Affordability is top of mind for many consumers facing budget challenges in 2026. The auto market is no different. “Know Your Buyer, Grow Your Lot”, a new research ebook from Cox Automotive, which consulted with the National Independent Automobile Dealers Association on the project, found that most car shoppers at independent dealerships are often under […] [Read More]

“Finished on solid footing.” “The bigger picture remains one of balance.” “Settled into a much more normal pattern.” “Depreciation trends returning at a measured pace.” “Expect the used market to continue normalizing.” These were all used by analysts at Cox Automotive and Black Book to describe the wholesale vehicle market in June as the first […] [Read More]

The auto world is expanding in the collector-car space, too. Barrett-Jackson recently hosted its inaugural Columbus Auction at the Ohio Expo Center & State Fairgrounds. The event featured 550 collectible vehicles that generated more than $37 million in auction sales with 100% sell-through. According to a news release, two vehicles sold for a combined $240,000 […] [Read More]

America’s Auto Auction has made its seventh acquisition of the year, announcing that it has purchased Dealers Auto Auction of the Rockies. It represents America’s first location in Colorado and follows the group’s acquisition of the auction’s sister location, Dealers Auto Auction of Phoenix, earlier this year. “This acquisition represents a meaningful step forward in […] [Read More]

Copart will have a new CEO at the end of next month. The company announced Monday that chief executive Jeff Liaw is stepping down from the role on July 31 and that executive chairman Jay Adair, who was the previous CEO, will take on the position. Liaw will support the transition as special advisor to […] [Read More]

America’s Auto Auction has a new assistant general manager at its Boston area location. And the new executive didn’t have to travel far. Joining America’s Auto Auction Boston as assistant GM is Liz Morich, who brings 25 years of remarketing experience to the role, including her most recent post as GM of ADESA Boston. Morich […] [Read More]

Black Book watched auction conversion rates drop 4% week-over-week to settle at 58% during the timeframe that ended on Saturday. Analysts explained what might have happened through its newest edition of Market Insights, which also showed overall wholesale values ticking 0.19% lower. “The wholesale market remained stable but selective this week,” Black Book said in […] [Read More]

Carvana is bringing Inspection and Reconditioning Center capabilities to its ADESA Sarasota auto auction in Florida, the online auto retailer said Wednesday. Adding IRC capabilities means more reconditioning capacity and a new inventory pool for Carvana’s national network, facilitating wider selection for retail customers nationally and faster delivery for retail customers along the Florida Gulf […] [Read More]

According to tracking by AAA, the average cost in the U.S. for a gallon of diesel fuel on Tuesday sat at an even $5, which is down by 63 cents per gallon during the past month. But it’s still way above the average of $3.67 that AAA reported a year ago. Since fuel costs are […] [Read More]

Former Manheim, America’s Auto Auction and ACV executive Matt Arias has a new role leading an auction of his own. Arias, who has been in the auction business since 1999 and was the longtime co-chair of the NAAA Auction Standards and IARA Standards Committees, is now the general manager of Mid Kansas Auto Auction. “We […] [Read More]