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]

Late last week, NADA Used Car Guide was anticipating that auction prices would continue to correct from tax-season highs. According to NADA Used Car Guide AuctionNet data, wholesale prices were expected to fall by 0.3 percent, or $50, last week. There are only two segments that were expected to see prices increase during the week: […] [Read More]

Dealer’s Auto Auction Group is sending 15 of its employees to the International Automotive Remarketers Alliance's Certified Automotive Remarketer Program. The IARA CAR Program offers a 20-course curriculum scheduled within a five-unit series covering all aspects of the vehicle remarketing profession.    “The IARA provides us with a number of valuable education forums and initiatives […] [Read More]

With more and more dealers and buyers snatching up inventory through digital channels as a complement to physical auctions, as well as buyers and sellers calling for stronger vehicle images in condition reports both in-lane and online, enhanced imagery is becoming increasingly important. Manheim is showing its customers just how aware they are of image […] [Read More]

Though wholesale prices remained at high levels in April, the recent trend of seasonal market softening has taken hold. According to ADESA Analytical Services, wholesale values sat at an average of $10,468 last month, up 0.3 percent from March and up 3.7 percent year-over-year. Midsize and mini SUVs had the strongest month-over-month and year-over-year price […] [Read More]

Ally Financial has recognized top performing auctions for 2013 with the SmartLane Auction of the Year Award and the SmartAuction Mid-Stream Auto Auction of the Year Award. Announcing the winners this week, Ally said top honors for its SmartLane performance went, for the second consecutive time, to ABC St. Louis Auto Auction of East St. […] [Read More]

Insurance Auto Auctions has announced the opening of a new branch, a facility the company says is essential to its continued growth across North America. With an official grand opening held on May 6, IAA's new state-of-the-art, 32-acre auction facility is located in Tulsa, Okla. The facility includes a 10,000-square-foot building and will utilize 17 […] [Read More]