Winter is only a few weeks away, but if last week’s price movement is any indicator, it feels a bit more like spring in the auction lanes. Prices at auction last week showed the lowest depreciation rates in months, illustrating price movement seen more often closer to tax season. Black Book editorial director Ricky Beggs […] [Read More]

The upturn in wholesale vehicle prices “showed a more sizable gain” in November, according to the latest update of the Manheim Used Vehicle Value Index. After ticking up in October, Manheim determined the movement of wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) pushed the November index reading to 123.3, which represented […] [Read More]

ServNet recently announced several adjustments to its leadership team. At its fall owners’ meeting, Eric Autenrieth, co-owner and general manager of Indiana Auto Auction, was elected to the group’s board of directors. Autenrieth, also the group’s representative to the International Automotive Remarketers Alliance, succeeds Brad Sturgeon, of DAA of the Rockies and DAA of the […] [Read More]

The Pennsylvania Department of General Services announced this week that it will be hosting the final state vehicle auction of the year on Tuesday. The auction, which will feature nearly 500 vehicles for public bidding at the Manheim Central Penn Auto Auction, was featuring a preview period through Monday. “We are closing out the year with […] [Read More]

Dealers and buyers that use AuctionEar — a mobile app developed by Xcira, which adds audio and video to the company’s mobile bidding platform — can now use the tool on their smartphones and mobile devices. The app is now available for both IOS and Android devices. The tool first launched in August, and the […] [Read More]

Used-vehicle depreciation may not have eased as much as expected this past month, after October brought with it significant price declines of 2 percent. According to Black Book data the average price of a used vehicle for model years 2009-2013 still depreciated by 1.9 percent in November, down only slightly from October rates. Domestic cars […] [Read More]

Manheim Pennsylvania’s six weeks of charitable endeavors in its local Lancaster County continues throughout the month of December with a focus on several charities. The events rolled out in November with the company’s Veteran’s Day celebrations, where 2,000 flags were installed around its more-than-400-acre facility in honor of Lancaster County veterans, along with donations topping $2,500 to […] [Read More]

Southeastern Auto Auction’s president and chief executive officer announced the appointment of a newly created position of vice president of operations. Wayne DeLoach, the auction’s president, said that Bill McCready, formerly of Charleston Auto Auction in South Carolina, will take on the responsibility of the new VP position at Southeastern, where McCready will be accountable […] [Read More]

XLerate Group, which was formerly known as American Auto Auction Group until revealing its rebranding last month, announced Monday that it has brought on Pat Dudash as senior vice president of sales. Dudash has held senior sales or remarketing executive positions with Insurance Auto Auctions, ADESA, JM Family and Alamo Rent A Car. Cam Hitchcock, […] [Read More]

Though the holiday was cause for a short week in the lanes, Black Book’s Ricky Beggs still saw a few changing trends at auction. For example, in his latest “Beggs on the Used Car Market” video report, the editorial director pointed out that an overall “bright spot” last week was seen among the car segments. […] [Read More]