The experts at Black Book and J.D. Power Valuation Services are seeing a wide array of factors ranging the juncture of the calendar to fuel costs to volume in the lanes all impacting their forecasts and most recent wholesale price recaps. Before looking at what happened at last month as well as last week throughout […] [Read More]

Though it is currently a bit softer than year-ago figures, overall auction volume should exceed 2017 levels “soon,” according to the latest Guidelines report from J.D. Power Valuation Services. The report released this week is updated through the year’s first five months. It found that overall auction volume is down 0.7 percent. However, that could […] [Read More]

Students in the Auction Academy's fifth class are done with half of this year’s training and development agenda for the two-year program, having already attended multiple sessions in Dallas and Birmingham, Ala., this year. In addition to beginning Certified Automotive Remarketer certification training last month, Auction Academy students got an opportunity to visit America’s Birmingham Auto Auction and ADESA Birmingham. […] [Read More]

Amid a backdrop of companies in the wholesale automotive space investing in mobility, Manheim opened a 20,000-square-foot Retail Reconditioning facility at its San Francisco Bay location on Wednesday that will serve new vehicle mobility providers, along with the auction company’s more traditional customer base of dealers and commercial consignors. The $500,000 facility is part of a […] [Read More]

DAA Seattle has appointed a new assistant general manager with human resources experience, the company announced Monday. Chosen for the position is Brian McConkey, who joined the auction in 2013. Prior to joining DAA Seattle, McConkey spent time at Nordstrom, where he worked in corporate human resources at the company’s downtown Seattle flagship store. Furthermore, […] [Read More]

Temperatures are rising nationwide with the first official day of summer coming soon, but prices on certain cars and trucks keep dropping noticeably as auctions and dealers enter the summer months. However this week’s Black Book Market Insights report indicated a few segments, such as sporty cars and compact vans, have remained strong during the […] [Read More]

ARI recently honored five of its best-performing auction partners based on scorecard metrics such as days to sell, days to write a condition report, days to fund and days to pick up. ARI added that the company changed its scorecard format by sending to auctions monthly and added a new metric for days to remove […] [Read More]

ADESA, a business unit of KAR Auction Services, announced Tuesday that it has named new general managers at ADESA Chicago and ADESA Fresno. The company has promoted Matt Itami from ADESA Flint to head its Chicago location and appointed ADESA Los Angeles’ Cheryl Toler as new GM at ADESA Fresno. These promotions follow news from April […] [Read More]

In an effort to respond to severe weather events along the United States' North Atlantic coastline, Copart has opened a new North Carolina location that will function as a catastrophe response facility where vehicles collected during times of crises will be stored. The new Copart Lumberton location sits on 90 acres of land and is located just […] [Read More]

On the surface, managing the total cost of ownership for vehicle fleets seems like a fairly straightforward calculation: Buy the right vehicles at a discounted price with low depreciation rates, take good care of them, maybe recondition them a bit before sale and wholesale them off as quickly as possible. Then, start all over again. In […] [Read More]