In recognition of outstanding public service, the Kansas City Independent Auto Auction (KCIAA) has been named the National Auto Auction Association’s Western Chapter Auto Auction of the Year. The auction was chosen for its fundraising and volunteer efforts to assist disadvantaged children and their families, the NAAA announced Monday. KCIAA was also a finalist in […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up is Becca Polak, who is the president of TradeRev and the chief legal officer and secretary at its parent company, […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up is Brenda Aden, general manager of ADESA Las Vegas.  Auto Remarketing: What’s the typical week like at your auction, if […] [Read More]

As Auto Remarketing reported, the July seasonally adjusted annualized rate for used-car sales hit the highest point for the start of a third quarter in six years. That sales pace Cox Automotive highlighted as well as the recent lane activity Black Book recently witnessed appear to be fueling a wholesale market turbine that’s pushing one […] [Read More]

The National Auto Auction Association’s Standards Training Program is gearing up to host a two-day-long vehicle inspections and arbitration training session in Canada this September. In just a few weeks, classes are scheduled to be held on Sept. 6 and Sept. 7 at Manheim Toronto, according to NAAA. Classes will be instructed by Manheim director of […] [Read More]

While experts are seeing a softening of consumer interest in new cars, Black Book is noticing the values for traditional two-door and four-door vehicles are keeping wholesale prices stronger than what’s typically witnessed during the summer. More evidence of current trends arrived on Monday through Black Book, which released its latest Used Vehicle Retention Index. […] [Read More]

On each day of this year’s upcoming National Auto Auction Week, a 2018 Chapter Auction of the Year Award winner will be announced as a finalist in the running for NAAA’s Auction of the Year Award for Excellence in Community Service. In a recent letter to NAAA members, National Auto Auction Association president Warren Clauss […] [Read More]

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]