With gross sales of $67 million and an accounted attendance of 1,750 dealers, DAA Northwest’s latest annual Rock & Roll Sale this summer notably outdid all previous years, the company announced Sunday. Along with a long-awaited performance from Rock and Roll Hall of Famer John Fogerty, the sale brought in a total of 5,047 consigned […] [Read More]

As the industry turns its collective calendar to August, Black Book is seeing wholesale prices staying “unusually strong” for this time of year. The latest Black Book Market Insights report showed how cars held better retention overall than trucks this past week with prices for sporty cars again increasing slightly. “The used-vehicle market values remain […] [Read More]

Increases in vehicles coming off leases. Better technology within the selling process. A more digital-first buyer. The need to manage residual risk. It’s such phenomena as these that have led to what auto industry consultant Maryann Keller describes as “more sophisticated remarketing,” where data analysis, cost management and new sales avenues coalesce in scientific wholesale […] [Read More]

Insurance Auto Auctions announced Tuesday that it has concluded building its 11th Florida branch facility in Pasco County. This announcement comes just days after IAA announced that it opened a newly relocated Wichita, Kan., branch on Friday. Located about 45 miles north of Tampa, not only does IAA’s newest Florida branch expand the company’s footprint in the […] [Read More]

Black Book looked to put some data and analysis toward questions used-car managers might be asking. On Monday, editors made available a new analytics-driven report that looks at why certain vehicle models were discontinued over the last several years, and how they’ve retained their values since discontinuation. Black Book examined 12 models, including: — Mazda […] [Read More]

Dealers buying on TradeRev from sellers in certain states can now make the most of free vehicle transportation, the company announced Thursday. TradeRev and fellow  KAR Auction Services business unit CarsArrive Network have teamed up to run a cross-country promotion that gives buyers from sellers in qualifying states free TradeRev vehicle transportation. In a part of the program that started July […] [Read More]

After a successful pilot program, Manheim announced today its seller-focused mobile app Manheim Express is now available nationwide.  The app is free to download on Apple, and will be coming to Android later in the fall. The company shared that as upstream and digital sales channels continue to become more prevalent in the industry, Manheim […] [Read More]

Compact-car prices have stayed strong for much of the year, but Black Book editors noticed these particular vehicles took a bit of dip.   This week’s Market Insights report from Black Book showed that while cars and trucks overall saw very similar depreciation last week, compact cars saw what editors called a “big drop” compared […] [Read More]

Country music’s Big & Rich duo will hit the stage at KCI Kansas City’s annual Guitars and Cars sale this August. In a newsletter update, ServNet Auction Group said that KCI Kansas City first announced that Big & Rich’s William "Big" Kenny and John Rich would join its annual sale to a crowd of dealers earlier […] [Read More]

KAR Auction Services Inc. revealed Tuesday morning it has become the first remarketer to join the Mobility Open Blockchain Initiative, also known as MOBI. As the first remarketer, KAR joins what is described as a member-driven consortium of global automotive industry leaders, the goal of which is to explore blockchain tech use in the “digital […] [Read More]