Both portions of the RVI Group’s latest analysis of wholesale prices showed an upturn from June to July but softening versus year-ago figures. The RVI Used Vehicle Price Index (Real) increased from June to July by 0.9 percent. However, when compared to July of 2016, prices were down by 3.8 percent. The firm’s Used Vehicle […] [Read More]

Hertz Global Holdings is bringing aboard a new chief marketing officer and a new chief human resources officer. Hertz said Wednesday that Jodi Allen will join the company as executive vice president and CMO on Oct. 2; Murali Kuppuswamy becomes executive vice president and chief human resources officer on Sept. 12 Allen was most recently the […] [Read More]

Along with the perspective of an auction owner from the West Coast, the latest Black Book Market Insights report took a look at comparing the weekly retention strength of cars and trucks dating back to the beginning of the year. Editors found that cars have started to see larger depreciation since late spring after a […] [Read More]

Two ServNet member auctions have implemented the Deal Shield buyback guarantee assurance product from Cox Automotive, and two more are set to utilize the program, as well. That’s according to a news release from ServNet, which said BSC America’s Bel Air Auto Auction and Tallahassee Auto Auction have already begun using the DealShield program. Up […] [Read More]

ADESA announced Thursday that its Kansas City auction recently raised a total of $50,457 for a local children’s hospital. The auction held a special sale and live charity auction event named  “Cars-n-Kids” for Children’s Mercy Kansas City. In addition to donating $150 for every car sold during the sale, ADESA Kansas City sold event T-shirts, hosted a […] [Read More]

BSC America Auction Group said Thursday that its new facilities for the Bel Air Auto Auction in Belcamp, Md., will welcome customers in September following several years of planning and 24 months of construction. Bel Air’s new 185-acre location will also house BSC America’s corporate headquarters and regional staff, according to the company. The auction will host its […] [Read More]

As both car and truck values softened at a pace similar to what’s been seen during the past month, Black Book’s Anil Goyal and the company’s representatives at the auctions are noticing a clear strategy dealers are using nowadays as they walk the lanes or watch the online sales. “Dealers continue to remain interested in […] [Read More]

Copart recently announced the expansion of two of its Arkansas locations — the first in Conway, near Little Rock, and the other in Prairie Grove, near Fayetteville. Combined, the two newly expanded locations currently have more than 1,000 salvage and clean title vehicles up for bid, according to Copart. "Expansions are exciting for Copart because they allow us to utilize existing […] [Read More]

Metro Auto Auction of Phoenix has been named the National Auto Auction Association’s 2017 Western Chapter Auto Auction of the Year for its commitment to supporting community youth. NAAA said the auction’s notable efforts include hosting an annual Christmas party for seriously ill children and funding a mentorship program for thousands of at-risk Phoenix-area high […] [Read More]

Following its annual Live Charity Auction, Dealers Auto Auction of the Rockies recently announced it raised over $24,000 for an organization working against sex trafficking in its local community, and Capital City Auto Auction announced it has won two annual awards from BB&T for remarketing this year. As part of the company’s new Month of […] [Read More]