Get ready for turkey and softer prices in the lanes. This week’s Black Book Market Insights report showed that used-vehicle value depreciation hit an all-time weekly high for 2017. Editors indicated sub-compact luxury crossovers saw the largest decrease in values last week, dropping by 1.25 percent. A close second, minivans saw the next-highest depreciation, falling […] [Read More]

Chase Auto Finance honored its 19th annual Chase Cup for Auction Excellence winners at the NAAA Convention in La Quinta, Calif. last week, which was held in partnership with the National Remarketing Conference portion of Used Car Week.  Likewise, also at the convention, NextGear Capital honored another four auctions with the presentation of its fifth annual […] [Read More]

ADESA Buffalo general manager Warren Clauss officially  took over as National Auto Auction Association president at the organization's 69th annual convention in La Quinta, Calif. last week, held in conjunction with the National Remarketing Conference during Used Car Week. Serving with Clauss on the executive board for the 2017-2018 term is president-elect Chad Bailey and […] [Read More]

If someone lost a pickup to one of the hurricanes earlier this year, KAR Auctions Services chief economist Tom Kontos suspects you might might be part of what's helping to prop up prices for similar late-model vehicle segments. Kontos explained his thinking as ADESA Analytical Services shared its monthly analysis of wholesale used-vehicle prices by vehicle model […] [Read More]

On Thursday, Cox Automotive presented its 2017 Community Impact Award to Heather Pullen, national remarketing manager at Porsche Cars North America. The award — sponsored by Cox Automotive brand, Manheim — was presented by Grace Huang, president of Cox Automotive Inventory Solutions, during an awards luncheon at Used Car Week. The honor is given to a […] [Read More]

Internet marketing solution company Liquid Motors announced during Used Car Week it has met a few significant milestones, one of which includes signing its 100th independent auto auction customer during the first week of the month. That same week, the company — along with its independent auto auction customers — signed their 1,000th “outside the […] [Read More]

After announcing earlier this week Integrated Auction Solutions is now fully compatible with Autoniq’s appraisal software, IAS reported Wednesday it has appointed a new president. John Lilly has been chosen for the job, and the new IAS exec will join the company immediately. Lilly will assume responsibility for IAS AuctionMaster, IAS Simulcast, IAS Marketplace, IAS […] [Read More]

ADESA Dallas has a new general manager. KAR Auction Services business unit ADESA announced on Tuesday that Allan Wilwayco has been appointed GM at the Texas auction—one of the largest ADESA sale facilities in the country. ADESA Dallas sits on 200 acres and offers ancillary services onsite, including reconditioning, repair and detail services. Wilwayco brings […] [Read More]

Announced today, Integrated Auction Solutions’ (IAS) marketplaces are now compatible with Autoniq’s appraisal software. The full integration is for both iOS and Android devices. “This integration provides our customers the added value of Autoniq’s appraisal software with the AWG Simulcast suite all in one place,”  Peter Levy, vice president of IAS, said. The company also […] [Read More]

Auction Management Solutions (AMS) has added Richmond Auto Auction to its list of partners for business development consulting. The addition brings the AMS client list to 18 total locations. After launching in 1967 as Motley’s Auctions in a Chester, Va., dairy barn by Dick and Pokey Motley, Richmond Auto Auction is now run by second generation […] [Read More]