On the surface, the statistics certainly suggest strong retention. There was a 3.6-percent month-over-month increase and a 2.4-percent year-over-year gain in wholesale prices last month, according to the latest data from ADESA Analytical Services. Based on this growth, it’s a valid assumption that this means the wholesale market is conditioned to take on the kind […] [Read More]

The fact that the date of his upcoming retirement, April 1, coincides with the prank-happy holiday is purely a coincidence. “To start with, that’s not an April’s Fool’s joke,” Ricky Beggs told Auto Remarketing by phone on Tuesday afternoon in his first interview since his retirement was announced.  Yes, the senior vice president and editorial director at […] [Read More]

Black Book announced Tuesday that senior vice president and editorial director Ricky Beggs will retire on April 1 after a 34-year career. “It has been an honor to work alongside Ricky who truly has become an industry legend,” said Black Book president Tom Cross. “His legacy of leadership and his dedication to excellence have left […] [Read More]

XLerate Group — which rebranded itself from American Auto Auction Group during last fall’s Used Car Week — brought on a new chief financial officer on Monday. Joining XLerate after holding posts at organizations such as Auction Broadcasting Co. is Tom Schuler, who now is CFO for the dealer-centric auctions with physical and satellite sale […] [Read More]

Against comparable weeks of 2014, overall auction volume was up 10.7 percent in January, according to the latest Economic Dashboard compiled by NAAA economist Ira Silver. And when drilling down into the group of vehicles up to eight years old — whose volumes were up 8 percent year-over-year on a like-age basis, according to NADA […] [Read More]

Tax season is continuing to drive price retention in the lanes as refunds start streaming in. According to Black Book editorial director Ricky Beggs, the season “continues to bring positive numbers and helped drive the largest number of necessary (price) adjustments in a weekly period in over a year.” During the latest “Beggs on the […] [Read More]

Manheim announced on Friday that it has appointed a new general manager at its location in Darlington, S.C. Previously the assistant general manager of Manheim Phoenix, Danny Brawn has been named as the general manager at Manheim Darlington. “Our goal at Manheim is to continue to recognize top talent and ensure they are positioned to […] [Read More]

As part of the Ford Auction Service Award Program, facilities operated by ADESA, Brasher’s and Manheim all recently earned accolades from Blue Oval remarketing officials. Manheim collected the most honors as operating locations in Chicago, Manheim, Pa., New York and St. Louis were selected as recipients of a 2014 Ford Auction Recognition Award. As part […] [Read More]

Used-price drops slowed as last year closed out, and February is off to a mild start when it comes to depreciation. Signs of tax season are also starting to rear their head. According to the latest Guidelines report from NADA Used Car Guide, used-vehicle prices are expected to rise by 1 percent to 1.5 percent […] [Read More]

Vehicle transport companies deal with numerous clients that purchase or sell vehicles at auctions and request help with shipping. Among these are many dealerships adding to their inventory and car rental companies looking to sell vehicles at auctions. One factor that can impact the viability of auction purchases and/or sales is transportation costs. Maximizing loads […] [Read More]