September is kicking off with lower used-car prices than expected, perhaps, as August’s auction price declines far exceeded initial predictions — at least through half the month. In a post on NADA’s Used Car & Truck Blog on Wednesday, NADA automotive analyst David Paris pointed out that used-vehicle depreciation for units up to 8 years in age had dropped […] [Read More]

ServNet Auctions  have been making moves in the remarketing industry during the summer months. DAA Northwest presented its Rock & Roll Sale in the middle of July, bringing dealers from the U.S. and Western Canada to Spokane, Wash. for the event. The sale featured consignments from Ford, Harley-Davidson, Avis and Toyota, among others, and brought 1,000 dealers […] [Read More]

Cox Automotive named a senior vice president and chief people officer today, appointing Rock Anderson to the role, effective immediately.   Anderson had been Manheim’s regional vice president – West Regional Operations. Filling that position now is Barry Roop, Manheim’s market vice president for the Texas market. Roop, as some may know, was president of the […] [Read More]

For any NAAA-member auctions interested in participating in Auto Remarketing’s “Auction Life” feature — which is part of our annual National Auto Auction Association Convention Issue — the deadline to submit photos is this week.  This special section of our NAAA Issue will include photos from auctions across the country, sharing bits of the day-to-day life from […] [Read More]

Last week, gas prices dropped for the seventh week in a row, and some of the more fuel-efficient segments are following suit at the auction. Prices at the pump dropped to a national average of $3.47 per gallon last week, and Black Book’s Ricky Beggs pointed out the three smaller, more fuel-efficient segments saw the […] [Read More]

Manheim announced that six of its auctions wiill celebrate fifty or more years of business this year. Manheim Area Illinois, which opened in 1949, will celebrate its 65th year of business on Sept. 16, when it will host a 65-inch television raffle and other assorted giveaways. Manheim locations in Seattle, Chicago and New York will […] [Read More]

Lease return numbers could soon double the amounts seen just last year and one auction group, in particular, said it is taking measured steps to meet the surge in supply. In the group’s latest newsletter, ServNet president Patty Stanley says the network of auctions is ready for the 2.5 million lease returns expected to hit the remarketing […] [Read More]

Auto Remarketing has learned that former Indiana Auto Auction vice president and general manager Dale Flora passed away on Wednesday. He was 69. According to an obituary posted here on the website of McElhaney-Hart Funeral Home, Flora held those leadership roles at Indiana Auto Auction for 39 years before retiring in August 2009. In addition to his roles […] [Read More]

The latest expansion move and membership services upgrade for the National Auto Auction Association came Thursday: NAAA announced it has acquired an information technology company known as Kink Or Bend LLC that can help auction members determine if they need to disclose quarter panel replacement on a vehicle. The company’s specialty is in developing online resources […] [Read More]

Is a sharp correction in used-vehicle prices imminent? The National Automobile Dealers Association expects used-vehicle prices will indeed start to fall — but gradually, not all at once. After the Great Recession, a sharp decrease in new-vehicle sales greatly reduced the supply of late-model used vehicles. At the same time, price-conscious consumers opted for more […] [Read More]