In an effort to ramp up its business outside of North America, KAR Auction Services announced this week that its subsidiary ADESA (UK) Limited acquired HBC Vehicle Services. Headquartered in Canvey Island, England, HBC specializes in salvage vehicle auctions and related services. “This acquisition is the start of our expansion into new global markets, and […] [Read More]

The ServNet Auction group recently highlighted the wave of summer-season sales its independent auctions plan to host in the coming months. “The summer promotions at ServNet are trend-setting events, and for years have defined the season,” said Patty Stanley, the group’s president. “They bring customers together from all parts of the country for good times […] [Read More]

Used vehicle deprecation in May accelerated at a quick pace after tax season came to a close, but price drops in the lanes are expected to slow this month. Last month saw depreciation ramp up to the fastest rate seen in more than six months. That’s according to the latest edition of Guidelines from NADA […] [Read More]

ADESA announced that it has made several enhancements to the ADESA.com website. “Our team is constantly evaluating our online offerings and communicating with our customers about their experience,” said Stéphane St-Hilaire, the company’s president and chief executive officer. “We utilize this feedback to continuously develop and implement creative solutions that streamline and enhance user experience […] [Read More]

Last week, auction price depreciation broadened across the board, continuing a downward trajectory that began in May after tax season came to a close and one that will likely continue through the summer. According to Black Book data, the average price of a used vehicle for models years 2009-2013 fell by 1.2 percent month-over-month in May. Import […] [Read More]

In Tuesday’s Auto Remarketing Today, we recapped Kelley Blue Book’s analysis on the used-car segments with the greatest movements (up or down) in auction prices during May. And now, we’ll show you which individual models saw their values change the most during the month.   The latest Blue Book Market Report breaks down the top 10 […] [Read More]

Though trucks had been defying depreciation trends seen in the car segments so far this spring, it looks like the pickups and SUVs joined their smaller counterparts last week. According to Black Book’s latest Market Insights Report, last week the lanes showed broader declines for the majority of the car segments, and even many of […] [Read More]

While the auction value for the average vehicle segment declined 1 percent between May 1 and May 29, there were a few segments in Kelley Blue Book’s data set that bucked the trend, including three that actually showed an increase. The latest Blue Book Market Report breaks down the top five and bottom five performing segments […] [Read More]

June is a special month for Manheim, as two of its individual auction locations will celebrate 50 years or more of business with anniversary sales in the coming weeks. Manheim Omaha will host its 57th anniversary sale on Thursday, coined as the “Hit it Home” sale, while Manheim Milwaukee will celebrate its 50th anniversary on […] [Read More]

Auction Edge and vAuto finalized a partnership on Monday to enable integration of EDGE Pipeline and EDGE Simulcast with vAuto Genius Labs’ AuctionGenius. The companies highlighted the partnership enables wholesale buyers to use AuctionGenius as they prepare for and participate in live physical and online sales at independent auctions across the country. EDGE Pipeline can […] [Read More]