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]

Less than a month after purchasing all eight Brasher's auctions, ADESA has made yet another big auction purchase move and signed a definitive agreement to buy Sanford Auto Dealers Exchange. The auction is located in Sanford, Fla. ADESA now has five locations in this region, including ADESA Sarasota, ADESA Tampa, ADESA Jacksonville and ADESA Ocala. […] [Read More]

Think about the old days for a second, Tom Kontos said. If there was a flood of cars from a certain segment (like off-lease) to hit the market, there wasn’t as many choices of business-to-business, competitive-bidding venues for the remarketing industry to sell those cars as there are today. “In today’s world, with the embrace […] [Read More]

In almost nine years of covering the auto auction business, one of the coolest parts of the job has been to see how the people behind these auctions and the remarketing industry, in general, selflessly pitch in when the going gets tough for a neighbor. We see that each year when National Auto Auction Association […] [Read More]

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]