Service and software company AutoTec has promoted Charlie Adams to senior vice president and chief operating officer of AuctionACCESS. Adams, who joined the AutoTec team in 2011 and most recently served as vice president of business development for the AuctionACCESS product, will manage daily operations of the AuctionACCESS platform including its sales and customer support […] [Read More]

Data from the first two months of the year prompted J.D. Power Valuation Services to revise its wholesale price forecast for 2019. And depending on the state of your dealership, the updated prediction could be valuable information to help sharpen your used-car strategy. “With January and February’s weaker-than-expected performances, 2019’s outlook has worsened,” J.D. Power […] [Read More]

Yes, you’re correct. There are more vehicles flowing down the lanes nowadays. J.D. Power Valuation Services reported in the latest edition of Guidelines that auction volume in February for units up to five years in age increased by 7.3 percent year-over-year. As a result, analysts determined year-to-date wholesale volume is now 9.1 percent above the […] [Read More]

Projecting residual values is a complicated process made even more intense with the depth of features and technology in new vehicles coupled with other market factors in play. Describing how ALG handles those challenges, Nick connected with vice president strategic initiatives Alain Nana-Sinkam for a discussion during NADA Show 2019 about the future of residual-value […] [Read More]

According to details shared with Auto Remarketing this week, five operations have received accolades for 2018 performance through the Ford Auction Service Award Program (ASAP). The Ford ASAP is a competitive, performance-based program that monitors and rates Ford-sponsored auctions on their operational efficiency of Ford-owned vehicles throughout every step of the auction process. These steps include […] [Read More]

America’s Auto Auction president and chief executive officer Ben Lange announced the acquisition of Greater Boston’s Lynnway Auto Auction today.  “We are extremely pleased to welcome Lynnway Auto Auction, and its team led by Jim Lamb, to America’s Auto Auction. Jim and his staff are of the highest caliber with a proven track record in […] [Read More]

According to a news release distributed on Tuesday, Sagent Lending Technologies announced its 2018 Auction of the Year award winner. At the start of each year, Sagent analyzes the prior year’s performance metrics for all of its auction partners, awarding the top performer with the designation of Auction of the Year. And receiving the latest […] [Read More]

Copart’s addition of 18 acres to its location near Austin, Texas, is a move that the company says addresses its “substantial growth” in business for that area. The property — at 8725 N Interstate 35 in New Braunfels, Texas — is historically significant for the global online vehicle auction company. Copart purchased it in 1999. In […] [Read More]

RumbleOn is an e-commerce company that uses technology to help dealers and customers buy, sell, trade, or finance pre-owned vehicles through one online location. Expanding its partnership with Manheim into Fontana, Calif., RumbleOn notes that its distribution network from California to Washington, Pennsylvania and down to Florida, now hits all corners of the United States. […] [Read More]

The spring market is starting to bloom at the auction. This week’s edition of Black Book Market Insights report included slowdowns in vehicle value decreases as well as rising sales percentages, especially if trucks and SUVs were included in the lane. “The first sign of the spring market showed up last week with mid-size cars […] [Read More]