Chad Bailey, president and majority owner of Akron Auto Auction, believes that the National Auto Auction Association has a lot to offer its members — from helping them learn to become more effective leaders to figuring out ways to address the industry-wide service technician shortage and so much more in between.   In fact, Bailey […] [Read More]

It’s back to normal for the wholesale used-car market. Following a summer where both the value retention in used cars and weather were hot, Black Book is starting to see “normal patterns” for this season, as fall marches on. “Used-car depreciation rates are now showing normal patterns for this time of the year after strong […] [Read More]

Copart is moving into Germany as fast as drivers accelerate through segments of the Autobahn. Following location openings near Hannover, Leipzig and Mannheim in Germany, Copart announced this week that it will begin auctioning vehicles every other Friday from its new facility located at Furth, near Nurnberg, the second largest city of the German federal […] [Read More]

Advocacy, whether it’s addressing their needs in legislative halls or responding to the operational challenges of running an auto auction, is nothing new to NAAA.  But as the National Auto Auction Association turns 70 this year and celebrates with its annual convention in Scottsdale, Ariz., that advocacy has certainly evolved and grown throughout the past […] [Read More]

Black Book might have seen the last uptick in wholesale prices for the year. Black Book released its Used Vehicle Retention Index for October as editors pinpointed the latest reading at 116.3, which represented a 1.5-percent increase over the last 12 months (114.6) and a 0.2 percent uptick since September (116.0). Editors explained October’s used-vehicle […] [Read More]

One of the used-car industry’s top analysts has earned a promotion. Jonathan Banks of J.D. Power, who is among the many speakers lined up for next week’s Used Car Week conferences, is now the company’s vice president and general manager of vehicle valuations. Banks, whose background in the car business goes back to 1995, has […] [Read More]

Manheim has been expanding its mobile auction offerings across a wide swath of the country, with its growth moves dotting the map like the combined footprints of the ACC, Big Ten and SEC. The expansions in the mobile auction network, which span the Northeast, Midwest, Mid-Atlantic and Southeast, come amid demand from dealers and commercial consignors […] [Read More]

In some places, the coldest temperatures in months have been recorded recently. Some locations already are seeing snowflakes. And wholesale prices are cooling too, according to Black Book. Anil Goyal, executive vice president of operations for Black Book shared in the newest edition of Market Insights that, “Last week, used-car values experienced the highest depreciation […] [Read More]

It’s been great for 28 … years at Motley’s Richmond Auto Auction. The operation recently celebrated its 28th anniversary with a promotional event that offered more than 700 vehicles consigned and more than 70 percent sold. “This was another all-time record for the auction. We had more than 500 registered dealers in attendance for the […] [Read More]

The DS360 Guarantee from DealShield has been integrated with the EDGE AuctionOS platform from remarketing technology provider Auction Edge. This means that more than 100 independent auction partners of Auction Edge can now tap into the services of DealShield, which is a Cox Automotive brand providing wholesale inventory risk management. The first independent utilizing the […] [Read More]