The management team at Corry Auto Dealer’s Exchange, along with nearly 1,000 participants, is counting down the days to the third annual Barber Beast on the Bay — a fundraiser for the Barber National Institute. Corry ADE officials highlighted the main event kicks off on Sept. 12 with an exciting day of activities that includes […] [Read More]

Cox Automotive chief economist Tom Webb didn’t divulge any confidential Manheim Consulting team data about a consignor’s specific portfolio, but he still managed to illustrate how the firm’s information answered questions about perceived regional differences in wholesale pricing. To close the July edition of Manheim’s Auto Industry Brief, Webb recapped a presentation segment he made […] [Read More]

Those interested in sharpening their auction skills can look forward to an upcoming National Auto Auction Association standards training event in Michigan next month. The upcoming NAAA Auction Standards Training Program will feature two days of classroom and hands-on training for vehicle inspectors, operations managers, account coordinators, arbitration managers or anyone else interested in enhancing […] [Read More]

Barrett-Jackson highlighted what the company called an exciting docket of custom vehicles is coming together for its next event, the third annual Hot August Nights Auction, which will be held Aug. 6-8 at the Reno-Sparks Convention Center in Reno, Nev. Among the most anticipated consignments is a collection of Fords including the 1936 Ford Custom […] [Read More]

While car values depreciated at twice the rate of truck values last week, this may seem like old news — but one new trend is now showing up on analysts' radar. It’s not just the smaller cars feeling heavier depreciation as market correction from tax season highs, mid-size and larger cars are feeling downward pressure, […] [Read More]

Chances are, before the last week, you hadn’t heard about The Appraisal Lane. That was on purpose. Two years in the making, The Appraisal Lane (TAL), a real-time trade network and communication platform for used vehicles designed to conveniently fill the dealer-to-dealer niche with a mobile-friendly solution to provide quick cash offers on vehicles, has […] [Read More]

LeasePlan Corp. — the European parent company of LeasePlan USA — announced on Thursday that it’s being acquired by a consortium of long-term investors. Officials said the total value of the transaction amounts to about 3.7 billion Euros. They added the consortium plans to maintain LeasePlan’s diversified funding strategy going forward, supported by its investment grade […] [Read More]

As Music City Auto Auction of Nashville added another commercial consignor to its lineup, Plaza Auto Auction of Iowa is preparing for its 52nd anniversary celebration in August with the introduction of Edge Simulcast to its weekly sale events. Owner Mark Greb explained Plaza AA launched Simulcast selling earlier this month on all five lanes, […] [Read More]

The Appraisal Lane (TAL), a trade network and communications platform for used-vehicle dealers, announced Tuesday it has hired TrueCar’s former vice president of dealer development. Taking on the position of vice president of sales for TAL is Kenneth Potter, bringing experience from a variety of other well-known organizations, including positions such as the general manager […] [Read More]

Last week in the lanes brought with it price declines for all of the car segments, while once again pickup trucks held their value — a trend that has been witnessed for most of 2015. “Car segment values continue to decline at a steady pace while most pickup and SUV truck segments enjoy strong retention,” […] [Read More]