Autumn officially arrived on Monday, and perhaps dealers might start to see wholesale prices cooling in the lanes, too, if the latest Black Book Market Insights report is any indication. Analysts spotted overall price decreases last week for both cars and trucks at greater rates than the previous four-week average. Along with fall’s arrival, Black Book […] [Read More]

More trucks and SUVs moved down the lanes in August, and KAR Auction Services chief economist Tom Kontos detailed how that change in volume mix impacted wholesale prices. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale used-vehicle prices in August averaged $11,244, which was 1.8% lower compared […] [Read More]

Two of the largest salvage auction companies are in different stages of their journeys as publicly traded companies. One on its way toward a first anniversary; the other breaking out silver to celebrate. For IAA, it’s taking its first steps being public after completing the spin-off from KAR Auction Services earlier this calendar year. For […] [Read More]

Cox Enterprises executive vice president and chief people and operations officer Jill Campbell says that Cox Enterprises has cultivated a unique culture that has empowered employees, invested deeply in communities and broken new ground in cutting-edge industries for more than 120 years. Commenting on the appointment of John Kovac as senior vice president, brand, marketing […] [Read More]

The Stanley-Autenrieth Auction Group, which includes Indiana Auto Auction and Carolina Auto Auction, has purchased the Fort Wayne Auto Truck Auction in Indiana. As part of the move, which was effective Sept. 13, Fort Wayne’s consignment and sales are being merged into Indiana Auto Auction. Both the Fort Wayne and Indiana auctions are in Fort Wayne, […] [Read More]

In celebrating the grand opening of its Lexington, S.C. facility on Sept. 11, IAA said the facility will help accommodate increased customer capacity demands. However, the facility, which is IAA’s fourth branch in South Carolina, will “strategically enhance” IAA’s ability to serve the hurricane-prone Atlantic coastal region. “We are pleased to open this branch, which […] [Read More]

With consumers looking for affordable transportation, demand for compact and midsize cars is generating enough price movement to influence overall wholesale market metrics, according to the latest installment of Guidelines from J.D. Power Valuation Services. Analysts reported data through August that showed used-vehicle prices are 2% higher on average than during the same eight-month period […] [Read More]

You’re a car dealer attending a conference on certified pre-owned in Las Vegas, and then an auto auction sale breaks out. While perhaps not as simple as that description, Fiat Chrysler dealers got to experience something similar at FCA’s inaugural national CPOV dealer meeting earlier this week. ADESA teamed up with FCA for a pilot […] [Read More]

Mark Anderson says strategic acquisitions over the past six years have resulted in an expanded U.S. and Canada footprint for finished vehicle logistics provider United Road. That has allowed United Road to open new markets and expand capacity, said Anderson, who is president and chief executive officer of the company. “Having a strong relationship with […] [Read More]

Greg Mahugh has played an important role in many auction industry programs, and he has been “a quiet force behind the scenes” in serving the National Auto Auction Association’s legislative and political action committees, said NAAA president Chad Bailey. “And although he’s retired from the McConkey Auction Group’s day-to-day operations, Greg continues to serve on […] [Read More]