Along with rolling out a new tool to help dealers find those “cherries” for their inventories, Black Book also released its Used Vehicle Retention Index for April showing that it remained unchanged from the previous month. Editors indicated the index stayed at 112.0, while the reading has softened by 1.0 percent over the past 12 […] [Read More]

With the event three months out, planning is in the works for the International Automotive Remarketers Alliance Summer Roundtable at the J.W. Marriott in Marco Island, Fla. This year's roundtable is set to run from Aug. 21 to Aug. 23. Registration for the event will open on Tuesday, and early registration fees will be available until July 23, IARA […] [Read More]

Wholesale growth isn’t just being experienced by corporately owned auctions as an independent operation in the Northwest is on quite a positive trajectory. Doubling its business in less than 36 months has meant a lot of hard work for the team at Dealers Auto Auction of Idaho, but facility improvements and new consignors have put […] [Read More]

Insurance Auto Auctions (IAA), a business unit of KAR Auction Services, has opened a new branch in Casper, Wyo.  With this move, IAA now has locations in all 50 states.  The company announced Friday that its new IAA Casper branch sits on eight acres of land, which provides enough room for any possible expansion in the […] [Read More]

One auction owner is putting compliance where her checkbook resides. According to a news release sent to Auto Remarketing on Tuesday, an investment group headed by Alexis Jacobs, owner of the Columbus Fair Auto Auction, has acquired ComplyNet, a 25-year-old compliance and risk management consultancy focused on dealers and auto auctions. The auction community and […] [Read More]

Copart announced Tuesday that the company has plans to add 20 acres of land to its Minneapolis location. "This new expansion adds twenty acres of land to support our clients in Minnesota," Copart chief executive officer Jay Adair said in a news release.  "We're proud to continue providing convenience and coverage to auto service providers and […] [Read More]

Though up more than 13 percent from February, the number of late-model units hitting the auction lanes in March continued what’s looking like a slowdown from 2017. According to the latest Guidelines report from J.D. Power Valuation Services, late-model auction last month was down 11.7 percent year-over-year.   While the year-to-date decline eased from February […] [Read More]

As RVI Group and J.D. Power Valuation Services each saw wholesale prices moved higher in March when compared to the year-ago readings, a forecast for how prices might behave in April is indicating that analysts might not have to switch many figures from their previous-year report. According to the newest edition of Guidelines, analysts pegged […] [Read More]

Perhaps as some dealers hesitate to bid when prices climb before the hammer falls, compact cars continue to keep ringmen busy when those units roll over the block. The latest Black Book Market Insights report showed prices for compact cars have climbed by 3 percent during the past six weeks. And Black Book executive vice […] [Read More]

BSC America's Bel Air Auto Auction announced the addition of three new consignors to the Thursday sale lineup at its new Belcamp, Md. facility. Credit Acceptance/VRS, BB&T/Regional Acceptance Corp. and Toyota Financial/Lexus Financial have begun running vehicles at the new facility this year, according to the auction. In addition to gaining new consignors, since opening in September, Bel Air has […] [Read More]