Carfax announced this weekend at the NADA Convention & Expo that MAXDigital has broadened its partnership with the vehicle history report provider. The enhancements include a wider array of information provided to dealers through MAXDigtal’s inventory management platform. So, things such as reported accidents, number of owners and open recalls, for instance, will appear instantly […] [Read More]

Late on Friday afternoon as much of the industry mingled through the opening day of the NADA Convention & Expo in Las Vegas, KAR Auction Services announced that subsidiary, ADESA, successfully completed the acquisition of eight auctions owned by the Brasher family along with its floor-plan financing business. In addition to the formal completion of […] [Read More]

Along with specific market additions to expand its Retail Solutions operations, Manheim on Friday also shared its four-point plan to continue growing its extensive auction network and inventory services; a strategy the company said is based on how it continuously listens to dealers’ input. In response to allowing clients to guide the organization’s future investments […] [Read More]

Twelve weeks into 2016, it appears a few truck segments a picking up the pace when it comes to depreciation. That’s according to the latest weekly edition of the Black Book Market Insights report, part of which looked back at the used-car price movements in opening quarter of the year. In a departure from what has […] [Read More]

Car segment values were down last week, but rate of decline has moderated quite a bit from recent weeks. According to the latest Black Book Market Insights Report, car segments were down an average of 0.19 percent last week (volume-weighted). However, the preceding eight weeks had an average decline of 0.34 percent, Black Book said […] [Read More]

Tom Kontos called the movement an “anomaly” when ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class showed that used values in February softened on sequential basis. ADESA pinpointed the average at $10,202, representing a 0.5-percent dip compared to January, but just a modest 0.3-percent uptick relative to February of last year. […] [Read More]

In strategic growth moved as part of its new market structure, Manheim announced four general manager promotions in Florida, Georgia, North Carolina and Utah. Those include: Butch Herdegen III (Manheim Jacksonville and Manheim Daytona Beach) Ellie Johnson (Manheim Statesville) Doug Kramer (Manheim Atlanta) Cade Rindfleisch (Manheim Utah) Each of those GMs have at least 20 […] [Read More]

In other award from CAR Conference action on Wednesday in Las Vegas, two of the remarketing and used-car industry’s go-to analysts were recognized with the Ed Bobit Industry Icon Award from NAAA and IARA. Earning the recognition were Tom Kontos of ADESA and Tom Webb of Cox Automotive. Presenting the award to these respected economists were […] [Read More]

Bob Rauschenberg of ADESA has won this year’s IARA Circle of Excellence Award. The award was presented to Rauschenberg on Wednesday, during an IARA event at the CAR Conference in Las Vegas.  Rauschenberg is the executive vice president of sales, marketing and special services at ADESA. His posts in the remarketing business have included roles with ADT Automtoive, […] [Read More]

Perhaps spring isn’t ready to bloom just yet in the auction lanes. In this week’s Black Book Market Insights report, analysts acknowledged “no spring market lift so far,” as data from the month of February showed most car segment retention has generally continued to perform weaker than that of trucks. Interestingly enough, Anil Goyal pointed […] [Read More]