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]

Prices fell by two percent in the lanes last month, with some segments seeing rates drop by over 4 percent from 2013 levels. And back in September, used-vehicle prices, after adjusting for MSRP, fell by 0.6 percent from August and 2.7 percent year-over-year, according to the latest RVI Risk Outlook report. What factors are contributing […] [Read More]

Though gas prices have fallen under $3, there has been no major reaction in the lanes due to the rapid decline. According to the Black Book editorial director’s latest “Beggs on the Used Car Market” video report, the average price of gas has now fallen to $2.99, down 6 cents from the past week and […] [Read More]

October didn’t disappoint as a month that historically brings about some pretty dramatic price drops in the lanes. Overall, the average price of a used vehicle for model years 2009 through 2013 saw the largest wholesale price drops this year with a 2-percent decline. And according to Black Book data, this past month, two car […] [Read More]