There were 8.2 million used cars sold at the National Auto Auction Association’s North American member locations in 2013, according to NAAA’s 17th annual survey, conducted by CliftonLarsonAllen LLP.  Sales of these vehicles were worth a grand total of $75.7 billion. The survey also found there were 15.2 million cars entering these auctions last year, […] [Read More]

Auction prices are falling at a consistent pace, as NADA Used Car Guide is predicting prices to drop by an average of $50 for the second consecutive week.   According to NADA UCG’s AuctionNet data, the expected $50 drop translates to a decline in price of 0.3 percent at auction. In fact, only two segments […] [Read More]

Around 5 p.m. Central Time on April 28, everyone had left Mid-South Auction with the exception of Bob Sullivan and a nighttime security guard. Throughout that afternoon, Sullivan — the vice president and general manager of the Pearl, Miss. auction— had been receiving tornado warnings on his phone. But just before 7 p.m., the tone […] [Read More]

Mid-State Auto Auction of Minnesota is entering into its third year of serving the General Service Administration through fleet vehicles sales. The auction’s first GSA sale this year is scheduled for Friday, and company management pointed out some of these vehicles are the most popular with dealers.   "Our relationship with GSA has been extremely […] [Read More]

Preparing for a busy summer market, Plaza Auto Auction recently expanded its team, adding members to its fleet/lease, title and outside sales departments. First up is Barb Dearborn, the new addition to the company’s fleet/lease department. Dearborn began her tenure at Plaza AA last October, after working in the insurance industry. Now, she handles the […] [Read More]

As overall auction price softening continued last week, one segment bucked the trend: full-size vans. Black Book’s Ricky Beggs pointed the trend out in his latest “Beggs on the Used Car Market” video report, noting this “might be a good time to be a seller of used full-size vans and wagons.” Over the past nine […] [Read More]

April saw strength both in the lanes and on the lots, as used-vehicle sales rose by 4 percent, and the last of the tax-season buying spree provided a boost in the lanes, as well. Manheim chief economist Tom Webb contends recent retail market strength is serving to keep auction prices elevated. And early indications are […] [Read More]

A joint effort of dealerships and employees has led to a big honor for one Midwest auction. Honored as the largest corporate donor ever to a program aimed at helping abused children is independent auto auction KCI Kansas City. The auction was honored at the Jackson County CASA Light of Hope breakfast on April 9 […] [Read More]

To celebrate nearly two decades of partnership between the auction and dealers, Auto Auction of New England will host the Buck Dynasty event on June 5.     Featuring plenty of fleet/lease and consignment vehicles, Buck Dynasty will also include AANE’s annual Specialty Car Sale featuring classic, antique and unique vehicles. "We are looking forward to […] [Read More]

American Auto Auction Group announced today that it has been purchased by Huron Capital Partners, a Detroit-based private equity investor that aims to grow lower middle-market companies in partnership with management through customized buy-and-build strategies.  Serving as the new chief executive officer of AAAG will be Cam Hitchcock, who most recently served as executive chairman […] [Read More]