Auction Management Solutions — the newly organized consulting firm formed by Tom Stewart and Richard Curtis to provide consulting services to the automotive industry that include independent auto auctions, service providers and vendors — announced on Tuesday that it has partnered with Dealers Auto Auction Group. Dealers Auto Auction Group owner David Andrews said, “We […] [Read More]

An increase in used-vehicle supply coupled with heightened incentive activity will push used-car prices down by 5.2 percent below current levels by 2019, according to RVI Group’s recently released Risk Outlook report. RVI predicts that leasing will increase through 2018, putting a growing supply of used vehicles into the market through 2020. According to Polk […] [Read More]

Tom Stewart of Stewart Enterprises and Richard Curtis of RW Curtis Consulting announced they have combined their companies to create one new service organization. The new organization is called Auction Management Solutions (AMS), a firm the pair says is designed to provide comprehensive consulting services to the automotive industry that include independent auto auctions, service […] [Read More]

Copart has announced an expansion of its Orlando auction location.  “We are excited to expand our existing Orlando location in order to accommodate our growth,” chief executive officer Jay Adair said in a news release. Online auctions for Copart Orlando happen at 10 a.m. Thursdays. The Copart Orlando team invites the community to come by, […] [Read More]

Manheim has appointed two new general managers. Emily Decker will serve as GM of Manheim Indianapolis, while David Aguilar will have that role with Manheim El Paso. Decker, a 20-year veteran of Manheim, started as a dealer registration administrator and took on various roles with increasing responsibility at Manheim’s Tampa, St. Petersburg and Lakeland Locations. […] [Read More]

It was a “down” week, according to the latest Black Book Market Insights report. Every segment — with the exception of small pickups — saw broad declines in the seven-day period ending Friday. Volume weighted, overall car values decreased by 0.43 percent last week, similar to the average depreciation rate of 0.40 percent seen in the previous […] [Read More]

On the same day but some 2,800 miles east of the 68th CarMax Auction’s grand opening in the San Francisco Bay Area, dozens of dealers gather under and around a garage-like structure on Tuesday morning. Much like the soggy weather here in the capital of North Carolina, the exterior of this building is gray. But […] [Read More]

The XLerate Group has purchased the EPI-El Paso auction from the McConkey Auction Group. With the addition of EPI, XLerate now has Texas auctions in Austin, Dallas and El Paso, plus its locations in California, Florida, South Carolina, Michigan and Wisconsin. “EPI is the latest step in XLerate’s plan to grow our business, footprint, and […] [Read More]

The weather forecast may be favorable, but new historical forecast data from Black Book shows the outlook for small cars — particularly subcompacts — is not so sunny. Vehicles in that segment, including such models as the Toyota Yaris and Prius, Nissan Versa, Kia Soul, Honda Fit, Ford Fiesta and Chevrolet Spark, have depreciated 26.1 […] [Read More]

Former National Auto Auction Association president Gregg Kobel passed away Thursday at age 67, NAAA said in a condolences message Monday. Kobel was the 2007-2008 NAAA president and also served as president and director of the Midwest Auto Auction Association, NAAA said. NAAA also recognized Kobel with its annual Industry Pioneer Award at last year's convention in […] [Read More]