By meeting or exceeding remarketing performance goals, eight auto auctions nationwide have earned this year’s Top Auction Awards presented by Donlen. The company made the award announcement on Tuesday. Each year, the company recognizes top auto auction partners that work closely with the company in its remarketing program. “The partnership we form with auction partners […] [Read More]

As part of its ongoing commitment to deliver the type of auction experience customers expect, Manheim bolstered its support team on Monday with a pair of executives. Manheim named Tony Drummond as vice president of customer experience and Jim Williams as vice president of operations support. Both executives will report to Ashish Bisaria, senior vice […] [Read More]

Though prices in the lanes seemed to be evening out after tax season spikes, rates started ascending once again last week. Black Book’s Ricky Beggs explained this unusually long spring market is likely due to the tougher winter weather the industry experienced this year. As a result, spring market strength started a bit later and […] [Read More]

After Black Book reported wholesale prices were returning to normal earlier this week, NADA Used Car Guide reinforced that assertion as it predicts wholesale prices will fall by 0.3 percent or $50, after seeing large price hikes in March. The slight decline will bring the average industry price down to $17,225 by the end of […] [Read More]

Based on what Manheim’s Tom Webb observed in the first half of the month, wholesale prices appear to be down slightly in April. In a Twitter post on Wednesday, the chief economist at Manheim Consulting said used prices in the first 15 days of the month have slowed compared to March. It’s a bit too […] [Read More]

Following the success of its 13th Anniversary Sale last month — where a 2014 Nissan Versa was awarded — Dealers Auto Auction of Idaho will be conducting another giveaway at the end of this month. The auction said it will be giving away a 2014 Mitsubishi Mirage that it purchased from Bronco Motors Mitsubishi at […] [Read More]

Dent Wizard International recently named a former rental car company executive with more than two decades of experience to be its new director of business development for its rental business. Joining the company is Pete Stuckert, who will focus on strengthening and expanding Dent Wizard’s relationships with major rental companies throughout North America, leading Dent […] [Read More]

Tax season ends today with the IRS tax filing deadline, and most likely, so will many seasonal price hikes in the lanes. Black Book picked out five car segments, in particular, that are expected to see significant near-term price declines. Every dealer is familiar with what the February through April time frame means: thousands of […] [Read More]

Barrett-Jackson posted the strongest sales results in the history of its auctions in Palm Beach, Fla., this past weekend. Officials highlighted that Ford and General Motors partnered with Barrett-Jackson to bring unique vehicles to the auction. Barrett-Jackson chairman and chief executive officer Craig Jackson noted on Monday that consignments reached a new high, the caliber […] [Read More]

If last week’s price movement is any indicator, spikes in wholesale prices may finally be slowing down as Tuesday marks the IRS tax filing deadline. Wholesale prices rose 6 percent in March on a monthly basis and 4 percent from the same period last year, averaging $10,429, according to ADESA Analytical Services’ data. But rates […] [Read More]