Capital Automotive Reconditioning Services (CARS) recently announced that two National Auto Auction Association Hall of Fame members have joined its board of directors. Auction icons Tom Cunningham and Tony Moorby join the board with lifetimes of achievements in the auction industry. “We are extremely proud to know that these two gentlemen have accepted board positions […] [Read More]

After falling by 3.7 percent in October, according to NADA data, wholesale price drops are expected to be a bit milder the rest of the year. According to NADA's November edition of Guidelines, depreciation normally becomes more moderate from November through January before tax season sparks the usual spring spikes This month, NADA expects depreciation […] [Read More]

In 28 years with Ally Financial, Robert Stahl has done a little bit of everything. He has worked a repo lot, had multiple leadership tenures in remarketing, ventured into subprime finance and was involved in helping the SmartAuction online platform get off the ground. But one lesson that has stuck with Stahl since his first […] [Read More]

American Auto Auction Group has officially rebranded, chief executive officer Cam Hitchcock announced at the National Remarketing Conference today. “We are excited to officially launch the XLerate brand today. Our team believes that the new brand, which incorporates the attributes of speed and size, will directly benefit our customers throughout the United States,” Hitchcock said in […] [Read More]

Though ADESA’s monthly analysis of used-car prices showed a slight uptick from September, this bump in price may not accurately portray the current environment in the lanes. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, auction prices were up 1.3 percent to an average of $9,678 last […] [Read More]

Dealers selling aged inventory as well as those picking up used cars at independent auctions now have a new transportation option for these vehicles, thanks to Whann Technology Group's new partnership. The company has selected online transport marketplace uShip to power its Whann Logistics platform. The WTG-uShip partnership will work to help dealers get vehicles […] [Read More]

Gas prices have dropped below $3, but it seems both the most fuel efficient vehicles as well as some of the larger units are seeing similar declines in value at auction. Interestingly, according to NADA’s AuctionNet data, on opposite ends of the spectrum, the compact car and large pickups are expected to seem some of […] [Read More]

As multi-platform sales remain a hot-button topic among dealers and auction execs alike, Liquid Motors continues to see increased interest in its Multi-Listing Wholesale Remarketing Service. In fact, the company reported record growth for the tool that serves commercial accounts, auto auctions and dealerships. Over the past two months, Liquid Motors’ customers have listed almost […] [Read More]

AutoTec announced this month that it has completed the upgrade of AuctionACCESS. With its upgrade to Version 4, all subscribing auctions, totaling more than 260, have been updated to include enhanced features, including commercial account credentialing, additional search capabilities and improved image uploading. The upgrade also provides a more efficient user interface and strengthened data […] [Read More]

ADESA, which entered the vehicle-redistribution industry in 1989, plans to celebrate its 25th birthday in an exceptional manner — by giving back to each of its 65 North American auction locations’ local communities through 25 good deeds. Hoping to wrap up the “fun acts of goodwill” by the end of the year, the company’s president […] [Read More]