The Black Book Market Insights report released Tuesday had this anecdote from auction lane commentary in Georgia: “SUVs flooded the lanes today. In general, prices remained high as the stability of the market continues." Strong and stable. Such was the wholesale market last week. Wholesale prices were fairly steady, according to that Black Book report, […] [Read More]

KAR Auction Services chairman and chief executive officer Jim Hallett calls its 2011 acquisition of upstream remarketing platform OPENLANE a significant milestone for KAR “that ignited the digital transformation for our company and really, for the entire industry.” “Throughout the years, OPENLANE has continuously reset the bar for upstream remarketing through invention, innovation and signature […] [Read More]

Alliance Auto Auction was founded in Texas in 2011 and has operated four locations in the state. But Alliance’s chief executive officer Tim Adams has had a long-term goal to open an auction in Austin. He has now met that goal. Alliance Auto Auction is opening a new 35-acre greenfield facility in Austin. The auction […] [Read More]

He is a three-time world champion auctioneer who since 1974 has called bids for items such as collector cars, livestock, multi-million-dollar real estate sales and charity benefits. Paul Behr, who is president and owner of the World Wide College of Auctioneering and the World Automobile Auctioneers Championship, has conducted more than 9,000 auctions in 30 […] [Read More]

A new expansion of online vehicle auction company Copart’s Atlanta East facility in Georgia adds 20 acres to its existing 54 acres of storage capacity. Copart said in a news release that it expanded the site — at 6089 Highway 20 in Loganville, Ga. — to help meet increased demands of its Atlanta metropolitan area customers. […] [Read More]

With observers noticing some cleaner vehicles moving down the lanes, Black Book said its data showed this year’s spring market extending into a seventh week. This week’s Market Insights report also offered a glimpse into the latest specialty markets as the industry sets its target on summertime wholesale and retail activities. “Markets registered a slight […] [Read More]

Auto Remarketing has learned that longtime auto auction industry leader Jim DesRochers has died. DesRochers, who was president of the National Auto Auction Association in 2005 and a regular contributor to Auto Remarketing, passed away April 29 in Mesa, Ariz. He was 71. DesRochers, whose career in the car business ran for more than 45 […] [Read More]

Despite the Black Book Used Vehicle Retention Index now falling for five straight months, the latest reading is still 1.4% higher than a year ago. Black Book reported on Monday that the April index reading came in at 113.6, representing a 0.2% dip from the March level of 113.8. And editors pointed out their latest […] [Read More]

Vehicle sales at National Auto Auction Association-member auctions remained fairly steady year-over-year in 2018, with the projected gross of those sales up nearly 2% — this despite a 4.2% decrease in the number of vehicles entering those auctions' lanes. That’s according to the association’s annual survey released Wednesday, which found that there were 9.9 million vehicles […] [Read More]

Auto Auction Holdings has chosen Xcira as the technology provider for its four sites. Xcira will offer services such as an integrated auction management system, a dealer community, and the proprietary OnLine Ringman system for AAH’s Orlando Longwood, South Florida Auto Auction, Speedway Auto Auction of Charlotte and Music City Auction of Nashville. Xcira said in […] [Read More]