The Barrett-Jackson Auction Company and the NASCAR Foundation will host the charity sale of a 2016 Jeep Wrangler Red Rock Edition on Thursday to raise funds for the UNLV School of Medicine Dept. of Emergency Medicine Residency Program Fund. The fund helps provide physicians training as emergency medicine specialists at UMC, Nevada’s only Level 1 […] [Read More]

Perhaps the recent hullabaloo about a potential used-car price collapse was much ado about nothing. Retention values for 1- to 3-year-old vehicles in 2017, as calculated by Kelley Blue Book, were at 56 percent at the beginning of October, which is slightly ahead of year-ago levels (55 percent). “The lack of normal depreciation in used-vehicle […] [Read More]

The Federal Emergency Management Agency said Friday that during the next seven days, 20 million meals and more than 11 million liters of water would be arriving on Puerto Rico.    After confirming the safety of all 30 employees on the island, Cox Automotive put in motion a variety of initiatives to help the Manheim Caribbean team […] [Read More]

The XLerate Group has a new chief operating officer. The auto auction company said Monday it has named former ADESA executive Pat Stevens to the post. The COO position had been unoccupied for a while after Darris McClure moved over to lead XLFunding, a floor planning business the auction group recently launched. As for Stevens, […] [Read More]

The surge Hurricane Harvey created still is rippling through the wholesale market. Black Book reported that its Used Vehicle Retention Index for September posted the largest month-over-month gain since March 2012. The index reading increased from 112.6 to 113.9. Hurricane Harvey caused major flooding throughout parts of Texas, resulting in an estimated up to 500,000 […] [Read More]

Cox Automotive announced Monday it has appointed Patrick Brennan to be senior vice president of inventory solutions, marketplace, following the recent promotion of Grace Huang to president of the inventory solutions group. Brennan most recently served as senior vice president of logistics solutions, working to enhance the efficiency and client experience of Cox Automotive's Ready Logistics and Central Dispatch. The […] [Read More]

An auction operator who likely saw at least some of the rain from Hurricanes Harvey and Irma spelled out his five points to consider as the industry watches for flood-damaged vehicles. Chris Tomchay, co-founder and chief operating officer of The Appraisal Lane and co-owner of the Georgia-Carolina Auto Auction, shared his five thoughts as estimates […] [Read More]

Florida-based AutoBuy now has eight locations since opening two new locations in respective partnerships with ADESA and Manheim, the company announced Tuesday. The new AutoBuy in Sanford, Fla. (which was launched in partnership with ADESA) and AutoBuy Orlando (launched in partnership with Manheim) have increased AutoBuy’s buy/sell capacity by more than 40 percent, according to the company. “Keeping pace with […] [Read More]

With fall officially arriving, dealer behavior is changing accordingly based on the data and observations included in the latest Black Book Market Insights report. Along with more perspective on hurricane-related buying, editors shared in this week’s rundown that truck segments performed much better than car segments. Three vehicle categories within the truck segments increased in value […] [Read More]

A mid-September morning in Wilmington, N.C., feels a lot like Auto Remarketing’s previous visit to the D&E Mitsubishi grounds back in January Sunny skies, pleasantly warm. Auto dealers milling about, bidding on and buying cars from the Manheim auto auction sale happening on the property. Except this time around, instead of cars running through an […] [Read More]