While the Federal Emergency Management Agency (FEMA) recently described how much hurricane recovery is left to be completed — especially in Texas — KAR Auction Services chief economist Tom Kontos declared the wholesale price impact stemming from Hurricanes Harvey and Irma — particularly on off-lease units — is “over.” According to ADESA Analytical Services’ monthly […] [Read More]

TPC Management Co. announced that it has added FastLane Auto Exchange to its slate of auto auction clients. FastLane Auto Exchange is located in Mount Morris, Mich. and has been in operation for more than 40 years. TPC said it provides strategic consulting programs to more than 50 independent auto auctions and technology and transportation companies […] [Read More]

Pitchers and catchers already are on hand at spring training to get ready for the upcoming baseball season, and the auction world appears to be in spring mode, too. Editors highlighted their latest Black Book Market Insights report showed a continuation of early spring season. Many car segments remained unchanged in their depreciation levels last […] [Read More]

As analysts confirmed a dip in January, J.D. Power Valuation Services is projecting an uptick in wholesale vehicle prices in February. According to the latest installment of Guidelines, J.D. Power Valuation Services is expecting that wholesale prices of vehicles up to 8 years old will edge higher by 0.3 percent. If the movement happens as […] [Read More]

United Auto Credit recently honored its 2017 Auction of the Year, along with handing out four other regional winners. Receiving the award as the consignor’s Auction of the Year was Dealers Auto Auction of the Southwest. “We have been doing business with DAASW for several years, and they have consistently done a great job for […] [Read More]

Auction Management Solutions just added the largest independent auction in Nevada to its client roster. According to an announcement on Thursday, Dealers Auto Auction of Las Vegas, (DAALV), has partnered with AMS for business development and other projects. Founded in 2006, by Dan Thomas and Russ Norrish, the auction has grown to a 350-unit weekly […] [Read More]

Cox Automotive announced Wednesday that Jim Williams will replace Patrick Brennan as senior vice president of logistics for Inventory Solutions next month. Brennan has been promoted to senior vice president of Inventory Solutions’ marketplace. Meanwhile, Williams will report to Grace Huang, president of Cox Automotive Inventory Solutions, effective March 1 . He will be responsible […] [Read More]

Perhaps not to the surprise level of a woman being given an engagement ring on Valentine’s Day, but some wholesale market observers might slightly raise their collective eyebrow about current car prices. Based on data generated during the early stages of the spring selling season, Black Book noticed that cars holding retention better than trucks. […] [Read More]

The National Independent Automobile Dealers Association announced Tuesday that Autosoft has been added to its growing list of Bronze-level National Corporate Partners. NIADA said members can now take advantage of special pricing to gain access to Autosoft DMS. Autosoft offers both a sales and F&I module with inventory management as well as a full DMS option, […] [Read More]

Under an agreement reached with their respective captive finance arms, Ally’s SmartAuction is listing the off-lease vehicles of Nissan and Infiniti. The agreement between SmartAuction and the two captives (Nissan Motor Acceptance Corp. and Infiniti Financial Services) was announced Tuesday. The off-lease cars are listed on SmartAuction after first being offered to Nissan and Infiniti […] [Read More]