Volume weighted, overall car values decreased by 0.75 percent last week — higher than the average depreciation rate of 0.66 percent observed in the previous four weeks. Meanwhile, overall truck values decreased by 0.37 percent last week, which was similar to the average depreciation rate of 0.40 percent seen in the previous four weeks. “Most […] [Read More]

KAR Auction Services Inc. has promoted Stacey White to senior vice president of enterprise optimization. In addition to her other responsibilities, White will now oversee transportation at the corporate level. She will continue to oversee the company’s procurement and sourcing strategies, while still leading the team charged with standardization of operations and processes at all […] [Read More]

Scott Finkle is transitioning out of his leadership position with Auction Edge into an advisory role, the company announced Wednesday. Dan Diedrich takes over as president. Diedrich, previously a senior vice president, has been part of Auction Edge’s management team since 2012 and has worked in the industry for more than 18 years. He was also a […] [Read More]

There was a bit of role reversal when it came to vehicle depreciation last week. “The steeper depreciation seen recently in the car segments slowed last week while the depreciation on crossovers and SUVs accelerated,” Anil Goyal, senior vice president of automotive valuation and analytics, said in the latest Market Insights report. Volume-weighted, overall car […] [Read More]

RVI Group’s latest Market Update report shows that used-car prices increased in July when compared to June, but were down from a year ago. Adjusting for inflation, the RVI Used Vehicle Price Index increased by 0.4 percent month-over-month in July. But the index was down 3.4 percent from last July. On a nominal basis, the […] [Read More]

John Eriksen has been named general manager of Manheim Baltimore-Washington, bringing experience in both the sales and operations sides of Manehim. Most recently, he served as assistant general manager of Manheim Orlando, where he held various leadership roles since joining the organization in 2007. His new role represents a return to the region, as he […] [Read More]

Element Financial Corp. announced that Michael Dolan has been named chief information security officer of its fleet management business. Dolan joined Element in 2015 when it acquired GE Capital Fleet Services, bringing more than 16 years of legal and information security experience. He began at GE Capital Fleet Services in 2008 as vice president, counsel […] [Read More]

It was status quo for car deprecation last week, while truck values fell at a slower pace than the week prior, according to Black Book’s weekly Market Insights report.   Volume weighted, overall car segment values (models years 2008-2014) decreased by 0.78 percent last week, on par with the previous week’s 0.77 percent, while truck […] [Read More]

ADESA announced on Monday that ADESA Northwest has been named the U.S. Bank 2015 Auction of the Year, Marine/RV Segment. ADESA Northwest was known as Brasher’s Northwest Auto Auction at the time of the award. The auction has received this honor every year since U.S. Bank began awarding it in 2010 as a way to recognize […] [Read More]

Southeastern Auto Auction celebrated 20 years in Savannah, Ga., with an anniversary sale on Wednesday. The event offered a record consignment featuring a variety of vehicles from new car dealers, independent dealers and institutional accounts, both in the lines and online. Dealers enjoyed a BBQ lunch and a chance to win a variety of prizes […] [Read More]