Safety is front and center at today’s brick-and-mortar auctions — and with good cause. The reason we have such a laser focus on safety is, in my opinion, a micro versus a macro view of this very important issue. The tragedy at the East Coast auction was horrendous, given the relatively safe environment that has […] [Read More]

While the past year showed stronger-than-expected retention rates overall, Black Book’s Used Vehicle Retention Index still fell 0.7 percent from 115.0 to 114.1 last month, following a rise in November.  In addition to the first decline in the last four months, this is also the lowest tally for December since 2010 when the Index was at […] [Read More]

AutoTec announced Monday that it has promoted John McElrath to president of Red Mountain Technologies (RMT), a subsidiary of the company that provides vehicle history data to auto auctions and insurance carriers. McElrath most recently served as RMT vice president of sales and joined the company in 1998. “John has been instrumental in Red Mountain Technologies’ […] [Read More]

Used-vehicle supply and demand, the economy, and interest rates and credit are among the market dynamics driving wholesale used-vehicle sales and prices.  They were also frequently cited as trends to watch in 2018, by analysts, remarketers and others who attended Used Car Week in November. The National Auto Auction Association held its 69th annual convention […] [Read More]

After eight years at XLerate Group, Darris McClure has joined Catastrophe Solutions International (CSI) to head the North American operations. McClure brings operational expertise from the technology-enabled automotive services industry to his new role.  “Recruiting Darris reflects our commitment to our customers to develop and deliver the best tech-enabled solutions for the challenges faced by […] [Read More]

ServNet announced Wednesday that Clark County Auto Auction has been named the newest member of the independent auction group.  Clark County Auto Auction is located in Jeffersonville, Ind., and serves dealers in the southern part of the state, as well as the Louisville, Ky., market area. “I join with the owners of ServNet auctions across the […] [Read More]

Editor's note: This story was originally published on Jan. 3. Ken Osborn passed away the following week. Auto Remarketing sends its condolences to his family and ADESA team. An updated version of the story is below.  The night that Ken Osborn earned his bachelor’s degree in the early 1980s, he saw his mentor Richard Dupriest […] [Read More]

Black Book noticed that big crystal ball in Times Square wasn’t the only thing to make a noteworthy drop to wrap up 2017. This week's edition of the Black Book Market Insights revealed cars softening in value by a record 0.78 percent. Editors determined that midsize cars saw the highest depreciation with a 1.18-percent decrease in […] [Read More]

Before 2017 closed, Auction Management Solutions (AMS) announced that the firm partnered with Alliance Auto Auction for business development consulting. Adding this operation brings the firm’s client list to 22 total locations. “Adding a growing, vibrant family of Texas auctions to the AMS family only makes our entire organization stronger. We are very excited to […] [Read More]

The last Oldsmobile ever built sold for nearly double its original price during a Dec. 15 sale featuring the historic vehicle. A dealer from Florida took home the last Oldsmobile — a dark cherry 2004 Oldsmobile Alero with only 29 miles — along with the final Oldsmobile Cutlass and Ciera models, says Jeff Barber, owner of the State […] [Read More]