officer and president John Kett said was done to provide additional space “to meet market demand in this region.” The company said that with the investment, the branch’s inventory space increases by more than 20%. “The Midwest is our […] [Read More]

A reimagined inspection process, an all-new inspection platform, condition reports that automatically follow vehicles across locations and an “Approvals from Anywhere” tool are among Manheim’s latest additions to its inspection and condition reporting technologies. Manheim developed the most recent advancements in partnership with vehicle inspection company Alliance Inspection Management and says the additions provide buyers […] [Read More]