XLerate Group Auctions announced Monday that its Charleston Auto Auction and El Paso Independent Auto Auction are currently raising funds to help two local community outreach programs. In Charleston, S.C., Charleston AA is raising money for East Cooper Community Outreach (ECCO), and El Paso Independent AA is raising funds for non-profit corporation Compadres Therapy in […] [Read More]

TPC Management announced Monday that it will begin providing strategic consulting to Elite Transport Services. Based in Kansas City, Mo., Elite Transport Services was founded in 2012 and is now a division of TransAm Logistics, which provides additional transportation-related services such as factoring receivables and providing third-party logistics. “Over the years we have regularly worked […] [Read More]

In three decades, ServNet’s network of independent auto auctions has grown from a small group of independent owners wanting to share marketing strategies, to a group that has set a standard for service, efficiency and innovation within the remarketing industry. The group has grown from its original eight members to now include 22 auctions from […] [Read More]

While the Federal Emergency Management Agency (FEMA) recently described how much hurricane recovery is left to be completed — especially in Texas — KAR Auction Services chief economist Tom Kontos declared the wholesale price impact stemming from Hurricanes Harvey and Irma — particularly on off-lease units — is “over.” According to ADESA Analytical Services’ monthly […] [Read More]

TPC Management Co. announced that it has added FastLane Auto Exchange to its slate of auto auction clients. FastLane Auto Exchange is located in Mount Morris, Mich. and has been in operation for more than 40 years. TPC said it provides strategic consulting programs to more than 50 independent auto auctions and technology and transportation companies […] [Read More]

Pitchers and catchers already are on hand at spring training to get ready for the upcoming baseball season, and the auction world appears to be in spring mode, too. Editors highlighted their latest Black Book Market Insights report showed a continuation of early spring season. Many car segments remained unchanged in their depreciation levels last […] [Read More]

As analysts confirmed a dip in January, J.D. Power Valuation Services is projecting an uptick in wholesale vehicle prices in February. According to the latest installment of Guidelines, J.D. Power Valuation Services is expecting that wholesale prices of vehicles up to 8 years old will edge higher by 0.3 percent. If the movement happens as […] [Read More]

United Auto Credit recently honored its 2017 Auction of the Year, along with handing out four other regional winners. Receiving the award as the consignor’s Auction of the Year was Dealers Auto Auction of the Southwest. “We have been doing business with DAASW for several years, and they have consistently done a great job for […] [Read More]

Auction Management Solutions just added the largest independent auction in Nevada to its client roster. According to an announcement on Thursday, Dealers Auto Auction of Las Vegas, (DAALV), has partnered with AMS for business development and other projects. Founded in 2006, by Dan Thomas and Russ Norrish, the auction has grown to a 350-unit weekly […] [Read More]

Cox Automotive announced Wednesday that Jim Williams will replace Patrick Brennan as senior vice president of logistics for Inventory Solutions next month. Brennan has been promoted to senior vice president of Inventory Solutions’ marketplace. Meanwhile, Williams will report to Grace Huang, president of Cox Automotive Inventory Solutions, effective March 1 . He will be responsible […] [Read More]