The auto auction industry will set a new sales record of more than 10 million vehicles this year, auction experts predict. That’s up from 9.8 million in 2016. Ira Silver, National Auto Auction Association chief economist, believes 10 million sales for the industry is on target. He attributes the growth to an increase in the […] [Read More]

As dealers looked to accelerate sales to close July, Black Book noticed vehicle depreciation moved in a similar way to finish the month. The latest Black Book Market Insights report indicated most vehicle segments increased in depreciation during late July. Out of all car and truck segments, editors determined full-size pickups retained their value the […] [Read More]

If history is any indication, you can expect auction prices on late-model units to decline even more rapidly as the second half of the year continues. According to the latest Blue Book Market Report from Kelley Blue Book, there was a 2.6-percent drop in the auction values of 1- to 3-year-old vehicles in the second […] [Read More]

Black Book editors could have broken out a thesaurus on Tuesday when releasing their Used Vehicle Retention Index for July. Upon looking for the right adjective to summarize the latest reading, they could have picked among steady, stable, firm, fixed, unchanged or unwavering. The reason why is the July index reading came in the same […] [Read More]

To strengthen and grow its digital offerings, Manheim announced on Monday that Nick Peluso will lead the company’s digital strategy as president of Manheim Digital Marketplace, while continuing as president of RMS Automotive. In his dual role, the company indicated Peluso is responsible for Manheim’s digital channels, including OVE, Manheim.com and Simulcast, in addition to […] [Read More]

Auctions across the country are finding ways to have fun this summer. A few include a Louisiana auction, an Illinois auction and 20 southeastern Manheim locations. Manheim’s southeastern locations participated in the company’s fourth annual Cargaritaville sales event this month. The sales day featured beach-themed prize giveaways, live entertainment and steel drummers. NextGear Capital partnered […] [Read More]

AutoBuy, a Florida-based car buying company supplying dealers across the country with often desired, non-advertised used inventory, recently celebrated 100,000 private car sellers served.   With more than $1 billion dollars in inventory appraised in eight years of business, AutoBuy founder Anthony Maida says his used-car inventory rivals that of other auction consignors because the vehicles from […] [Read More]

Ready Logistics highlighted that the company is trying to bring a new level of automation and transparency to the manual process-oriented vehicle transportation sector with the launch of the HUB, a centralized communication platform that is geared to increase efficiency for clients. By automating procedures that typically delay vehicle movement, Ready Logistics explained that the HUB […] [Read More]

As the temperatures spike outside, Black Book isn’t quite seeing wholesale prices behave in the opposite extreme, which is sometimes the norm as we enter the remaining days of July. The newest Black Book Market Insights report showed more SUVs dropping in price last week. In fact, editors noticed sub-compact luxury crossovers saw the most […] [Read More]

Donlen recently announced that the company has brought on a new vice president of client relations to lead its team of national account executives. Chosen for the position is Roger Setzke, who has more than 12 years of previous experience at Donlen and over 25 years of extensive sales leadership experience. “Donlen continues to invest in high-performing […] [Read More]