Compact-car prices have stayed strong for much of the year, but Black Book editors noticed these particular vehicles took a bit of dip.   This week’s Market Insights report from Black Book showed that while cars and trucks overall saw very similar depreciation last week, compact cars saw what editors called a “big drop” compared […] [Read More]

Country music’s Big & Rich duo will hit the stage at KCI Kansas City’s annual Guitars and Cars sale this August. In a newsletter update, ServNet Auction Group said that KCI Kansas City first announced that Big & Rich’s William "Big" Kenny and John Rich would join its annual sale to a crowd of dealers earlier […] [Read More]

KAR Auction Services Inc. revealed Tuesday morning it has become the first remarketer to join the Mobility Open Blockchain Initiative, also known as MOBI. As the first remarketer, KAR joins what is described as a member-driven consortium of global automotive industry leaders, the goal of which is to explore blockchain tech use in the “digital […] [Read More]

In a stream of summer auto auction news, ServNet Auction Group announced in a newsletter update that Louisiana’s 1st Choice Auction Auction has increased its OVE.com sales by 68 percent over last year, and the Greater Rockford Auto Auction just held its “GRAA'lapalooza” 44th Anniversary Sale earlier this month.  Louisiana’s 1st Choice reaps rewards of […] [Read More]

For this episode, Auto Remarketing senior editor Joe Overby sits down with Black Book's Jared Kalfus in Las Vegas during NADA Show 2018 in March to talk about using VIN-specific car history data to generate more precise vehicle valuations. The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also […] [Read More]

America’s Auto Auction has brought on a new national accounts manager who will represent the company’s 21 independent auto auction locations. Rachel Ballard, the newest America’s AA national sales team member, was recognized as a 2016 Women in Remarketing honoree while serving as the national accounts manager at Capital City Auto Auction. “It is with much excitement and […] [Read More]

ADESA has made recent back-to-back appointments including a new executive sales director and two new California auction general managers. The company announced that Rod Thompson, who most recently served as GM at ADESA Tulsa, will now manage ADESA’s commercial client relationships and leading commercial client efforts. Meanwhile, Bobby Sylvester has been named GM of ADESA San Diego, […] [Read More]

Lease returns have been one of the dominant discussion points in the auto industry over the last few years, and rightfully so, given the influx in volumes that are now approaching a peak.  But when you think about lease returns and their impact to wholesale markets, only a “subset” of the off-lease volume ends up […] [Read More]

Dealers Auto Auction Group has a long history of giving back to the community as DAAG supports many local charities throughout the course of the year. Collectively, the group’s recent efforts have led to more than $122,000 being awarded to a wide array of organizations. DAA of Huntsville just celebrated its 14th anniversary sale with […] [Read More]

Perhaps not as difficult as finding that needle in the proverbial haystack, Black Book’s latest anecdotes from the lanes again described how dealers are having difficulties finding clean vehicles at the auction without completely depleting their floorplan funds. Before getting into bidding activities, this week’s edition of Black Book Market Insights showed how prices aren’t […] [Read More]