Taking a look at last week’s auction price movement, Black Books editorial director Ricky Beggs said it is evident the industry is “fully engaged in the beginning of the fall market.” We have now officially begun the season, and the signs are showing in the lanes. Beggs pointed out in his latest “Beggs on the […] [Read More]

Brasher’s Portland Auto Auction has announced the addition of Nissan and Infiniti Remarketing Services. The Nissan-based consignor will take part in its first sale with Brasher’s on Oct. 16. Jerry Hinton, the auction’s general manager, noted that Brasher’s will host monthly sales events for Nissan and Infiniti Remarketing. “At Brasher’s Portland Auto Auction, Nissan and […] [Read More]

Leasing levels dropped significantly during the recession, and though rates have ramped back up as of late, so has the number of long-term auto loans. This trend has many dealers worried about lengthening sales cycles, and it turns out, the trend might prove to be detrimental to consumers — a recent study from Donlen shows after 36 […] [Read More]

ServNet has added Winchester Auto Auction in Bunker Hill, W. Va. to its list of members. The auction has been owned by the Angelicchio family, also owners of Pittsburgh Auto Auction, since early 2014. Patty Stanley, ServNet’s president, believes the auctions ownership and ideal location will make it an ideal fit into ServNet’s auction family. “The Winchester […] [Read More]

It’s mid-morning on a Monday, and Manheim North Carolina is already buzzing with activity. The overlapping chants of auctioneers hum from the lanes all the way through the parking lot leading in to the facility — which is filled with the smell of fresh popcorn and sounds from the first batch of some 2,100 cars […] [Read More]

Ready Auto Transport announced this week its Saturday golf tournament raised $70,000 to aid injured soldiers. As hosts of the fifth annual Freedom Swing Golf Tournament, Ready Auto Transport’s charity funds raised at the event were donated to The Free Wheel Foundation to help injured service members and their families. Steve Wheeler, Ready Auto Transport’s […] [Read More]

Higher-end models continue to see some of the biggest price declines in the lanes as we head toward cooler weather. NADA predicts wholesale prices to drop by an average of 1 percent, or $150, this week, with the luxury models seeing some of the biggest declines. For instance, luxury cars are expected to see a decline […] [Read More]

The seasonally adjusted annualized rate of new-vehicles recently eclipsed a more-than-eight-year high, reaching 17.5 million units in August, according to the latest edition of Guidelines from NADA Used Car Guide. And one of the offshoots of a stronger new-car market has been a boost in trade-ins, and this impact has trickled down into the auction […] [Read More]

On Monday, Manheim launched this year’s national fall promotion titled “Raise Your Game,” a campaign the company said is designed to educate customers on how they can best tailor Manheim remarketing solutions to fit their needs and take advantage of a wide range of service offerings. With Labor Day weekend in the past and millions […] [Read More]

Price drops in the lanes heated up this past week, with both the cars and trucks seeing larger declines. According to the latest “Beggs on the Used Car Market” report, the car segments saw prices drop by an average of $73, while trucks fell by an average of $64. Black Book editorial director Ricky Beggs […] [Read More]