As both car and truck values softened at a pace similar to what’s been seen during the past month, Black Book’s Anil Goyal and the company’s representatives at the auctions are noticing a clear strategy dealers are using nowadays as they walk the lanes or watch the online sales. “Dealers continue to remain interested in […] [Read More]

Copart recently announced the expansion of two of its Arkansas locations — the first in Conway, near Little Rock, and the other in Prairie Grove, near Fayetteville. Combined, the two newly expanded locations currently have more than 1,000 salvage and clean title vehicles up for bid, according to Copart. "Expansions are exciting for Copart because they allow us to utilize existing […] [Read More]

Metro Auto Auction of Phoenix has been named the National Auto Auction Association’s 2017 Western Chapter Auto Auction of the Year for its commitment to supporting community youth. NAAA said the auction’s notable efforts include hosting an annual Christmas party for seriously ill children and funding a mentorship program for thousands of at-risk Phoenix-area high […] [Read More]

Following its annual Live Charity Auction, Dealers Auto Auction of the Rockies recently announced it raised over $24,000 for an organization working against sex trafficking in its local community, and Capital City Auto Auction announced it has won two annual awards from BB&T for remarketing this year. As part of the company’s new Month of […] [Read More]

The National Auto Auction Association recently announced that Clark County Auto Auction and Charleston Auto Auction have both been named Auto Auction of the Year within their respective chapters, following nominations from local school leaders. The award was established last year to honor the charitable acts auctions perform each year and to encourage volunteer outreach. […] [Read More]

Along with looking ahead to how prices might move in August, analysts at J.D. Power Valuation Services determined that July’s wholesale depreciation matched historical trends. According to the latest issue of Guidelines, analysts reported that the wholesale prices of used vehicles up to 8 years in age fell by 2 percent in July, mirroring what […] [Read More]

There was a double-digit slide in the auction volume of late-model vehicles from June to July — but that’s typical for summer, J.D. Power said in a report this week. And what’s more, late-model auction volume was up more than 7 percent year-to-date through July. According to the latest Guidelines report from J.D. Power Valuation Services, […] [Read More]

Cox Automotive said Wednesday that its Manheim Market Report has been upgraded with a “sweeping set of enhancements” designed to streamline remarketing and provide more in-depth information. The four upgrades to Manheim Market Report include: An adjusted, more specific valuation on vehicles that includes AutoGrade condition and exterior color, vehicle mileage and region. Clients are able […] [Read More]

ADESA announced Tuesday that it has brought on two new members to join its sales team. Angela Williams and Kirk Archer have joined the company as executive sales directors. Williams most recently served as the business development and marketing manager for Rawls Auto Auction in Leesville, S.C. “Angela brings more than 20 years of auto […] [Read More]

Insurance Auto Auctions, a business unit of KAR Auction Services, announced Wednesday it has expanded locations in six states to both address clients’ increased inventory needs due to more claims being deemed total losses and to plan for a projected rise in salvage volume following the upcoming weather event season. The company’s new land additions […] [Read More]