The National Auto Auction Association’s Standards Training Program is gearing up to host a two-day-long vehicle inspections and arbitration training session in Canada this September. In just a few weeks, classes are scheduled to be held on Sept. 6 and Sept. 7 at Manheim Toronto, according to NAAA. Classes will be instructed by Manheim director of […] [Read More]

While experts are seeing a softening of consumer interest in new cars, Black Book is noticing the values for traditional two-door and four-door vehicles are keeping wholesale prices stronger than what’s typically witnessed during the summer. More evidence of current trends arrived on Monday through Black Book, which released its latest Used Vehicle Retention Index. […] [Read More]

On each day of this year’s upcoming National Auto Auction Week, a 2018 Chapter Auction of the Year Award winner will be announced as a finalist in the running for NAAA’s Auction of the Year Award for Excellence in Community Service. In a recent letter to NAAA members, National Auto Auction Association president Warren Clauss […] [Read More]

With gross sales of $67 million and an accounted attendance of 1,750 dealers, DAA Northwest’s latest annual Rock & Roll Sale this summer notably outdid all previous years, the company announced Sunday. Along with a long-awaited performance from Rock and Roll Hall of Famer John Fogerty, the sale brought in a total of 5,047 consigned […] [Read More]

As the industry turns its collective calendar to August, Black Book is seeing wholesale prices staying “unusually strong” for this time of year. The latest Black Book Market Insights report showed how cars held better retention overall than trucks this past week with prices for sporty cars again increasing slightly. “The used-vehicle market values remain […] [Read More]

Increases in vehicles coming off leases. Better technology within the selling process. A more digital-first buyer. The need to manage residual risk. It’s such phenomena as these that have led to what auto industry consultant Maryann Keller describes as “more sophisticated remarketing,” where data analysis, cost management and new sales avenues coalesce in scientific wholesale […] [Read More]

Insurance Auto Auctions announced Tuesday that it has concluded building its 11th Florida branch facility in Pasco County. This announcement comes just days after IAA announced that it opened a newly relocated Wichita, Kan., branch on Friday. Located about 45 miles north of Tampa, not only does IAA’s newest Florida branch expand the company’s footprint in the […] [Read More]

Black Book looked to put some data and analysis toward questions used-car managers might be asking. On Monday, editors made available a new analytics-driven report that looks at why certain vehicle models were discontinued over the last several years, and how they’ve retained their values since discontinuation. Black Book examined 12 models, including: — Mazda […] [Read More]

Dealers buying on TradeRev from sellers in certain states can now make the most of free vehicle transportation, the company announced Thursday. TradeRev and fellow  KAR Auction Services business unit CarsArrive Network have teamed up to run a cross-country promotion that gives buyers from sellers in qualifying states free TradeRev vehicle transportation. In a part of the program that started July […] [Read More]

After a successful pilot program, Manheim announced today its seller-focused mobile app Manheim Express is now available nationwide.  The app is free to download on Apple, and will be coming to Android later in the fall. The company shared that as upstream and digital sales channels continue to become more prevalent in the industry, Manheim […] [Read More]