General Motors Financial on Monday named the winners of its 2016 Open Sale Auction of the Year as well as its 2016 Closed Sale Auction of the Year. Claiming the first prestigious award presented annually that’s part of the company’s nationwide Auction of the Year program, ADESA Kansas City, in Kansas City, Mo., was named […] [Read More]

Copart now has 200 physical location to facilitate its online salvage auction endeavors. The latest one came aboard on Thursday, representing the company’s 15th location in California. Copart opened its newest location in Wilmington, Calif., as now the company operates seven locations in southern California. “More than three decades ago, Copart opened its first yard […] [Read More]

Speaking to a crowd gathered for the grand opening of the company’s Chicago auction last week, ADESA president and chief executive officer Stéphane St-Hilaire emphasized the importance of brick-and-mortar auctions to the company. Building a $40 million facility in the nation’s third-largest metropolitan area is certainly one way to show that. St-Hilaire also emphasized in that […] [Read More]

With one auction general manager describing the impact of tax refunds in the lanes, this week’s Black Book Market Insights report indicated the car segment retaining its value better than the truck segment as a whole. However, editors pointed out that compact vans increased their value by 1.17 percent in the truck department, outperforming all […] [Read More]

More confirmation about the unusual path wholesale prices took in February arrived from the team at KAR Auction Services on Tuesday. Coming on the heels of what J.D. Power Valuation Services shared, ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class showed wholesale used vehicle prices in February averaged $10,688 […] [Read More]

When a dealer walks in the front door of the new ADESA Chicago auction, he or she might think it looks a lot like home. And that is by design. In designing the front office to the 167,000-square-foot auction in the Chicago suburbs, ADESA visited new-car dealerships throughout its home turf of Indianapolis to get […] [Read More]

On Monday, Copart announced the opening of its second location in the state of Utah. The online vehicle auction company’s newest site is located near Ogden, Utah. "Gaining a greater foothold in the Mountain States with another Utah location sets the stage for continued growth in the region," Jay Adair, chief executive officer of Copart, […] [Read More]

Only twice since 1997 has the analyst team at J.D. Power Valuation Services seen February wholesale prices move this way. According to the latest Guidelines report and in a reversal of what typically occurs in February, J.D. Power indicated wholesale prices of used vehicles up to 8 years old fell “substantially” last month, dropping 1.6 […] [Read More]

According to the latest Guidelines report from J.D. Power Valuation Services, auction sales volume of models up to 8 years old rose just 1 percent over the four-week period ending Feb. 27 compared to the previous four-week period. The volume rise included 379,700 units. Analysts determined volume for the cohort was also essentially unchanged from […] [Read More]

The National Auto Auction Association shared the announcement about the passing of Ray Clanton, part of the brother tandem that took the lead in running the auction founded by their father and now known as Manheim Darlington. Clanton died on March 15 in Darlington, S.C. He was 89. Clanton’s Auto Auction began as Dealers Motor […] [Read More]