Though most dealers are used to wholesale prices falling right along with the leaves, the tides turned a bit this past November. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, wholesale prices rose by 1.8 percent compared to October. The average price of $9,862 in the lanes […] [Read More]

Insurance Auto Auctions Inc. announced this week that it has raised over $142,000 to donate to Alex’s Lemonade Stand Foundation for the purpose of raising awareness and funds to battle childhood cancer.                                               Just […] [Read More]

Black Book on Tuesday promoted one of the many industry experts featured at Used Car Week — Jared Kalfus. Kalfus now is senior vice president of sales, expanding his current role overseeing data licensing and lender solutions to now include the sales team of Black Book’s Activator division. The company contends the promotion further solidifies […] [Read More]

Two northeastern Manheim locations have been going to work to give back to charitable organizations during this holiday season. Manheim New York, located in Newburgh, N.Y., ran a food drive in November to support its local St. Francis of Assisi Food Pantry. The auction matched the donation of food collected by its employees and its customers. […] [Read More]

It was announced by company president Ben Lange on Monday that America’s Auto Auction has acquired Harrisburg Auto Auction, a move that brings its auction count up to 11. “We are extremely pleased to welcome Harrisburg Auto Auction and its team led by industry veteran Lynn Weaver, to the America’s family of auto auctions,” Lange […] [Read More]

Winter is only a few weeks away, but if last week’s price movement is any indicator, it feels a bit more like spring in the auction lanes. Prices at auction last week showed the lowest depreciation rates in months, illustrating price movement seen more often closer to tax season. Black Book editorial director Ricky Beggs […] [Read More]

The upturn in wholesale vehicle prices “showed a more sizable gain” in November, according to the latest update of the Manheim Used Vehicle Value Index. After ticking up in October, Manheim determined the movement of wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) pushed the November index reading to 123.3, which represented […] [Read More]

ServNet recently announced several adjustments to its leadership team. At its fall owners’ meeting, Eric Autenrieth, co-owner and general manager of Indiana Auto Auction, was elected to the group’s board of directors. Autenrieth, also the group’s representative to the International Automotive Remarketers Alliance, succeeds Brad Sturgeon, of DAA of the Rockies and DAA of the […] [Read More]

The Pennsylvania Department of General Services announced this week that it will be hosting the final state vehicle auction of the year on Tuesday. The auction, which will feature nearly 500 vehicles for public bidding at the Manheim Central Penn Auto Auction, was featuring a preview period through Monday. “We are closing out the year with […] [Read More]

Dealers and buyers that use AuctionEar — a mobile app developed by Xcira, which adds audio and video to the company’s mobile bidding platform — can now use the tool on their smartphones and mobile devices. The app is now available for both IOS and Android devices. The tool first launched in August, and the […] [Read More]