Copart has opened its 14th location in California. Copart Sun Valley is the global online auction company’s sixth location in Southern California. “Identifying and purchasing land in such a densely populated area such as Los Angeles is a real testament to our team,” said Jay Adair, chief executive officer of Copart. “This location is our sixth location in Southern California and will […] [Read More]

Auto Remarketing has announced its 2016 National Remarketing Executives of the Year, and earning this year's distinction are Greg Thibault and Todd August of Avis Budget Group.  Thibault, who joined Avis Budget in 1997, is the company’s vice president of fleet disposal, and August (who joined the previous year) is director of wholesale operations. Auto […] [Read More]

Prices of used vehicles from model years 2011-2015 depreciated by an average of 2.9 percent in October — steeper than the average 2.3 percent depreciation seen in September. According to Black Book, domestic cars are exemplifying ramped-up depreciation that is typically seen going into the fourth quarter. During the last three months, domestic cars have […] [Read More]

XLerate Group announced on Wednesday the opening of a detail and reconditioning center for its South Carolina location, Charleston Auto Auction. “Our new detail and reconditioning facility brings exciting new capabilities and supports our continuing growth,” said Laura Taylor, general manager at Charleston Auto Auction. “The detail shop offers a multi-line production process and is […] [Read More]

Here’s some scary good news: MetroGistics’ fifth annual Monster Mash Halloween Party raised nearly $19,000 for the Humane Society of Monroe County, Ill., and the Humane Society of St. Clair County, Mich. In addition to food, drinks and prizes, the Oct. 15 event at the Living World Building at the Saint Louis Zoo included a […] [Read More]

Auction Academy, a continuing education program for auto auction professionals developed by TPC Management Company, had a busy third quarter. The Academy’s Class Group 4 completed the seventh of eight quarterly sessions with a trip to Dallas, where members were hosted by America’s Auto Auction and its chief executive officer, Ben Lange, who led the […] [Read More]

After a spate of no-sales two weeks ago, lane watchers from Black Book reported more robust conditions at auctions throughout the U.S. last week. “Sales were better today than last week, with units $12,000 and under selling the best,” said one in Tennessee. Also in this week’s Market Insights report, a Black Book rep in […] [Read More]

Cox Automotive has promoted Amy Mills to senior vice president of strategy. In her new role, Mills will work closely with Cox Automotive’s executive leadership team to identify, execute and sustain strategic initiatives to increase the company’s growth and profitability. Mills previously served as vice president of global strategy, where she drove corporate strategic planning […] [Read More]

RVI Group’s latest Market Update reveals that all vehicle segments saw used-car price declines in September as compared to a year ago. As a result, the RVI Used Vehicle Price Index decreased by 0.5 percent when compared to August. Compared to a year ago, the index was down by 4.3 percent. Adjusting for inflation, the […] [Read More]

When it comes to maintaining auction values, the story during the third quarter was pickups, pickups, pickups. According to the latest Blue Book Market Report from Kelley Blue Book, the segment of 1- to 3-year-old vehicles with the best performing auction value was the full-size pickup, whose prices softened just 0.6 percent. Second was the […] [Read More]