Louisiana’s 1st Choice Auto Auction (LFCAA) has earned the inaugural 2016 Southern Auction of the Year Award from the National Auto Auction Association, which is celebrating National Auto Auction Week through Friday.  Hammond, La.-based LFCAA is one of four auctions from each of NAAA’s membership regions to win the award, which offers excellence in community service. Each […] [Read More]

United Road Services announced a couple of shifts in its senior leadership Tuesday. Kathleen McCann will continue in her role as chief executive officer, but will move from serving as president to becoming the chairman of United Road’s board of directors.   Mark Anderson is now president, while also keeping his existing role as chief […] [Read More]

Overall car values continue to face notably higher depreciation than trucks, according to this week’s Black Book Market Insights report. Volume weighted, overall car segment values for model years 2008-2014 decreased by 0.77 percent last week, which was significantly higher than the average depreciation rate of 0.48 percent seen in the previous four weeks. Luxury […] [Read More]

I thought I would diverge from my normal discussions this month as a result of a recent customer forum hosted by ShipCarsNow. First, let me say that the graciousness of the management of ShipCarsNow and the incredible attention to detail of the staff could create standards for any industry conferences going forward. With that said, this […] [Read More]

A week after making manager changes at ADESA Orlando and ADESA Los Angeles, the business unit of KAR Auction Services on Monday announced adjustments to its auction management teams at ADESA Colorado Springs and ADESA Austin, effective immediately. The company said Steve Swanson, previously general manager at ADESA Austin, has been named general manager at […] [Read More]

West Michigan Auto Auction has earned the inaugural 2016 Midwest Auction of the Year Award from the National Auto Auction Association, which is celebrating National Auto Auction Week from Monday through Friday. The Wayland, Mich.-based auction is one of four auctions from each of NAAA’s membership regions to win the award. Each regional chapter award winner receives […] [Read More]

ADESA Winnipeg has earned the inaugural 2016 Eastern Auction of the Year Award from the National Auto Auction Association, which is celebrating National Auto Auction Week from Monday through Friday.  ADESA Winnipeg — located in Winnipeg, Manitoba — is one of four auctions from each of NAAA’s membership regions to win the award, which honors excellence in […] [Read More]

John Kett, president and chief executive officer of Insurance Auto Auctions Inc., received the Pat Dalton Outstanding Achievement Award during the 52nd. annual SkillsUSA National Leqadership and Skills Conference in June. The award was presented before a crowd of 12,000 during the opening ceremony of the conference, which was held in Louisville, Ky. The award, which […] [Read More]

Auction sales volume has declined on a sequential basis in each of the last four months, but year-to-date it’s up 6 percent, according to NADA Used Car Guide. The four-week period ending July 25 showed auction sales volume (of units up to 8 years old) down by more than 4 percent from the prior period, […] [Read More]

Wholesale prices of vehicles up to 8 years old fell by 2.3 percent in July compared to June, tying June for the biggest monthly drop thus far in 2016. Perhaps not unsurprisingly, losses were steeper for cars than for trucks. “Price movement at the segment level followed the trend we’ve witnessed the past few months […] [Read More]