In December, Element Fleet Management announced its 17th annual Remarketing by Element Awards in Chicago, honoring a few handfuls of auctions and a top-ranking female leader in the remarketing business. Earning top honors as Auction of the Year was Manheim Kansas City. “Remarketing by Element appreciates all of our partner auctions and commend those that are […] [Read More]

The answer to the above question? That’s simple: We truly don’t have a selling fee because that is not the auction industry’s true role in the consignor-auction-buyer dynamic.  Our true role is to market used vehicles into the buying niches that absorb that type of product, but “selling it” is the consignors role based on […] [Read More]

The folks at the Carolina Auto Auction find themselves in a “bittersweet” transition period as they celebrate the career of their fleet/lease manager, Sal Terranova, who is headed for retirement. Announced by the company on Wednesday, CAA’s well-known Terranova is succeeded in his position by Joe LeMonds, who has been shadowing Terranova in the position […] [Read More]

As we near the end of 2015, market activity is slowing in the lanes, and strong wholesale price depreciation is stabilizing, as is expected during this time of year. This week’s Black Book Market Insights report, which looked at end-of-year trends, highlighted the “usual December slowdown” in auction activity, and also took a look at […] [Read More]

Dealer's Auto Auction of Huntsville, as well as Dealers Auto Auction of the Southwest, have recently received awards of various types, including organizational and individual acknowledgments. DAA of Huntsville announced Thursday that it was recognized as the Outstanding Promotion Event East Region Top Auction for 2015 during the Remarketing by Element awards ceremony at the […] [Read More]

KAR Auction Services announced the appointment of two new vice presidents on Friday. The company outlined that Toby Hahn has been hired as its new vice president of total rewards while Brad Jokovich has been promoted to the position of vice president of human resources. Jim Hallett, the company’s chairman and chief executive officer, welcomed […] [Read More]

Looking back on November’s wholesale results, the picture painted is very much similar to previous months: Average auction prices were up month-over-month but flat year-over-year. And the uptick was largely due to truck prices. Wholesale vehicle prices in November averaged $9,883, an increase of 1.1 percent compared to October. This was 0.1 percent higher than year-ago figures. […] [Read More]

From commercial livestock to used vehicles, auctioneer Dean Fumasi has sold it all. Now, after spending the last 30 years with the Brasher’s auction family, he has been awarded the ARI Auctioneer of Distinction award for “his dedication to ARI and the dealers in the auction lane,” becoming one of only six auctioneers to have […] [Read More]

November might have been the last month for a while that truck segments lead their smaller counterparts in terms of retained value.   Midsize pickup trucks may have had the best used-vehicle price strength last month, but continuing a trend discovered in recent weeks, truck segments are now showing greater depreciation than cars. The latest […] [Read More]

Midsize pickup trucks may have had the best used-vehicle price strength last month, but the more intriguing development may be among some slightly larger segments. According to a Black Book analysis, midsize pickup prices on Dec. 1 were down just 1.1 percent from where they were on Nov. 1. This movement represented the lowest month-over-month depreciation of […] [Read More]