After holding strong and steady last week, auction prices are expected to begin their usual late spring decline. This week, NADA Used Car Guide is predicting auction prices to fall by an average of 0.3 percent, or $50. This will bring the average wholesale price down to a still strong $17,225. Most weeks so far […] [Read More]

DAA Northwest recently teamed up with fellow independent operation Norwalk Auto Auction as well as ADESA and Manheim in support of Toyota Financial Services’ Boys & Girls Clubs fundraising drive. Together with DAA Northwest and additional auction contributors, TFS presented a check for $500,000 to 35 Boys & Girls Clubs during the March 17 diplomas […] [Read More]

With General Motors providing rental cars to the owners of vehicles affected by its recent ignition-switch recall actions, there are bound to be effects in the remarketing world. Black Book editorial director Ricky Beggs talked to Auto Remarketing on Wednesday about how, exactly, those outcomes might surface in the auction lanes. To meet the strong […] [Read More]

It’s a big week for award-winning auctions, as industry accolades continue to roll in. On Wednesday, Fiserv released its top auctions list, just one day after Donlen did the same. Leading the Fiserv list as the top performing auto auction house of 2013 is Carolina Auto Auction, based in Anderson, S.C., which has ranked in […] [Read More]

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]