ADESA’s auction at the NADA Convention and Expo on Saturday raised $94,423 for the NADA Foundation’s Frank E. McCarthy Memorial Fund, which supports Canine Companions for Independence — a non-profit organization that provides people with disabilities highly trained service dogs. “We asked dealers and attendees to bid high in honor of the 100th anniversary of […] [Read More]

Auto Remarketing learned on Friday afternoon that America’s Auto Auction is growing to 19 locations through the acquisition of Auction Broadcasting Co. America’s Auto Auction president and chief executive officer Ben Lange confirmed in a statement to Auto Remarketing that the deal is effective immediately. “America’s Auto Auction is proud to announce the acquisition of Auction […] [Read More]

As 2016 came to a close, RVI Group’s latest Market Update revealed that while used-car prices decreased in December compared to a year earlier, prices posted a slight uptick when compared to the prior month and making an economic adjustment. The RVI Used Vehicle Price Index for December decreased by 0.2 percent when compared to November. And […] [Read More]

ACV Auctions said Wednesday that it has expanded into northeast Ohio, Washington D.C., and eastern Massachusetts, while also announcing it will debut  a new incentive program for multi-site dealerships at the NADA Convention & Expo this week.  In addition to the three new territories, the company ended 2016 entering upstate New York, western Massachusetts, Pittsburgh and […] [Read More]

Value retention for car segments is at a six-month high, according to Black Book, and the movement in one particular segment is proving to be “an encouraging sign.” Overall, car segments saw a 0.39-percent depreciation rate last week, the company reported in the latest Black Book Market Insights report. It was at 0.43 percent for […] [Read More]

Reconditioning technology provider Dent Wizard International announced on Monday it recently moved its F&I division and customer service and claims management team to a new call center at a facility located one mile from the company’s headquarters in St. Louis.  Dent Wizard said the move is in response to continued growth of its F&I business. […] [Read More]

 After climbing an average of 5 percent in the first quarters of the previous two years, used-car prices showed just 1-percent sequential growth in Q1 of 2016 — an “unusually low” amount, according to J.D. Power Valuation Services. The December-to-March change this time around? Expect something right down the middle. The company’s latest Guidelines report […] [Read More]

In the dealer group’s third-quarter earnings call, AutoNation chief executive Mike Jackson addressed not only how AutoNation is going to procure inventory to fill its AutoNation USA standalone used-car store locations, the dealer group boss also touched on why the company is delving deeper into the auction business. First, AutoNation explained how it will find […] [Read More]

The National Auto Auction Association had projected that auction volume would reach 9.7 million units last year. Turns out, it was even better than expected. And this year, volume could be the strongest it has ever been.  NAAA said in an Economic Report compiled by its economist Ira Silver that auction volume reached 9.8 million […] [Read More]

MetroGistics, a provider of automotive logistics services, recently announced four different executive promotions. The personnel moves the company made are: — Jeremy Cope to executive vice president, operations and strategy — Martha Garcia-Perry to vice president, growth initiatives and integration — Dustin Ruch to vice president, business development — Melissa Trautman to vice president, marketing […] [Read More]