Metro Auto Auctions has announced that is has named Bill Westlake its director of national commercial sales. Joining the company from the Cox Automotive family, Westlake began his career with Manheim as a senior staff accountant and corporate financial manager. He served as the director of national commercial accounts for the company from 2005 to […] [Read More]

After recapping what happened in July and the early part of this month, Jonathan Banks of NADA Used Car Guide offered projections of how wholesale prices might behave as the industry ventures into autumn during September and October. In the latest online video highlighting commentary from NADA UCG’s executive analyst, Banks predicted that overall wholesale […] [Read More]

After nearly 8-percent year-over-year growth in the second quarter, auction volume through the first half of 2015 stands 7.3 percent ahead of the levels reached in the opening six months of 2014. That’s according to AuctionNet data cited by the NAAA’s latest Auction Industry Report. The report, compiled by NAAA economist Ira Silver, indicates that […] [Read More]

In his debut commentary video, ADESA chief economist revisited one of the year’s most notable events — average wholesale vehicle prices softening below $10,000 last month. To be exact, wholesale used-vehicle prices for July came in at an average of $9,878, a 3-percent drop from June, but a 1.4-percent increase relative to July 2014, according to […] [Read More]

Four ADESA locations, in partnership with the Ford Global Action Team, announced they have raised over $283,000 for JDRF, a leading global organization focused on Type 1 diabetes research. Employees from ADESA locations in Indianapolis; Boston; Buffalo, N.Y.; and Phoenix along with their families, friends and customers participated in local JDRF Walk to Cure Diabetes events. ADESA […] [Read More]

The Greater Rockford Auto Auction has recently opened a 10,000-square-foot reconditioning operations center, otherwise known as “The ROC.” The new facilities includes three assembly line detail lanes, a full mechanical repair shop and a post-reconditioning photography area. The auction said The ROC enables it to boost efficiency and capacity in a big way. “We are […] [Read More]

The largest wholesale auto auction in the world will celebrate its 70th birthday on Wednesday. Manheim Pennsylvania opened its doors with single lane in 1945 — today, it has 33 lanes as well as digital access, selling over 450,000 vehicles per year. The auction’s “Manheim through the Years” event will be hosted on Wednesday and […] [Read More]

Truck depreciation is beginning to come in line with price drops for cars leading to a steady decline in auction prices. According to the latest Black Book Market Insights report, truck depreciation has “picked up steam” over the last few weeks. This movement was highlights so far by last week’s drop of 0.41 percent or […] [Read More]

The TPC Management Co. announced that it has promoted Jiles Wanna to the position of partner with the firm. Wanna has been with TPC for 11 years, serving as the director of business development as well as a member of TPC’s administrative staff for the Auction Academy and ServNet Auctions. “Jiles has been a long standing and […] [Read More]

Insurance Auto Auctions announced Thursday the expansion of its branch in Austin, Texas. The facility now encompasses 57 acres and offers what IAA says is an improved auction experience. Relocated in 2012, the venue began with 37 acres with two covered run-and-drive lanes and 250 feet of covered motorcycle and high-value vehicle storage. “Our expansion […] [Read More]