Manheim has announced a 100-percent sales rate following the exclusive off-site auction for Citroen its Nevada team recently held in Las Vegas in collaboration with Manheim Online in the U.K. The Las Vegas auction follows the successful unique off-site sale Manheim and Citroen held 'at sea' last year on No Man’s Fort, a 150-year-old facility […] [Read More]

No matter which way the analysts at RVI Group looked at October wholesale prices, they noticed increases versus September’s readings as well as from year-ago figures. The RVI Used Vehicle Price Index (Real) increased from September to October by 2.0 percent. When compared to October of last year, prices rose by 1.1 percent. The firm’s Used Vehicle […] [Read More]

Cox Automotive has a new chief financial officer. Starting Monday, Mark Bowser will be executive vice president and CFO, while also heading up the finance and strategy teams, NextGear Capital and other corporate functions. Bowser has been with parent company Cox Enterprises since 2006 and most recently was CFO with Cox Communications. “I have seen […] [Read More]

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]