Many in the industry may have wondered why prices in the collectible car market have been soaring as of late. In fact, according to Black Book data, exotic vehicles appreciated by 38.3 percent year-over-year in April. For those wondering, Black Book analysts are attributing part of this steep price increase to what they are coining, the […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q&A format, we talk about best practices, auction industry trends and more. The latest in this series features Levi McCoy,  who is the director of remarketing at LeasePlan […] [Read More]

Manheim announced Tuesday that it has promoted one of its employees to the position of general manager at Manheim Nevada. Continuing his seven-year run with Manheim and filling the GM position is Eddie Lafferty, who joins the Nevada location from his previous post at Manheim Seattle, where he served as assistant general manager since 2012. […] [Read More]

As seasonal strength wanes, trends seen throughout 2014 in the auction lanes are showing up once again. That is, truck values remain stable as car prices are starting to slide, as we approach the summer sales slowdown. In the latest Black Book Market Insights Report, analysts reported that a growing number of car segments are […] [Read More]

As its parent company, KAR Auction Services, received another accolade, business unit Insurance Auto Auctions announced on Tuesday that its newest salvage auction location in Shady Spring, W.Va., is now open. The newest branch that company leadership says can service three different states is located at 4163 Pluto Road in Shady Spring. Insurance Auto Auctions […] [Read More]

Donlen has announced the winners of its Top Auction Awards, which the company gives annually to recognize its top auction partners that help maintain the company’s level of service in its remarketing program. “The partnership we form with auction partners is a vital component of our remarketing program and its success,” said Dan Powers, the […] [Read More]

ADESA announced recently that one of its locations, ADESA Golden Gate, was named the Auction of the Year for 2014 by VW Credit Inc. based on year-round measurements of key performance indicators. The auction location was also recently honored with LeasePlan’s 2014 Stellar Performance award as well as with General Motors’ Overall Achievement awards for […] [Read More]

KAR Auction Services might not nearly be finished acquiring independent auctions, with chief executive officer Jim Hallett saying there are “five to 10 really good strong independents that we would be very interested in acquiring if the opportunity presented itself.” Back in March, KAR announced that business unit ADESA expanded its presence in Pennsylvania with the […] [Read More]

It turns out prices in the lanes stayed consistent last month, even as April marked the end of tax season and historically the market strength that comes with it. According to Black Book data, the average wholesale prices for vehicles model years 2009 through 2013 went largely unchanged last month. “The fact that we’re looking at […] [Read More]

Auction Broadcasting Co. recently announced a new general manager for its ABC Baton Rouge location. Hired for the position was Colin Chancellor, whose background in the auction business goes back more than 22 years. Chancellor started his auction career in November 1993 working for Stuart Frankenthal, who owned both Louisville and Cincinnati Auto Auctions, as […] [Read More]