Kelly McAllister, who is the director of digital business at XLerate Group Auctions, has been appointed to the new product advisory board at OVE, the auction group said Monday. OVE launched this five-member independent auction advisory board this year to complement and help build various product enhancements it was launching. McAllister was recognized by OVE […] [Read More]

There was a slide in late-model auction volume during October, but through 10 months of 2017, the numbers remain ahead of year-ago figures. That’s according to the latest Guidelines report from J.D. Power Valuation Services. The report indicates there was a 2.1-percent month-over-month slide in late-model auction volume during the month. Compared to a year […] [Read More]

Along with recapping what happened in October, the analyst team at J.D. Power Valuation Services projected how wholesale price trends might land in November. Analysts didn’t just photocopy their reports for the November issue of Guidelines, but the figures certainly were similar. J.D. Power Valuation Services is expecting wholesale prices for vehicles up to 8 […] [Read More]

A company that had spent close to five years working on a logistics management tool designed to meet the vehicle remarketing needs of charities is now offering its services to auto auctions, as well.  AudoServ, which is a donation remarketer, partnered with Auction Edge and AutoIMS and added 180 independent auctions to its platform. The company […] [Read More]

Get ready for turkey and softer prices in the lanes. This week’s Black Book Market Insights report showed that used-vehicle value depreciation hit an all-time weekly high for 2017. Editors indicated sub-compact luxury crossovers saw the largest decrease in values last week, dropping by 1.25 percent. A close second, minivans saw the next-highest depreciation, falling […] [Read More]

Chase Auto Finance honored its 19th annual Chase Cup for Auction Excellence winners at the NAAA Convention in La Quinta, Calif. last week, which was held in partnership with the National Remarketing Conference portion of Used Car Week.  Likewise, also at the convention, NextGear Capital honored another four auctions with the presentation of its fifth annual […] [Read More]

ADESA Buffalo general manager Warren Clauss officially  took over as National Auto Auction Association president at the organization's 69th annual convention in La Quinta, Calif. last week, held in conjunction with the National Remarketing Conference during Used Car Week. Serving with Clauss on the executive board for the 2017-2018 term is president-elect Chad Bailey and […] [Read More]

If someone lost a pickup to one of the hurricanes earlier this year, KAR Auctions Services chief economist Tom Kontos suspects you might might be part of what's helping to prop up prices for similar late-model vehicle segments. Kontos explained his thinking as ADESA Analytical Services shared its monthly analysis of wholesale used-vehicle prices by vehicle model […] [Read More]

On Thursday, Cox Automotive presented its 2017 Community Impact Award to Heather Pullen, national remarketing manager at Porsche Cars North America. The award — sponsored by Cox Automotive brand, Manheim — was presented by Grace Huang, president of Cox Automotive Inventory Solutions, during an awards luncheon at Used Car Week. The honor is given to a […] [Read More]

Internet marketing solution company Liquid Motors announced during Used Car Week it has met a few significant milestones, one of which includes signing its 100th independent auto auction customer during the first week of the month. That same week, the company — along with its independent auto auction customers — signed their 1,000th “outside the […] [Read More]