KAR Auction Services business unit Insurance Auto Auctions rolled out its newest offering on Tuesday, something the salvage auction company is calling IAA Express Notary. Officials highlighted this service allows for the electronic assignment of title documents in an attempt to shorten the cycle time significantly for total loss settlements. This tool is the newest […] [Read More]

In a Black Book graph showing year-to-date used-vehicle value movements, the trend line for trucks shows more waves than the line for car segments. But lately, both are consistently moving downward, the company said in the latest Black Book Market Insights report. “Both car and truck segments are starting to show a consistent depreciation rate […] [Read More]

Steve Burrows has joined the management team of North Bay Auto Auction as fleet-lease director of remarketing. He will take the lead in representing North Bay Auto Auction to regional and national commercial accounts.  "We are very happy to welcome Steve Burrows to North Bay Auto Auction," Don Morrow, president and chief executive officer of […] [Read More]

For dealerships in both the U.S. and Canada looking for certified pre-owned inventory, General Motors Financial is hosting a series of wholesale events where used-car managers might be able to find exactly what they seek. GM Financial recently kicked off its annual elite sales series, which can give dealers exclusive access to hundreds of the […] [Read More]

Cox Enterprises on Monday announced the completion of solar projects at its Manheim Nevada auction facility in North Law Vegas as well as its Cox Communications facility in Las Vegas. Together, the solar installations produce 1,523 kW of clean energy — enough to power 238 homes — and are expected to prevent more than 1,700 […] [Read More]

Copart, is expanding one of its locations in the Dallas-Fort Worth area. The company announced Thursday that it would be expanding its location in North Fort Worth, to better facilitate the location’s weekly online auctions. This location is one of four in the Dallas-Fort Worth area. "We are very proud our team's continuous hard work that accommodates […] [Read More]

Officials highlighted IsItFrame — the service offered by the National Auto Auction Association through AutoIMS — is now available as an on-demand, system-integrated Web service. With time savings in mind, AutoIMS created this new Web service offering to allow auction management systems and Internet-connected CR-writing applications to automatically retrieve an answer from the IsItFrame database. […] [Read More]

To describe the plight of the minivan, TrueCar’s Eric Lyman invoked the late, great king of one-liners. “To say that minivans have been the ‘Rodney Dangerfield’ segment of the auto market for many years, in terms of not getting the respect they deserve, is an understatement,” he said in a news release accompanying his company’s […] [Read More]

It’s not just the supply boost that slowed wholesale vehicle values in May.   Some of the decline, says ADESA chief economist Tom Kontos, was driven by flat used-car retail sales and a dip in certified pre-owned sales (albeit year-to-date CPO sales are still up and at a record pace). “This limited the demand side support for wholesale values, which […] [Read More]

In addition to announcing that dealers can now register for its sales online, CarMax Auctions recently shared plans to add five locations in fiscal-year 2017, including one this summer that will be its first in the San Francisco Bay area.   The five new locations include: Pleasanton, Calif.  (Set to begin this summer) El Paso, […] [Read More]