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]

Wrapping up what would be the weakest third quarter for used prices since 2002, wholesale prices softened once again last month. According to the September installation of ADESA chief economist’s Kontos Kommentary, this marked the fifth month in a row auction prices have fallen. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices […] [Read More]

The National Auto Auction Association announced this week that it has increased funding for its Warren Young, Sr. Scholastic Foundation, to be used for its annual merit scholarships, by $1,000. The new total funding amount, $52,000, will continue to help allow the nonprofit organization to give scholarships for both full-time and part-time students pursuing education […] [Read More]

Strategic Vision has added a new wrinkle to its Total Value Index study, the latest results of which were released Tuesday. Blended with the new-car owner input in this latest batch of rankings — including measures like expected reliability, expected MPG, price paid and so forth — is residual value information provided by ALG. “Value will […] [Read More]

After falling for the third straight month in September, auction prices are expected to continue their downward trend this month. Last month, wholesale prices of vehicles up to 8 years in age fell by 3.6 percent from August, according to NADA Used Car Guide’s October Guidelines report. This decline was well above the 2.8 percent […] [Read More]