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]

Manheim Darlington and Manheim Atlanta recently partnered with BMW Group Financial Services to host a “monster” of a mobile sale in Greenville, S.C. But it wasn’t BMW’s 94 percent conversion rate that made the sale unique — it was the venue: Fluor Field. Home to Red Sox affiliate the Greenville Drive, Fluor Field features a […] [Read More]

After a $40 million investment from parent company KAR Auction Services, ADESA is officially opening its Chicago auction. The company called ADESA Chicago, which will hold its first sale today, its “most integrated, customer-centric and technologically advanced physical auction location to date.” In a news release, ADESA chief executive officer and president Stéphane St-Hilaire said: […] [Read More]

In the aftermath of Hurricane Matthew, Copart has activated reserve land in Georgia and Virginia in addition to expanding existing locations in North Carolina and Florida. The land expansions and activations will allow Copart’s Catastrophe Response Team (CAT Team) to provide even greater service in response to weather-related damage. “We have a long history of […] [Read More]

Several auction sites throughout the U.S. had a tough week last week, according to Black Book’s weekly Market Insights report. A Black Book auction spotter in Texas bemoaned sluggish conditions in that market. “Even trucks were slow today, which is uncommon here,” he said. In Florida, a Black Book rep reported lots of no sales […] [Read More]

Southeastern Auto Auction and its dealer customers made donations and participated in a 50/50 drawing to benefit those affected by Hurricane Matthew.  The amount raised was matched by the auction and given to the American Red Cross. Some victims of the hurricane in Haiti will also benefit from this fundraising effort. The winner of the 50/50 […] [Read More]

ADESA, a business unit of KAR Auction Services, announced that Harold Chapman will lead ADESA Nashville as general manager, effective immediately. He had served as general manager of ADESA Kansas City since 2003. “During his time at ADESA Kansas City, Harold has proven to be a strong leader who motivates his staff to provide the […] [Read More]

Auction Management Solutions continued to add to its roster of clients as the firm announced it has partnered with Dealers Auto Auction of Idaho, in Nampa, Idaho, for business development consulting.   Adding this location brings the group to 12 total clients, who also include: —Columbus Fair Auto Auction —Greater Quad City Auto Auction —Rochester Syracuse […] [Read More]

A decade-and-a-half ago, some folks were averse to using the Internet in the auction business, Pierre Pons said during an Auction Academy event in September. But the industry has come around by leaps and bounds. After all, the Internet isn’t going to disappear. And, frankly, neither is the importance of compliance in the auction business. […] [Read More]