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]

As 2017 wound down, J.D. Power Valuation Services, KAR Auction Services and RVI Group all shared their wholesale price analysis for what happened in November. The report that showed the greatest change came from J.D. Power Valuation Services, which indicated in its latest issue of Guidelines that wholesale prices of used vehicles up to 8 […] [Read More]

ADESA recently announced that it has raised more than $1 million for JDRF in partnership with the Ford Global Action Team. ADESA auctions have partnered with the Ford Global Action Team to raise money for JDRF since 2012 and has collected a total of $1,030,505 for the global organization dedicated to funding research to find […] [Read More]

Insurance Auto Auctions recently announced that it has both relocated its Jackson, Miss., branch and expanded its Grenada facility in the same state to significantly boost the company’s inventory capacity. The company said the new expansions have increased the facilities’ previously combined 32 acres to more than 130 acres for expanded vehicle selection and inventory […] [Read More]

As 2017 wound down, Black Book wanted to make a unique comparison. The editorial team looked at how much of an impact Hurricanes Harvey and Irma placed on vehicle prices and the ability to retain values against an incident where a similar amount of used units left the market. The comparative occurrence came eight years […] [Read More]

The last Oldsmobile ever built will go to the highest bidder today. Over a decade after its debut at the Lansing Assembly Plant in April 2004, General Motors and General Motors Financial have decided to sell the vehicle, along with two other commemorative models after their stay at the GM Heritage Center. “Every year a group […] [Read More]

Auction Management Solutions (AMS) recently partnered with partnered with Greater Milwaukee Auto Auction (GMAA) for business development consulting, growing its client roster to 22. Founded in 2004 by owner Kristie Letizia, GMAA is the largest independent auto auction in the state of Wisconsin. What originally started as a 15-acre facility has now grown to cover […] [Read More]

GAA Classic Cars Auction announced Tuesday that it is gearing up for two big sales that will offer vehicles and memorabilia from two collections in March. On March 1, the Greensboro, N.C. auction will launch a three-day sale featuring 550 vehicles from the Gary Copeland Collection of 1932 and 1934 Fords. The sale will include a […] [Read More]