Used-vehicle depreciation may not have eased as much as expected this past month, after October brought with it significant price declines of 2 percent. According to Black Book data the average price of a used vehicle for model years 2009-2013 still depreciated by 1.9 percent in November, down only slightly from October rates. Domestic cars […] [Read More]

Manheim Pennsylvania’s six weeks of charitable endeavors in its local Lancaster County continues throughout the month of December with a focus on several charities. The events rolled out in November with the company’s Veteran’s Day celebrations, where 2,000 flags were installed around its more-than-400-acre facility in honor of Lancaster County veterans, along with donations topping $2,500 to […] [Read More]

Southeastern Auto Auction’s president and chief executive officer announced the appointment of a newly created position of vice president of operations. Wayne DeLoach, the auction’s president, said that Bill McCready, formerly of Charleston Auto Auction in South Carolina, will take on the responsibility of the new VP position at Southeastern, where McCready will be accountable […] [Read More]

XLerate Group, which was formerly known as American Auto Auction Group until revealing its rebranding last month, announced Monday that it has brought on Pat Dudash as senior vice president of sales. Dudash has held senior sales or remarketing executive positions with Insurance Auto Auctions, ADESA, JM Family and Alamo Rent A Car. Cam Hitchcock, […] [Read More]

Though the holiday was cause for a short week in the lanes, Black Book’s Ricky Beggs still saw a few changing trends at auction. For example, in his latest “Beggs on the Used Car Market” video report, the editorial director pointed out that an overall “bright spot” last week was seen among the car segments. […] [Read More]

It’s been a busy time for the Brasher’s family of auctions, who have had seven different auction locations throughout the West celebrating anniversaries recently, following alongside the group’s 65th birthday this year. The final celebration, held at the end of October, was at Brasher’s Sacramento Auto Auction. Featuring a party sale with nearly 1,000 bidders, […] [Read More]

The future looks plentiful for both dealer and commercial consignment volumes at auction, according to the latest Economy and Auction Industry Report from the National Auto Auction Association. Dealer consignment is up 1.4 percent year-to-date through three quarters, with commercial volume up a much heartier 7.0 percent, according to NADA AuctionNet data cited in the […] [Read More]

Manheim is getting the ball rolling early with the holiday festivities via its "Dashing Through The Lanes" campaign, which began Monday. Taking place through Dec. 22, employees and customers at all 78 of Manheim’s North American operating locations will have the chance to donate to that auction’s charity of choice and sign a card to […] [Read More]

The owners of the 31 ServNet Auctions locations met up at the end of October in Waverly, N.Y. for the Fall Owners’ Meeting. The event, which took place Oct. 23 through Oct. 25, was hosted by the Barber family at State Line Auto Auction. The family, as part of the founding members of the auction […] [Read More]

As dealers and buyers started gearing up for Black Friday sales promotions last week, price trends in the lanes were “interesting,” to say the least, said Black Book’s Ricky Beggs. The editorial director noted in his latest “Beggs on the Used Car Market” video that prices in the auction lanes were described as “all over the board” […] [Read More]