ADESA has made management changes at three of its 77 North American auction locations in Arizona, Tennessee and Florida. Rance Rudy has been named general manager of ADESA Phoenix, Jay Smith will now serve as general manager of ADESA Knoxville and Lisette Minton has been appointed general manager of ADESA Sarasota. “Rance brings to his […] [Read More]

Going into Memorial Day weekend, Black Book learned dealers weren’t overly eager to spend their floor plan funds as vehicle depreciation trends told editors “that summer is fast approaching.” According to the latest Black Book Market Insights report, editors found that car segments are picking up more weekly depreciation compared with trucks, “signaling that summer […] [Read More]

XLerate Group recently announced that it has brought on Tom Francois as the new general manager of the group’s Badger State Auto Auction in Fond du Lac, Wis. Francois succeeds Tim Netz, who is retiring after 18 years of service at the auction. “We are grateful to Tim Netz for his leadership, service and dedication to […] [Read More]

The National Auto Auction Association said Wednesday that its campaign with the Massachusetts Independent Automobile Dealers Association to raise $100,000 for the victims of the fatal crash at Lynnway Auto Auction earlier this month has almost reached its goal.    NAAA, which said $76,775 has been raised so far, urged people to make donations. The […] [Read More]

Insurance Auto Auctions recently announced the expansion of both its Savannah and Tifton facilities in Georgia, two of its seven locations in the state. "The Savannah and Tifton expansions advance our pace of proactive operational growth in this important marketplace to better serve our loyal base of buyers and sellers," IAA chief executive officer and […] [Read More]

The owner of a South Dakota auction dubbed the “classic car graveyard” is currently selling his 40-plus-year-old collection of over 300 collector vehicles from the 1920s to 1990s. Kerry Droog, owner of K&K Auto and the son of an auctioneer, has been buying from auctions and picking out finds from local farms for most of […] [Read More]

The spring season in the wholesale vehicle market has passed and auction values have returned to seasonal depreciation patterns, says Black Book. Car segment values were down 0.36 percent last week and trucks fell 0.47 percent, according to the latest Black Book Market Insights report. This just a couple weeks after a stronger than expected […] [Read More]

Dent Wizard International has promoted its chief operating officer Mike Black to president, replacing Terry Koebbe who will retain his position as chief executive officer. In addition to his new role, Black will remain the company’s chief operating officer. “Mike has done a phenomenal job as COO over the past six years,” Koebbe said in […] [Read More]

Mobile wholesale marketplace ACV Auctions on Monday announced an expansion into eight new markets. Building on the half dozen ACV already occupied, the company now has a presence in: —Southern New Jersey —Roanoke, Va. —Hartford, Conn. —Boston —Cincinnati —Louisville, Ky. —Nashville, Tenn. —Charlotte, N.C. The push builds on ACV’s existing operations in other U.S. markets, […] [Read More]

Speed Digital announced it will partner with HemmingsPRO Auctions to host a battle more than 50 years in the making: Mustangs versus Camaros.  On May 26, the new partners will bring collectors and enthusiasts a Mustangs versus Camaros sale, the first of a series of monthly themed, timed online auctions. This event will help settle the […] [Read More]