Aside from surging numbers from 2016 model-year vehicles, auction sales volumes slowed in June, according to the latest Guidelines report from NADA Used Car Guide. But year-to-date volume is still on the rise, particularly for late-model vehicles. NADA Used Car Guide data indicates that there have been 2.29 million auction sales of vehicles up to […] [Read More]

Copart announced the expansion of its location in China Grove, N.C., one of three locations in the state. “This expansion provides additional land and accommodations for more inventory,” Jay Adair, chief executive officer of Copart, said in a news release. “We are proud of our team’s dedication to providing an unmatched experience for our members […] [Read More]

NADA Used Car Guide reports that its seasonally adjusted used-vehicle price index at the midyear mark was 3.7 percent below last year’s six-month average. And the rate of depreciation is increasing: Used-vehicle prices were 12 percent lower through June relative to all of last year. In the same period last year, that figure was 9 […] [Read More]

Auction Management Solutions announced this week that the firm recently started by industry veterans Tom Stewart and Richard Curtis has partnered with 166 Auto Auction for business development consulting. Mike Bradley, general manager of 166 Auto Auction, explained why he aligned with AMS, which provides consulting services to the automotive industry that include independent auto […] [Read More]

Along with some specifics as to what dealers wanted coming down the lanes, this week’s Black Book Market Insights report showed depreciation across the board for all car and truck segments. Editors put particular emphasis on trucks and small crossovers. They indicated vehicles in these segments faced the heaviest price drops this past week with […] [Read More]

MetroGistics has hired Terry Mollica as director of business development. His duties will include helping to expand MetroGistics’ presence to its growing customer base, with a focus on the remarketing segment. Mollica has more than 18 years of sales and marketing experience, including the automotive, captive finance remarketing and consumer industries. Prior to joining MetroGistics, he was the […] [Read More]

Don’t underestimate the power of Mickey Mouse. David Vignes would know. Vignes — the executive vice president of enterprise optimization at KAR Auction Services — spent more than 15 years with The Walt Disney Co. “You look at Mickey in the park and you see people jumping on him, because if you can get a […] [Read More]

Trucks literally are carrying the pricing load, according to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class. ADESA’s Tom Kontos reported on Tuesday that wholesale used-vehicle prices in June averaged $10,556, which was down 1.5 percent compared to May but up 3.3 percent relative to June of last year. […] [Read More]

Insurance Auto Auctions, a business unit of KAR Auction Services, announced a 10-acre expansion of its Culpeper, Va., facility. The now 32-acre facility highlights IAA's strategic expansion in the growing industry. The company explained the expansion in Culpeper will allow customers to select from a larger inventory of vehicles with increased convenience, while also providing […] [Read More]

By standards here in the Carolinas, it doesn’t feel particularly hot outside at this late-May, mid-morning auction sale. But still, the glass-door refrigerator next to the auction block at Manheim Darlington has a few handfuls of water bottles, free for the taking. The auction offers free water and utilizes mist-spraying swamp coolers in the lanes, says […] [Read More]