KAR Auction Services is pulling in $820 in fees per transaction at its ADESA auction locations. However, says chief financial officer Eric Loughmiller, only half of that amount is the auction fee. The rest?  “That’s the value-added services we’re able to drive off of those locations,” Loughmiller said by phone shortly after the company’s latest […] [Read More]

With Cox Automotive’s sizable data assets, RMS Automotive has created a new AI-powered Optimization product suite and will develop a vehicle recommendation engine for dealers. Driven by robust data assets from parent company Cox Automotive, RMS’s fresh Optimization product suite can provide clients with vehicle-specific insights that can help them increase their operations' profits and residual […] [Read More]

There was a 15.1-percent month-over-month drop in late-model auction volume in April, but comparisons with last year are starting to even out a bit, according to the latest Guidelines report from J.D. Power Valuation Services. April’s late-model auction volume was down 1.6 percent year-over-year, with year-to-date figures down 2.8 percent, according to the report. Compare […] [Read More]

While analysts noticed April’s wholesale price movements went in a direction not seen during that particular month in seven years, the team at J.D. Power Valuation Services is projecting the change in May prices won’t be as dramatic as seen a year ago. According to the latest installment of Guidelines, J.D. Power Valuation Services is […] [Read More]

Copart has cleared the estimated over one million abandoned scrap tires that the company pledged to remove from the former San Antiono tire disposal site it just acquired in January. It has only been about five months since the company promised to fund and oversee the clearing of the 36 acres of land that housed the former Safe Tire Disposal Corp. […] [Read More]

Black Book has made the call. Spring market 2018 is finished. This week’s Black Book Market Insights report included that declaration as well as reinforcement of that stance coming via what representatives spotted in the lanes nationwide. “The spring market season is over as values show mild declines across the board. Mainstream sedans have been […] [Read More]

The National Auto Auction Association (NAAA) has named its United Kingdom counterpart a Warren Young Sr., Fellow. NAAA announced recently that the National Association of Motor Auctions (NAMA) is the first association to join a small group of 100 other individuals and companies who have received the lifetime distinction of being named a Fellow. Cherokee Media […] [Read More]

Black Book recently shared its latest analysis that shed light on exactly how much of an impact the spring market generated this year. According to Black Book data, the average price of a used vehicle for model years 2012 through 2016 increased in value by 0.3 percent during April, fueled by a strong spring selling […] [Read More]

Donlen has brought aboard a new senior vice president to oversee company strategy for new business development, client retention and sales force effectiveness. The company announced Thursday that it has chosen Greg Hawes to serve as Donlen SVP of sales and client relations. Hawes brings over 20 years of leadership experience developing go-to-market strategies designed […] [Read More]

Call it sales efficiency. Though there was a slight decrease in the number of vehicles entering auto auctions last year, the members of the National Auto Auction Association actually sold more cars than they did in 2016 and at a higher price tag.  Just over 10 million vehicles were sold at NAAA-member auctions in 2017, […] [Read More]