It seems the impending fall market may have already begun affecting prices in the lanes as summer was wrapping up. According to the latest RVI Market Updata report, the RVI Used Vehicle Price Index fell by 1.6 percent in August when compared to July. Year-over-year, the index fell by 2.6 percent last month. And the […] [Read More]

With the arrival of fall, auction prices are on the way down. However, declines haven’t been as extreme as expected — at least not so far. Black Book editorial director Ricky Beggs said he was surprised at the slight nature of last week’s price adjustments in the lanes. Though car prices fell by an average of $84 […] [Read More]

The latest respective philanthropic efforts by Manheim and Dealer’s Auto Auctions are designed to help some worthy constituencies — military veterans and impoverished youth. Basketball fans might remember this name from the 1990s: Anfernee “Penny” Hardaway. Dealer’s Auto Auctions kicked off a two-day fundraising campaign with a silent, and not-so-silent auction of some of Hardaway’s NBA […] [Read More]

Auction Edge announced that it has added several new auctions to its national network and says it has also increased participation across all of its product lines. The company has also expanded its suite of product offerings. In addition to Edge ASI, Auction Pipeline and Edge Simulcast, the company now offers Edge Multi-List, Edge Lookout and […] [Read More]

At the NAAA Convention in Boston, the National Independent Automobile Dealers Association awarded its 2014 Auto Auction of the Year honors to Dealers Auto Auction of Huntsville, Ala. The award, which began back in 2008, is designed to highlight an NAAA member showing the highest level of customer service and resources for NIADA dealers, while also […] [Read More]

Ron Smith, chief executive officer of S&A Cherokee and Publisher Emeritus of Auto Remarketing, earned the National Auto Auction Association 2014 Marie Hingst Exhibitor of the Year Award during the 66th Annual NAAA Convention & Exposition in Boston this week. Smith has long been a highly visible fixture in the remarketing industry as publisher of […] [Read More]

KCI Kansas City’s 5th Annual Guitars and Cars Sale brought over 1,000 buyers to the two-day sale for record-breaking results at the end of August. With more than 2,000 vehicles crossing the block, the auction successfully sold 58 percent of its consignment during the event. According to Doug Doll, the auction’s co-owner, the only thing […] [Read More]

With the National Auto Auction Association’s annual conference about to start, Manheim highlighted the success of its fast-growing mobile auction network, which is now available in more than 10 states and expanding soon into Canada. Even though the network has been operating for more than 10 years, Manheim highlighted dealers are still discovering this solution […] [Read More]

As we enter the fall market, auction prices are continuing to weaken. According to NADA AuctionNet data, prices are expected to drop by 0.7 percent or $100 this week. That’s after cars dropped by an average of $66 and the trucks fell by $45 last week, according to Black Book data. All the segments NADA […] [Read More]

When you walk the halls and auction space at Manheim North Carolina, it doesn’t take long before Ellie Johnson shares a kind “hello” or “good morning” with her customers, employees or colleagues. And then another and another. The general manager of this Kenly, N.C., auction has grown up here — both in the geographic and […] [Read More]