Wade Walker, founder of Corpus Christi Auto Auction and San Antonio Auto Auction, passed away Saturday. He was 55. “Wade was a devoted loving father, husband, grandfather, and friend to all. He enjoyed water skiing, snow skiing, cycling, traveling and spending time with family and friends,” reads an obituary provided by his family. “Wade was […] [Read More]

Holiday shoppers are in the throes of finding bargains for gift giving. Dealers are in the same predicament in the lanes while looking for inventory, according to the latest observations from Black Book. Along with what auction watchers described, this week’s Black Book Market Insights report showed both car and truck segments depreciating more than […] [Read More]

KAR Auction Services announced Thursday that in addition to its initial $225,000 contribution to City Life Wheels of Central Indiana to fund the new KAR Auction Services City Life Wheels Training Center, it will commit another $25,000 grant for the program next year. An Indianapolis-based non-profit, City Life Wheels teaches youth in its community basic […] [Read More]

Along with aligning with another online marketplace connecting buyers and sellers of used vehicles, Black Book watched its Used Vehicle Retention Index rise in November, pushing the reading higher for the third consecutive month. Editors indicated the November index reading increased 0.3 percent month-over-month, ticking up from 114.6 to 115.0. The movement triggered the third […] [Read More]

MetroGistics Holdings announced Tuesday the acquisition of greater Kansas City area-based Metro Title Services. This latest development follows recent expansion efforts to merge with AmeriFleet, which the company acquired in January. “We recognized best-in-class vehicle compliance services as a major market need, and understand that bringing in a world-class provider like Metro Title Services would […] [Read More]

In just over two years since launch, The Appraisal Lane has surpassed $100 million in used-car transactions for both live trades and aged units, the company announced Tuesday. This news comes just a month after reaching up to over 100,000 live trade submissions from dealers via The Appraisal Lane app. With over 60,000 vehicles that have […] [Read More]

The National Auto Auction Association’s Standards Training Program will host two days of hands-on vehicle inspections and arbitration training in Orlando, Fla., on Thursday and Friday. Classes will be instructed by Manheim director of arbitration Matt Arias, who will cover damage analysis on day-one and arbitration on day-two. Day-one will center on how to inspect […] [Read More]

This year’s annual conference partnership between the National Remarketing Conference and the NAAA Convention was a great example of a forward-thinking combination of two very strong brands. As Dan Kennedy (formerly of GM, now with Jack Cooper Logistics), Mike Broe (formerly of Manheim and now president of AutoIMS), my wife and I sat at the […] [Read More]

Manheim has been investing $17 million to develop its retail reconditioning solution's proprietary technology platform and build new facilities, while upgrading existing ones. In a news release, Manheim explained that its retail reconditioning solution is designed to help dealers increase efficiency and save time via offerings that include a 140-point retail inspection, mechanical and body reconditioning, detailing, merchandising, storage […] [Read More]

Be it a car or truck, Black Book saw both general vehicle segments depreciating at almost the same rate as auctions and dealers celebrated Thanksgiving. According to this week’s Black Book Market Insights report, editors determined sporty cars and compact vans saw the most depreciation out of both segments, dropping by 0.82 percent and 1.31 […] [Read More]