Auction Academy, a continuing education program developed by TPC Management Co. for professionals in the auto industry, reports that the first half of the 2016 academic year has been a success. In February, Auction Academy rolled out a full schedule of its new quarterly Seminar Series, the first of which was its Dealer Sales session. […] [Read More]

About the time Memorial Day rolls around, it seems prices for subcompact cars take a major tumble. Black Book now has seen weekly depreciation for these gas sippers drop by close to 1 percent or more at this point on the calendar for three years in a row. Last week — which was week No. […] [Read More]

As he prepares to take over as manager of the Carolina Auto Auction, Eric Autenrieth is proving that you can go home again. Autenrieth spent 10 years working alongside his parents, Henry and Patty Stanley, after they purchased Carolina Auto Auction. His roles included outside dealer sales rep, sales and marketing manager, fleet/lease manager and […] [Read More]

Mark Lindstrom, owner of Darlington Auto Brokers, wasn’t pleased with the body work that another business had performed on one of his vehicles. So, he took the vehicle to Manheim Darlington’s new Retail Solutions center early last week to have paint and body work done on the truck. Lindstrom was able to pick it up […] [Read More]

KAR Auction Services on Wednesday announced it has acquired GRS Remarketing Limited (GRS), a subsidiary of Greenhous Group Limited. “During the past 20 years, GRS has established a successful online vehicle remarketing business in the UK through robust technology, effective sales and operation, a healthy buyer network and strong relationships with commercial customers,” Jim Hallett, […] [Read More]

A conference call to discuss Copart's recently released third-quarter results revealed increases in both earnings and vehicle volume. For the three months ended April 30, revenue, gross margin and net income were $347.2 million, $157.6 million, and $74.0 million, respectively. These represent an increase in revenue of $50.1 million, or 16.9 percent; an increase in […] [Read More]

ADESA, a business unit of KAR Auction Services, has named Richard Griskie as chief information officer. The company highlighted on Thursday that Griskie will oversee the operation of information technology systems for ADESA and several subsidiary businesses within the KAR Auction Services group of companies. He also will contribute to the management and direction of the […] [Read More]

The real view of the RVI Used Vehicle Price Index showed an increase in wholesale vehicle prices of 0.6 percent in April when compared to March. When compared to April of last year, the index fell by 5.5 percent. When looking at the nominal view of the Used Vehicle Price Index, the reading ticked up […] [Read More]

While the latest Black Book Market Insights report showed relatively mild depreciation last week among the majority of car and truck segments, a handful of dealers across the country feel prices will hold relatively steady until July. As a dealer in Arizona shared with Black Book the sentiment about prices staying steady until about the […] [Read More]

RoadDealer.com, an online platform that gives dealerships the ability to buy, sell and trade aged and wholesale vehicles between stores, recently named former TrueCar and AutoNation exec Ben Shamsizadeh as executive vice president of dealer services. And after focusing its efforts in the Midwest, RoadDealer.com highlighted the addition of Shamsizadeh is propelling the company to […] [Read More]