While there likely are households and businesses still trying to recover from Hurricanes Harvey and Irma, KAR Auction Services chief economist Tom Kontos thinks the impact from those storms is no longer strongly influencing wholesale vehicle prices. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale used-vehicle prices […] [Read More]

Black Book determined full-year vehicle depreciation for 2017 didn’t quite reach the level editors saw for the previous year. According to Black Book data, the average price of a used vehicle for model years 2012 through 2016 depreciated in value by 2.9 percent during the close month of 2017. Editors indicated overall cars values dropped […] [Read More]

At Used Car Week in November, Joe sat down with ADESA chief operating officer Paul Lips for a chat about his time as National Auto Auction Association president, mobile phone usage in the auction industry, auction safety, volume spikes for 2018, Notre Dame football and more. Check out their conversation from La Quinta, Calif., below, […] [Read More]

Auction Academy has released its schedule for this year’s 2018 Seminar Series program. Auction Academy’s upcoming seminars will kick off with a a workplace culture session that will be held in Franklin, Tenn., March 26 and March 27.  “Different from our two-year program, the Seminar Series offers one-day intensive sessions, with in-depth focus on a […] [Read More]

Following upgrades made to the Manheim Market Report this past summer, Manheim has announced that the tool received an estimated total of 23 million visits last year. Upgrades made to MMR this past summer include valuation adjustments for a vehicle’s AutoGrade condition and enhanced mobile and desktop interfaces. On average, more than 90,000 unique users access MMR […] [Read More]

Memorial services for Ken Osborn, the late general manager of ADESA Dallas, will be held Saturday in Granbury, Texas, the National Auto Auction Association said in a memo to NAAA members. Osborn, 65, passed away Jan. 10 in Granbury. He was a past president of NAAA, a 2013 NAAA Hall of Fame inductee and an […] [Read More]

At Used Car Week this past fall, Joe Overby sat down with Joe Miller and Venkat Krishnamoorthy of AutoIMS to talk about the company's “Simplifying Auction Charges” whitepaper released this fall.  Plus, Miller and Krishnamoorthy discuss the next steps in auto industry disruption/digitalization and 20 years of AutoIMS.  Check out the conversation below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  […] [Read More]

For dealers who are finding used subcompact crossovers in demand at their stores, the latest analysis from Black Book showed they didn’t have to dip quite as much into their floor-plan funds last week to acquire these units. This week’s Black Book Market Insights report showed subcompact crossovers depreciating the most out of cars and trucks. […] [Read More]

Kelley Blue Book announced Tuesday that the Toyota and Porsche brands are the 2018 model-year brand winners of the annual Best Resale Value Awards. Its Porsche's second consecutive luxury brand Best Resale Value award, and Toyota takes it’s third-ever win, following recognition for top brand in 2014 as well as last year.  The awards are in their […] [Read More]

Hundreds of independently owned, non-chain auto auctions dot the U.S. landscape, each a unique business unto itself. As is the case in many industries, an individually owned auto auction often faces a different set of challenges than, say, a corporately owned business or chain of businesses. Keeping up with evolving and rapidly scaling technology on a […] [Read More]