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]

John Brasher was only 14 when his grandfather and family business patriarch — who shared his first name, but went by Frank — passed away in 1986. But his grandfather’s reputation in the business provided more than a wealth of stories for John Brasher, who shared a few of these with Auto Remarketing last month, […] [Read More]

Though depreciation had slowed a bit at the start of the year, wholesale depreciation is now continuing at a steady pace, and the industry isn’t seeing much of the usual tax season strength. This is true especially for some of the smaller car segments, which are seeing significant price drops. According to the latest Black […] [Read More]

Insurance Auto Auctions recently announced the grand opening of its IAA Louisville North location in Eminence, Ky. The new location officially opened on Feb. 22, featuring a ribbon cutting ceremony and selling more than 150 vehicles, including a 2013 Rolls-Royce Ghost that sold for $93,000. “The IAA Louisville North facility will expand the company’s presence […] [Read More]

LeasePlan USA recently announced the hiring of a new region sales vice president of national accounts. Bringing over 15 years of fleet industry experience to the position is Melissa Cook, who most recently served as the district sales manager for Supreme Corporation. In the new position, Cook will be serving the Northwest and Midwest regions, […] [Read More]

Central Auto Auction will have completed its 10th year of operation this month, having opened its doors on Feb. 28, 2006. The auction, which currently offers roughly 400 vehicles per week via its three lanes (with a fourth on the way), hosts about 200 bidders each week. Peter Saldamarco, the auction’s founder and president, reflected on the […] [Read More]

Remarketing of America announced the recipient of its second annual national auction of the year honor, known as the ROA BlueAward. Based on a ranking of auctions in several key performance areas, this year’s ROA BlueAward winner is Manheim New Mexico. “We are pleased to present the Manheim New Mexico auction house with the ROA BlueAward, […] [Read More]

Last week in the lanes brought continued strength in the majority of the car segments, save for one: the subcompact cars. And among the trucks, the full-size pickups experienced some softness this past week. Although the subcompact car segment had been recovering a bit from 2015 lows, it experienced a significant price decline last week, […] [Read More]