After seven years and 488 videos, Monday was the final edition of the “Beggs on the Used Car Market” report, as Ricky Beggs — auto analyst extraordinaire and staunch Georgia Bulldogs supporter — gets set to retire on April 1. But before the Black Book senior vice president and editorial director signed off for a […] [Read More]

Dent Wizard International announced Friday that is has hired a new regional business development manager for its Mid-South region. Formerly a brand manager for Aston Martin and a general manager for multiple dealerships, Kaylene Cohen joins the Dent Wizard team with over 15 years of experience in the automotive industry. In her new role, Cohen […] [Read More]

Raymond and Joey Wilkes, a father-son team with more than 50 years of automotive experience, on Friday opened Capital City Auto Auction, a new independently owned and operated facility in Ohio. The owners highlighted their management and staff are committed to combining the warm and friendly feel dealers enjoy at auctions with technology and all […] [Read More]

There are a few different ways to look at the increase in off-lease volumes expected to hit the wholesale market in 2015 and in years to come. One, of course, is the macro numbers. In a recent Perspective report, NADA Used Car Guide predicts this year will show another 20-percent rise in off-lease volumes, which are […] [Read More]

In auction news this week, ARI honored Louisiana’s 1st Choice Auto Auction as one of its leading providers, and Manheim announced it is once again sponsoring The Kyle Petty Charity Ride Across America to support Victory Junction — a camp created to enrich the lives of children with chronic or life-threatening illnesses. First up, for the […] [Read More]

Low gas prices and lots of winter weather compounded to bring strength to SUV prices at auction last month. According to the latest data from Black Book, the average price of a used vehicle for model years 2009-2013 dropped by an average of 1.2 percent in February, which showed no change from January depreciation. SUVs […] [Read More]

The latest action by Federal Trade Commission regarding online reviews didn’t fall within the spectrum of how a dealership performed; rather in connection with a segment of the wholesale space. The regulator said AmeriFreight, a vehicle shipment broker based in Peachtree City, Ga., has agreed to a settlement with the FTC that will halt the […] [Read More]

The last week of February — although snowy — was a positive one in the auction lanes, as both cars and trucks saw the lowest price drops experienced over the past three weeks. “This is an expected trend based on seasonality patterns that we have tracked and studied for the past decade,” said Black Book […] [Read More]

The Independent Auction Group and the International Automotive Remarketers Alliance have signed a four-year sponsorship agreement, IAG announced Monday. Under the agreement, IAG becomes the lead sponsor of the IARA’s Summer Roundtable and IARA’s website. The first IAG-sponsored event will be during the IARA Summer Roundtable scheduled for Aug. 18 and Aug. 19 at the […] [Read More]

In announcing its fiscal second-quarter and six-month results, Copart Inc. highlighted a decrease in revenue and vehicle sales, with bright spots being a spike in service revenue and inventory. Copart experienced a revenue slide of $10.2 million or 3.6 percent during their second fiscal quarter, a move the company’s management team discussed in more detail […] [Read More]