Cox Automotive brand NextGear Capital presented its fourth annual Auction Partners Awards during the National Remarketing Conference/National Auto Auction Association Convention at the Red Rock Casino and Resort in Las Vegas. The awards spotlight independently owned auction leaders in the industry and recognize their years of dedicated service to growing and supporting the overall industry […] [Read More]

Seven auto auctions from across the U.S. received awards during the National Remarketing Conference/National Auto Auction Association Convention from Chase Auto Finance as the consignor announced its 2015-2016 Chase Cup for Auction Excellence winners. Officials recapped that the 18th annual Chase Cup award recognizes auctions across the country for their exceptional performance in retention, operational […] [Read More]

Earlier this month, DAA Northwest celebrated 24 years and hosted its annual Anniversary Sale Fundraiser to help support four local Spokane charities. The auction matched all funds, bringing the two-day event’s total to $123,000. “Our thanks go out to all of our customers who contributed to the evening,” said auction president Bob McConkey. “These organizations […] [Read More]

Copart has announced the expansion of its location in China Grove, N.C., just outside of Charlotte. “We are pleased to add additional acreage to our China Grove location,” said Jay Adair, chief executive officer of Copart. “Our recent expansions, specifically in response to Hurricane Matthew, are a testament to the commitment and investment we're willing to make to accommodate our buyers […] [Read More]

The National Auto Auction Association held its annual Presidential Gala on Thursday night during the NAAA Convention/National Remarketing Conference at Used Car Week, where more awards were announced.  The association inducted Patty Stanley of Carolina Auto Auction and Indiana Auction into the NAAA Hall of Fame, recognized the Eastern Chapter for its second straight PAC […] [Read More]

Retail demand weakened in October while wholesale prices continued to soften. In his latest Kontos Kommentary report, KAR Auction Services chief economist Tom Kontos asserted that weak retail demand may have been a reflection of uncertainty before the election. For the first time this year, new vehicle sales on a year-to-date basis fell below last year’s […] [Read More]

The National Auto Auction Association has announced the winners of its Pioneer Award and Bernie Hart Memorial Auctioneer of the Year Award. The awards were revealed at the Auction Insurance Agency Luncheon on Wednesday at the NAAA Convention/National Remarketing Conference during Used Car Week. The 2016 recipient of the Bernie Hart Memorial Auctioneer of the […] [Read More]

Integrated Auction Solutions has announced a pilot of what it’s touting as the newest, most advanced marketplace in the wholesale industry. Beyond the functionality of a standard marketplace (bid, proxy, wish list, watch list, sort and find inventory), IAS has added features it says will command the attention of online buyers. The IAS Marketplace will […] [Read More]

This year marked the 50th anniversary of the merger announcement between the American Football League and the National Football League, creating the foundation for today’s NFL.  And, of course, the Super Bowl. At Used Car Week, we have a little merger of our own.  The National Remarketing Conference and the NAAA Convention are joining forces […] [Read More]

The latest Market Insights report from Black Book shows that while value declines slowed a bit last week, auction no-sales remained high. “Depreciation rate slows from steeper declines seen at the start of the quarter,” said Black Book’s Anil Goyal. “Smaller cars continue to show larger depreciation as opposed to larger crossover/SUVs.” Volume weighted, overall […] [Read More]