The sales and marketing team at KCI Kansas City performed a live remix of Big & Rich's “Save a Horse” music video to announce that the band will headline this year's Guitars & Cars event scheduled for Aug. 15 and Aug. 16. While the Big & Rich's music played across the auction arena prior to its recent Fish […] [Read More]

Along with giving a rundown of the latest wholesale price movements, this week’s Black Book Market Insights report gave some perspective on a pair of factors shaping what dealers are buying at auction nowadays and why. First off, editors noticed continued stabilization of prices for the majority of car and truck segments. Black Book indicated […] [Read More]

Going beyond just the metrics, KAR Auction Services chief economist Tom Kontos explained why the latest wholesale price movements reflect auction successes — especially when it comes to handling off-lease vehicles. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, values in April averaged $11,116, which represented a 2.7-percent lift […] [Read More]

Just after recognizing the National Association of Motor Auctions as its first association Warren Young Sr., Fellow, the National Auto Auction Association (NAAA) announced Thursday that it has selected its 107th Fellow. The new recipient, Sante Esposito, is a member of its lobbying arm based in Washington, D.C. Esposito was honored at NAAA’s annual Day On The Hill […] [Read More]

ServNet has named eight winners of its 3-year-old scholarship program created for children of employees who study at two- and four-year colleges. In January, ServNet announced that it expanded its scholarship program to hand out up to 10 awards this year. "We were pleased to expand the scholarship program this year, adding an additional award for […] [Read More]

While an auction general manager in Texas shared short-term expectations for what might be happening in the lanes, the newest Black Book Market Insights report also highlighted a noteworthy development that just occurred. Editors determined truck values stabilized last week following several weeks of volatility, while cars saw higher demand at auction. “Sedans drop in […] [Read More]

KAR Auction Services is pulling in $820 in fees per transaction at its ADESA auction locations. However, says chief financial officer Eric Loughmiller, only half of that amount is the auction fee. The rest?  “That’s the value-added services we’re able to drive off of those locations,” Loughmiller said by phone shortly after the company’s latest […] [Read More]

With Cox Automotive’s sizable data assets, RMS Automotive has created a new AI-powered Optimization product suite and will develop a vehicle recommendation engine for dealers. Driven by robust data assets from parent company Cox Automotive, RMS’s fresh Optimization product suite can provide clients with vehicle-specific insights that can help them increase their operations' profits and residual […] [Read More]

There was a 15.1-percent month-over-month drop in late-model auction volume in April, but comparisons with last year are starting to even out a bit, according to the latest Guidelines report from J.D. Power Valuation Services. April’s late-model auction volume was down 1.6 percent year-over-year, with year-to-date figures down 2.8 percent, according to the report. Compare […] [Read More]

While analysts noticed April’s wholesale price movements went in a direction not seen during that particular month in seven years, the team at J.D. Power Valuation Services is projecting the change in May prices won’t be as dramatic as seen a year ago. According to the latest installment of Guidelines, J.D. Power Valuation Services is […] [Read More]