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]

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]