Analysts at J.D. Power Valuation Services found that May wholesale prices for used vehicles up to 8 years old declined by an average of 1.9 percent. And their expectations predict a similar softening to happen in June, as well. According to the June edition of Used Car and Light Truck Guidelines Industry Update, J.D. Power Valuation […] [Read More]

Compared to the previous four-week period, J.D. Power Valuation Services determined auction sales volume for used vehicles up to 8 years old dropped by 3 percent in May, settling at 366,212 units. According to the June edition of Used Car and Light Truck Guidelines Industry Update, J.D. Power Valuation Services recapped that the volume figure […] [Read More]

Along with announcing its college scholarship winners, the National Independent Automobile Dealers Association named Matthews Motors as the recipient of the 2017 NIADA and Cox Automotive Community Service Award in recognition of charitable efforts which have made a notable impact in Clayton, N.C. The award honors independent dealerships for outstanding contributions to its community and the innovative […] [Read More]

MetroGistics has brought aboard new director of human resources Lainey Strohmeyer, who most recently served as director of human resources for Intelliteach. Strohmeyer is certified as a senior professional in human resources by the HR Certification Institute and a senior certified professional by the Society for Human Resource Management with more than 12 years of […] [Read More]

KAR Auction Services chief economist Tom Kontos reported overall wholesale prices in May rose nearly 4 percent year-over-year. But a recent addition to Kontos’ analysis in order to give the industry a better understanding “once again shows significant price softening.” According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model […] [Read More]

The National Auto Auction Association’s deadline to submit nomination applications for its 2017 Auto Auction of the Year Award for Excellence in Community Service is July 14. Nominations close at 11:59 p.m. (PDT) that day. Click here for application submission details. Four Chapter Auto Auction of the Year Award recipients will be announced as part […] [Read More]

Insurance Auto Auctions has begun constructing IAA Fort Worth North, the company’s upcoming new branch scheduled to open in November. The new 18,000-square-fot branch will sit on 200 acres north of the Dallas-Fort Worth area, complementing IAA branches in Grand Prairie and Wilmer, IAA said. IAA Fort Worth North will include office, run and drive […] [Read More]

As lane watchers noticed dealers intensify their search for clean or better units, the latest Black Book Market Insights report showed truck segments continuing to out-perform their car counterparts. Ironically out of all segments — and perhaps a nod to the first official day of summer coming in a few days — editors found that […] [Read More]

Having reached 200 locations worldwide and updating its mobile app earlier this year, Copart made another significant move on Monday, announcing that it has acquired Cycle Express, which conducts business primarily as National Powersport Auctions (NPA). Officials highlighted NPA currently operates facilities in Atlanta, Cincinnati, Dallas, Philadelphia and San Diego. They explained NPA predominantly auctions […] [Read More]

Janet Barnard, the president of Cox Automotive Inventory Solutions, will deliver Wednesday’s opening general session at the NIADA Convention & Expo. Her address on “Driving Wholesale Velocity Together” is set for 8:30 a.m. (PT) and will delve into “how evolving digital and mobile solutions can address rising off-lease vehicle volumes, changing customer expectations and set […] [Read More]