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]

Texas Lone Star Auto Auction – Lubbock, part of the XLerate Group Auctions, held a successful first mobile sale featuring Don Chalmers Ford of Rio Rancho, N.M. last month, and has added the New Mexico dealership to its roster of mobile sale sites.  The auction said that 100 percent of the inventory at the auction’s […] [Read More]

While brick-and-mortar auction houses might be a more comfortable marketplace for some, when it comes to obtaining profitable used vehicles priced $12,000 and below — the best deal might just be online. Dealers who want to be sure they have turned over every stone in search of inexpensive vehicles can take advantage of all upstream closed online […] [Read More]

Columbus Fair Auto Auction added another piece of hardware to its trophy case this week. In a ceremony prior the start of Wednesday’s sale, CFAA was awarded Ally Financial’s Auction of the Year Leadership Award for 2017. The award recognizes the auctions’ overall sales, performance and growth for the year. This accolade marks the third year […] [Read More]

Cox Enterprises, the parent of Cox Automotive, has named Maury Wolfe as its new senior director of corporate social responsibility and public affairs to lead both community and employee-action programs that support the company’s sustainability program — Cox Conserves. Most recently, Wolfe worked for the InterContinental Hotels Group (IHG), where she oversaw sustainability across more than 5,000 hotels as […] [Read More]

How this year’s atypical spring market is unfolding left its stamp again on Black Book’s latest depreciation update. According to Black Book data, the average price of a used vehicle for model years 2012 through 2016 depreciated in value by 0.4 percent, an improvement from February’s level of 1.1 percent due to a continued stronger-than-expected spring […] [Read More]

This year’s Barrett-Jackson Palm Beach Auction brought a total of $39.4 million in sales, as well as a record-breaking more than 700 new bidders. Barrett-Jackson announced this week that along with selling a total of 692 vehicles that brought in more than $38.3 million, 380 pieces of automobilia and the sale of charity vehicles raised […] [Read More]

How odd has this spring been? Well, an entire weekend of Major League Baseball action was postponed because of significant snow in Minnesota, and it has been cars not trucks that are leading overall wholesale market price changes. So the answer is — pretty weird.  This week’s Black Book Market Insights report reiterated how certain […] [Read More]

You could say cars really “took off” when they went over the block at a “soaring” special event Manheim recently hosted. Emphasizing that it is easy for dealers to buy and sell inventory anytime and anywhere, Manheim San Diego recently partnered with Toyota / Lexus Financial Services to conduct the “Heroes of History” Event Sale […] [Read More]

Ken Garff Auto Group announced Monday that it is buying out New York-based Leucadia National Corp. from its 12-year Garcadia dealership partnership. The company said the transaction is expected to close in Q3. Early this month, terms of the deal were ratified by the boards of Leucadia and Ken Garff. "We've had a strong relationship […] [Read More]