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]

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]