In some places nationwide, grass is becoming greener and buds are forming on trees and other plants. And the spring market is blooming, too, according to the latest Black Book Market Insights. The latest report released on Tuesday indicated momentum is picking up steam in the early weeks of the spring selling season with prices […] [Read More]

Much like the multi-layered benefits from greater off-lease volume for KAR Auction Services, the company’s recent purchase of STRATIM has several prongs of opportunity. KAR announced in early February that it had purchased STRATIM, a mobility and fleet management software company. It’s a move that gives KAR a strong foothold in the world of on-demand […] [Read More]

If you consider how the continuous wave of off-lease volume impacts a company as wide-ranging as KAR Auction Services, the most obvious place to start is probably its ADESA business unit. After all, the cars coming off lease not only boost the volumes for the auto auction company, but also affect what the mix of […] [Read More]

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]