The month of June has kicked off with our team moving full-speed ahead with planning and prep for this year’s Used Car Week, which will be held Nov. 14-18 at the Red Rock Resort in Las Vegas. Each year at Used Car Week, the unique market conditions within the used-car industry drive the content, as […] [Read More]

The average price of a used vehicle for model years 2010 through 2014 depreciated by 0.5 percent month-over-month in May, according to Black Book data. Cars saw slightly higher depreciation during that period at 1.0 percent, while trucks saw a 0.2-percent slide for the month. Subcompact cars saw the largest depreciation in May at 2.4 percent. […] [Read More]

AutoVIN, which provides audit, inventory verification and inspection resources, has started a national accounts division and installed an executive director. ADESA, of which AutoVIN is a subsidiary, announced that AutoVIN will have a new national accounts team. The company named Amy Weisenburger the executive director of the team. Weisenburger was previously the manager of business development […] [Read More]

Online vehicle auction company Copart has furthered its international reach, this time with the opening of its first location in the Republic of Ireland. This new location, just outside of Carlow in Castledermot, will serve as the base for Copart’s new Ireland auctions and is the latest expansion across Europe following the company’s entry into […] [Read More]

Auction Academy, a continuing education program developed by TPC Management Co. for professionals in the auto industry, reports that the first half of the 2016 academic year has been a success. In February, Auction Academy rolled out a full schedule of its new quarterly Seminar Series, the first of which was its Dealer Sales session. […] [Read More]

About the time Memorial Day rolls around, it seems prices for subcompact cars take a major tumble. Black Book now has seen weekly depreciation for these gas sippers drop by close to 1 percent or more at this point on the calendar for three years in a row. Last week — which was week No. […] [Read More]

As he prepares to take over as manager of the Carolina Auto Auction, Eric Autenrieth is proving that you can go home again. Autenrieth spent 10 years working alongside his parents, Henry and Patty Stanley, after they purchased Carolina Auto Auction. His roles included outside dealer sales rep, sales and marketing manager, fleet/lease manager and […] [Read More]

Mark Lindstrom, owner of Darlington Auto Brokers, wasn’t pleased with the body work that another business had performed on one of his vehicles. So, he took the vehicle to Manheim Darlington’s new Retail Solutions center early last week to have paint and body work done on the truck. Lindstrom was able to pick it up […] [Read More]

KAR Auction Services on Wednesday announced it has acquired GRS Remarketing Limited (GRS), a subsidiary of Greenhous Group Limited. “During the past 20 years, GRS has established a successful online vehicle remarketing business in the UK through robust technology, effective sales and operation, a healthy buyer network and strong relationships with commercial customers,” Jim Hallett, […] [Read More]

A conference call to discuss Copart's recently released third-quarter results revealed increases in both earnings and vehicle volume. For the three months ended April 30, revenue, gross margin and net income were $347.2 million, $157.6 million, and $74.0 million, respectively. These represent an increase in revenue of $50.1 million, or 16.9 percent; an increase in […] [Read More]