AutoTec has added a new provider to its AuctionACCESS floor plan platform. The company announced earlier this month that XL Funding has been integrated into the platform, which gives XL Funding the ability to automatically send updated credit availability and flooring request messages to auctions that subscribe to AuctionACCESS. “With this integration, AuctionACCESS is now […] [Read More]

Amid the NAAA Convention during Used Car Week in Scottsdale, Ariz., DealShield announced its purchase protection solution will now be available for dealers and buyers at Lake Charles Auto Auction.  The Lake Charles, La., facility marks DealShield’s 40th independent auction. DealShield’s DS360 Guarantee, which helps dealers protect their purchases and return vehicles for any reason, […] [Read More]

ServNet chief executive Pierre Pons is tired of hearing online auction companies referred to as “disrupters.” He believes independent auction technologies such as Auction Edge, and the independents’ embrace of technologies such as OPENLANE and DealShield, show that the traditional auction companies can be strong competitors with the technology “disrupters.” “We are every bit as […] [Read More]

Big auction chains Manheim and ADESA are seeing their traditional business models upended and are working to address dealers’ changing wholesale vehicle buy-sell needs. Challenging auctions is the quickening drive to all things digital. As digital auction sources proliferate, dealers can buy and sell remotely, never having to set foot in a physical lane. This […] [Read More]

Before I hopped on a plane for my first trip to Arizona some 16 years ago,  I remember it being chilly, rainy and in the middle of a college semester back home in Raleigh. So, a week of spring-like warmth and Spring Training baseball in the Valley of the Sun was as good (and relaxing) […] [Read More]

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]