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]

In connection with its existing brand extension strategy, AutoNation has launched its fourth wholesale auction. AutoNation’s new Atlanta auction location in Ellenwood, Ga. joins three other auctions, which are located in Los Angeles; Orlando, Fla.; and Houston. AutoNation chief executive officer Mike Jackson expressed excitement for the opening of the fourth AutoNation  auction during the retailers’ latest quarterly call. […] [Read More]

With more than seven days into May already in the books, Black Book is seeing even stronger signals that the spring market might be in its closing stages for 2018. This week’s Black Book Market Insights report highlighted how most car values finally are cooling off from the last several weeks of increasing price activity. […] [Read More]

Tim Walters retailed so many new vehicles in 2017 that the trade-ins on those sales were more than enough to stock his used-car operations. But his new-vehicle sales have slowed and in March, the owner of Elkland Chevrolet in Elkland, Pa., found himself at a physical auction for the first time in about 18 months. […] [Read More]

With perhaps a sign the spring market might be in its latter stage, a handful of car segments that have continued to increase in value, according to Black Book. The latest Black Book Market Insights report showed smaller car and sporty car segments demonstrated the strongest price performance last week. “Broad market strength was seen […] [Read More]

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]