Attributed in part to what analysts see as struggles to turn new models, J.D. Power Valuation Services’ seasonally adjusted used vehicle price index fell for the 10th straight month, leaving the reading at the lowest level since September 2010. J.D. Power Valuation Services (formerly NADA Used Car Guide) reported in the May issue of Used […] [Read More]

The combination of price movements and softening lane activity means one thing, according to Black Book. The spring market appears to have fully bloomed. The latest Black Book Market Insights report showed both car and truck segments seeing higher depreciation than the last several weeks, both dropping 20 percent and 25 percent in value, respectively. […] [Read More]

A fifth person has died from a crash earlier this month at Lynnway Auto Auction in Billerica, Mass. In a statement released on Saturday evening, Middlesex District Attorney Marian Ryan and Billerica Chief of Police Daniel Rosa said Ruben Espaillat, 55, died Saturday at Lahey Hospital. The DA’s office, Billerica Police and the Massachusetts State […] [Read More]

Donlen has named the recipients of the company’s annual Top Auction Awards, which honor top performing auto auction partners that work closely with Donlen’s remarketing program. “Donlen is fortunate to have so many strong auction partners. The decision to honor a select group was difficult, in that all are such integral contributors to our success,” Donlen […] [Read More]

KAR Auction Services reported a 14-percent year-over-year increase in first-quarter net income, pulling in $69.2 million, with operating revenues climbing from $758.2 million to $866.6 million. “Our first quarter 2017 results reflect a solid start to the year with contributions from across our diversified platform of businesses,” KAR chairman and chief executive officer Jim Hallett […] [Read More]

As vehicle values remained relatively steady, multiple Black Book representatives walking the lanes with dealers last week noticed consignment volume softened. Before going into those observations, here are the numbers from the latest Black Book Market Insights report. Editors indicated car segments decreased value slightly last week, but overall both cars and trucks held fairly […] [Read More]

Last week, Southeastern Auto Auction of Savannah hosted its annual Masters Sale and golf tournament, which is named after The Masters golf tournament that is held in Augusta, Ga., just a few hours away from the auction.  This year’s Masters Sale featured over 800 vehicles, and by the end of the sales event, the auction gave […] [Read More]

DAA Northwest recently announced that Rock & Roll Hall of Famers Lynyrd Skynyrd will take the DAA stage on July 19 for the auction's 22nd annual Rock & Roll Sale. “Each year, we put a lot of thought into bringing in a headliner that will be a great fit with our customers. Judging from the […] [Read More]

The National Auto Auction Association has teamed up with the Massachusetts Independent Automobile Dealers Association to raise money for the victims of last week’s crash at Lynnway Auto Auction and for their families, as well. NAAA said in a statement it is donating $25,000 and helping to promote MIADA’s Go Fund Me campaign: www.gofundme.com/lynnway-tragedy. The […] [Read More]

Manheim recently announced it has promoted Dave Rathjens of Manheim Lakeland, Greg Milam of Manheim Seattle and Martin Sandoval of Manheim Central California to general manager roles. “Manheim has a strong track record of developing our team members into leaders, and we’re fortunate to have these pros as new general managers,” Julie Picard, regional vice […] [Read More]