It won’t be a “Saturday in the Park,” but rather a “Wednesday at the auction” when DAA Northwest hosts its annual Rock & Roll Sale. The auction has announced that Chicago will be the featured headliner at the July 20 event. “Every year, DAA’s customers, employees and vendors wait for this announcement with anticipation,” said DAA […] [Read More]

It has been unseasonably chilly and cloudy near the North Carolina offices of Auto Remarketing in recent days — to the point where it doesn't quite feel like spring.  Folks selling used cars in the wholesale market probably can relate.  Black Book released a pair of analyses on Tuesday, one detailing wholesale price movement over […] [Read More]

KAR Auction Services said Tuesday it has launched a Data Science Solutions Group that aims to help customers improve business decisions through analytics and predictive modeling. KAR DataSci will be led by Dr. Huey Antley, who was most recently vice president of marketing analytics for KAR’s Automotive Finance Corp. subsidiary. Antley will report to KAR […] [Read More]

Barrett-Jackson tabulated that it sold more than $23.2 million in collector cars and automobilia while attracting dramatically more bidders and attendees during its 14th annual Palm Beach Auction this past weekend. On Monday, the company highlighted this year’s Barrett-Jackson Palm Beach auction increased sales year-over-year with a higher average vehicle price in front of 65,000 […] [Read More]

Two decades ago, Paul Lips — who had been in the Indianapolis area working in public accounting since graduating from Ball State University in 1990 — received a call. It was about an opportunity with this auction company in the area known as ADESA, and he decided to go in for an interview. “I came in […] [Read More]

Cox Automotive chief economist Tom Webb looked to quell any negative reactions because wholesale used-vehicle prices declined again in March, marking the third consecutive drop. The streak left the Manheim Used Vehicle Value Index — a measure of wholesale prices adjusted for mix, mileage and season — at a reading of 122.5 in March, representing […] [Read More]

ADESA has named Paul Lips its chief operating officer for the U.S. He is being promoted from his current role as executive vice president of operations and finance. This move coincides with a new structure for ADESA’s auction groups. In the new post, Lips will head up the entire U.S. auction operations group for ADESA, […] [Read More]

I have to give kudos to Tony Moorby and his excellent historical perspective during his presentation at CAR. The one key piece I focused on and pondered during the entire conference, because it intrigued me, was when he reminded us all that when we thought the sky was falling when governments outlawed odometer and title "adjustments," the […] [Read More]

This week, MetroGistics promoted three of its employees into managerial positions at the automotive logistics services provider. Brittany Twist, Alisha Bray and Alycia Lamartina all have new roles as Twist is now claims manager while Bray and Lamartina are both operations managers “We’re thrilled to promote all three valued employees,” MetroGistics co-founder and managing partner […] [Read More]

Continuing a theme in the Black Book Market Insights report series, wholesale truck prices are softening amid the spring selling season’s peak.  And, really, the early part of 2016, in general.  This downturn for many segments so far this year runs contrary to the trends spotted in the second half of last year, according to Black […] [Read More]