It is late summer 1995 in New York City — one year before its Yankees reignited their baseball dynasty and won their first of four World Series in five years, one year after its Rangers reached hockey’s mountaintop and its Knicks got oh-so-close in basketball. And meeting in the singles finals of the U.S Open tennis […] [Read More]

When Patsy Staub drove by Manheim Pennsylvania auction 28 years ago, she wasn’t sure exactly what went on all day at the mammoth facility that stretches for acres upon acres of Lancaster County. “And then I saw a job advertisement, and I thought, ‘Oh, I’ll go in and check it out,’” Staub said. “If anybody had […] [Read More]

The exercise seemed simple enough. Or so I thought. Fill out a condition report on one of the vehicles sitting in the auction arena just outside the classroom at ADESA Charlotte. While the actual attendees of NAAA's Auction Standards Training class went right to work, knowing exactly where to go as they furiously filled in boxes […] [Read More]

With their values down 10.5 percent, entry-level cars have shown the most depreciation of any segment since the beginning of May, according to Black Book. And last week, that downhill movement only continued. So, given how the supply of off-lease and rental cars is ramping up at auctions — which could potentially drive these prices […] [Read More]

FLD Inc. announced that it has named a new sales director. The company has appointed Mike Agnew as its national heavy-duty sales director. Bringing over two decades of experience to the position, Agnew will work as a wholesale heavy duty truck buyer, leveraging his experience from past experience working with OEMs, Kenworth, Peterbilt, Freightliner and Heavy […] [Read More]

The National Auto Auction Association Convention is just weeks away, and Auto Remarketing is celebrating the annual event and the auction industry with our yearly NAAA Convention issue. One of the special sections in that magazine (our Sept. 15 edition) is the annual “Auction Life” photo spread, where we invite NAAA-member auctions to submit photos […] [Read More]

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]