Missouri Auto Auction will play host to the top auctioneers from North America and the U.K. during this year’s World Automobile Auctioneers Championship. Scheduled for April 15 at the auction’s Columbia, Mo. location, the event will also be webcast live on NIADA.tv starting at 8 a.m. (CST). "We are pleased to sponsor this year's World […] [Read More]

Cox Automotive named a vice president of communications and community relations on Wednesday, appointing The Weather Company executive Shirley Powell to the role.   Powell will be based out of the company’s Atlanta corporate offices and will head up day-to-day, global operations of Cox Automotive’s communications. "Cox Automotive has a great story to tell about […] [Read More]

The spring tax season isn’t bringing with it the strong prices in the lanes it normally does. And this trend is particularly evident when looking at depreciation for the month of February. According to Black Book data, the average price of a used vehicle for model years 2010-2014 fell by 1.1 percent last month. Cars […] [Read More]

Though depreciation slowed a little bit last week, the auction market is still seeing prices decrease at a rate larger than normally seen during tax season, which traditionally brings rate strength to the lanes. Most trucks, of course, are continuing to see stronger price trends than cars, with the exception of full size luxury utilities […] [Read More]

Last month showed some price softening in off-rental wholesale cars, according to the latest Manheim Used Vehicle Value Index analysis, which said that not since 2013 has the straight average of rental-risk auction prices been this low in February. Even with rental-risk units having 11.5 percent less mileage on them, prices still fell 4.1 percent […] [Read More]

Want to know the best bargain in the automotive industry today? It’s the average selling fee for consignors at wholesale auto auctions in the U.S. Let's have some fun and look at a typical fee of, say, $100 — and I am being generous, as we all know, when chain auctions are offering less than […] [Read More]

Manheim has announced its new general manager of Manheim Pennsylvania. Serving in his 15th year with Manheim and taking the reins as GM of Manheim’s home auction location is Joey Hughes. In the new role, Hughes will be responsible for all aspects of the auction’s operations, over both its internal workforce of 1,600 full- and part-time […] [Read More]

February represented the steepest drop in wholesale prices (on a mix-, mileage- and seasonally adjusted basis) in over three years, according to comments accompanying the latest Manheim Used Vehicle Value Index published on Monday. The index’s reading for February was 123.3, down 1.4 percent year-over-year.  Of the six vehicle segments included in the report, five showed […] [Read More]

Buyers and dealers — no need to take out your smartphone to check run lists. Why don’t you just check your watch? ADESA said Friday it has launched its Marketplace app for the Apple Watch. “Car dealers are leveraging technology in new and exciting ways, and this Apple Watch app allows them to monitor their auction […] [Read More]

In a trio of moves first reported by Cliff Banks of The Banks Report and later confirmed by Auto Remarketing, Cox Automotive has created a chief operating officer position and has named Mark O’Neil to the position. In addition to announcing the COO move, Cox Automotive said Thursday that Keith Jezek will become president of […] [Read More]