Though the fifth week of October is traditionally one of the weakest for auction prices all year, this past week “didn’t stand out,” according to Ricky Beggs. The Black Book editorial director reported in his latest “Beggs on the Used Car Market” video report that this past week’s performance was the “one positive” for the […] [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]

With help from Auto Auction Services Corp. (AutoIMS), the National Auto Auction Association said Friday it was replacing its recently acquired Kink or Bend website on Saturday with "Is It Frame". In an announcement, NAAA said that it will continue providing the data for free in order to help its 333 member auctions maintain compliance with the […] [Read More]

It looks like wholesale price drops are beginning to escalate even more in the fourth quarter, with auction rates expected to decline by almost 2 percent this week. According to NADA’s AuctionNet data, at the industry level, prices in the lanes are predicted to fall by 1.9 percent, or $275, over the course of the […] [Read More]

Having a shared platform appears to have a positive effect on the auction prices of salvaged vehicles. That’s according to Insurance Auto Auctions' recent 2014 Industry Report Six-Month Update, where it has begun to look into the long-term consequences, both positive and negative, of the ever-increasing trend of cross-platform and modular-platform use in vehicles. The […] [Read More]

With gas prices falling at a rapid rate, there are a number of consequent trends popping up in the lanes. But perhaps one of the most dramatic turns last week was seen among the truck segments. Though truck prices have been performing well throughout the year, the segments fell by an average of $94 last […] [Read More]

Though some segments will fall outside the overall trend, wholesale prices are expected to remain flat over the course of this week, despite expected seasonal softness. That’s according to NADA’s AuctionNet data, which shows that losses this week will be led by the compact car segment. This fuel efficient segment is expected to see prices […] [Read More]

The Dealers Auto Auction of Oklahoma City recently announced the hire of a new factory manager. The auction’s owner and president, Gary Smith, revealed that Ricky Wicher will now be assuming the role of factory manager for DAA/OKC, moving from his previous role in the auction’s consignment sales department. “With his background in franchise dealer […] [Read More]

After wrapping up the weakest third quarter for used prices observed since 2002, fourth-quarter rates are expected to continue dropping as fall marks one of the softest seasons for the lanes. Black Book analysts reported on the eight segments expected to lead Q4 depreciation. The team predicts luxury-level segments, which has been dropping in price at a […] [Read More]

Forty cyclists, supported by Cox Enterprises’ Arizona-based Ready Auto Transport, completed a 430-mile bike ride, the Ride 430 Challenge, and raised more than $430,000 for injured military service members and their families. As the lead sponsor, Ready Auto Transport helped cover expenses for the event, including hosting the opening ceremony, providing support for riders along […] [Read More]