Dealers Auto Auction Group continues to spread its reach throughout the Southeast. The company announced that it has purchased Tri-Cities Auto Auction in Bluff City, Tenn. A news release indicated the auction will be renamed Dealers Auto Auction of East Tennessee.  The facility operates with four lanes along with detail and mechanical departments and offers […] [Read More]

When it comes to tackling burdensome operational costs, the updated automotive auction management system from Xcira can help auctions access valuable streamlined, mobile operations at auction sites. Version 6.5 of Xcira’s Cubed AMS product has been integrated into Xcira’s Cubed Platform with added features such as new mobile interfaces, reports and an accounting module, the […] [Read More]

Alan Mulally, who was Ford Motor Co.’s president and chief executive officer from 2006 to 2014, will be a keynote speaker at the National Auto Auction Association’s annual convention in November, the trade group said Tuesday. Mulally’s keynote presentation will be during NAAA’s opening luncheon Nov. 14, and it will be followed by a moderated […] [Read More]

With the Fourth of July holiday within striking distance, Black Book is seeing typical depreciation patterns common for this time of year. Editors noted in this week’s Black Book Market Insights report that overall depreciation remained in check as prices for a handful of car and truck segments were unchanged or even increased a little. […] [Read More]

Used-car prices remain “stronger than expected” and have edged up from year-ago levels. But they could fall by nearly 6 percent over the next two years, according to the latest RVI Quarterly Risk Outlook report, which cited a plethora of inventory and incentives as the key drivers. As for the latest pricing activity, May’s real […] [Read More]

At 78 auction locations, Manheim has invested $400 million to bring its dealer clients simpler transactions and processes. The auction company announced Monday that, with these upgrades, dealers now have access to tools and self-service options for their businesses that are designed to help them work more efficiently and make smarter decisions. “The whole heartbeat of what we were doing […] [Read More]

The National Auto Auction Association (NAAA) has invited auctions to take part in this year’s NAAA Auction of the Year Award for Excellence for Community Service contest. Auctions can now nominate themselves or auction group members for honorable volunteer efforts easily from NAAA’s website. In addition to winning $25,000 to gifted to any charity of choice, […] [Read More]

Prior to being acquired by KAR Auction Services 14 months ago, DRIVIN was largely focused on the dealer side of the market and the downstream piece of wholesale — or “wholetail,” as co-founder Kayne Grau put it. At that time, the young Chicago-based company was geared toward using data to aid dealers in vehicle selection and optimizing […] [Read More]

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]