The National Auto Auction Association recently announced that Clark County Auto Auction and Charleston Auto Auction have both been named Auto Auction of the Year within their respective chapters, following nominations from local school leaders. The award was established last year to honor the charitable acts auctions perform each year and to encourage volunteer outreach. […] [Read More]

Along with looking ahead to how prices might move in August, analysts at J.D. Power Valuation Services determined that July’s wholesale depreciation matched historical trends. According to the latest issue of Guidelines, analysts reported that the wholesale prices of used vehicles up to 8 years in age fell by 2 percent in July, mirroring what […] [Read More]

There was a double-digit slide in the auction volume of late-model vehicles from June to July — but that’s typical for summer, J.D. Power said in a report this week. And what’s more, late-model auction volume was up more than 7 percent year-to-date through July. According to the latest Guidelines report from J.D. Power Valuation Services, […] [Read More]

Cox Automotive said Wednesday that its Manheim Market Report has been upgraded with a “sweeping set of enhancements” designed to streamline remarketing and provide more in-depth information. The four upgrades to Manheim Market Report include: An adjusted, more specific valuation on vehicles that includes AutoGrade condition and exterior color, vehicle mileage and region. Clients are able […] [Read More]

ADESA announced Tuesday that it has brought on two new members to join its sales team. Angela Williams and Kirk Archer have joined the company as executive sales directors. Williams most recently served as the business development and marketing manager for Rawls Auto Auction in Leesville, S.C. “Angela brings more than 20 years of auto […] [Read More]

Insurance Auto Auctions, a business unit of KAR Auction Services, announced Wednesday it has expanded locations in six states to both address clients’ increased inventory needs due to more claims being deemed total losses and to plan for a projected rise in salvage volume following the upcoming weather event season. The company’s new land additions […] [Read More]

Manheim locations across the county are currently celebrating National Auto Auction Week. Throughout the week, the company said it will use Facebook and Twitter to showcase local auction activities. The week of celebration wraps up on Friday. “National Auto Auction Week is a great time to reflect on the commitment that our team members and […] [Read More]

While it appears dealers are having trouble fulfilling one specific segment on their inventory shopping lists, Black Book’s latest price update indicated dealers aren’t paying quite as much when they do find the units they want. The newest Black Book Market Insights report showed an increase in wholesale vehicle depreciation, especially in the car segments. […] [Read More]

Copart recently announced the opening of a new location in Andrews, Texas, growing its footprint to a total of 16 locations now operating within the Lone Star State. Auctions will occur regularly every Wednesday at the new location. The Andrews location will hold its first live online car auction on Wednesday at 12 p.m. (CT), […] [Read More]

For the second consecutive year, ADESA Winnipeg has been named the National Auto Auction Association's Eastern Chapter Auto Auction of the Year in recognition of its public service. The auction has planned and participated in more than 55 events to raise over $3.5 million for various regional causes, according to NAAA. “It's my privilege to […] [Read More]