It’s turned into a month of celebrating Auction Management Solutions (AMS). First, the firm’s one-year anniversary and now confirmation that earlier this month AMS has partnered with Rea Brothers’ Mid-South Auction (RBMSA) for business development consulting. AMS recapped that the Rea family has been in the auction business in Mississippi since 1972. In 2010, the […] [Read More]

While Manheim noticed record-setting metrics again for its latest monthly report, Black Book on Tuesday released its Used Vehicle Retention Index for June and observed a more modest sequential uptick and even a decline compared to a year ago. Black Book found that its index edged higher to 113.0 in June, up from 112.3 in […] [Read More]

Make it two consecutive months where the Manheim Used Vehicle Value Index established a new record. Analysts determined wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 1.1 percent month-over-month in June. This movement brought the index reading to 129.3, which was a record high for the second consecutive month and represented a […] [Read More]

ADESA’s Boston-area location recently celebrated its 70 years in business with two special events last month. In June, ADESA Boston held both an anniversary sale and a car show/motorcycle run fundraiser. ADESA Boston’s 70th-anniversary sale drew a number of additional dealers and vehicles. The array of vehicles included notable drives such as a 1941 Chevrolet pickup […] [Read More]

Well, the convergence of cars and trucks depreciating at the same rate lasted all of a week. The newest Black Book Market Insights report showed truck segments deprecating only by 0.9 percent last week, much less that in comparison with the car segments, which depreciated by 0.31 percent overall. In fact, editors noticed three specific […] [Read More]

In the past, Manheim has hosted mobile auctions in some pretty unique locations — dealership lots, convention centers, NASCAR race tracks, even a minor league baseball park — but the company insisted the latest location tops them all. Recently, Manheim UK held what is believed to be the first vehicle auction at sea. The unique […] [Read More]

With fireworks popping because of the Fourth of July, Auction Management Solutions is celebrating too, and not just for patriotic reasons, as the consulting firm started by industry veterans Tom Stewart and Richard Curtis has reached its one-year anniversary. This past year, AMS highlighted that it has seen explosive growth in its core business of providing […] [Read More]

Along with taking a closer look at how volume will impact compact cars’ residual values, RVI Group’s Risk Outlook for June indicated that used-vehicle prices in May softened on a year-over-year comparison but ticked slightly higher on a sequential basis. The report indicated that real used-vehicle prices for 2- to 5-year-old units on a seasonally […] [Read More]

Since launching its Auction Safety Certification and Lane Safety Training series 14 months ago, the National Auto Auction Association said that more than 7,000 people within the industry have been certified under the safety program. The courses, NAAA said in a news release on Thursday, include educational videos that aim to promote safety and prevent accidents. […] [Read More]

Franchise Services of North America (FSNA) — which among its subsidiaries includes U-Save Car & Truck Rental, U-Save Car Sales, Auto Rental Resource Center (ARRC), Xpress Rent A Car, Sonoran National Insurance Group and Peakstone Financial Services — filed for Chapter 11 bankruptcy protection this week. The company said it made the move in the […] [Read More]