Two weeks ago, the proportion of price adjustments in lanes that were positive rose to a yearly high of 68 percent. Now, the bar has been pushed even higher, says Black Book’s Ricky Beggs. In his latest “Beggs on the Used Car Market” video report, he said that last week, over 71 percent of all […] [Read More]

ADESA Golden Gate has picked a new general manager. Revealed late last week, Jeff Hoyt has taken on the role of GM. Commenting on the news, ADESA president and chief executive officer Stéphane St-Hilaire said, “Jeff has dedicated himself to making ADESA Golden Gate one of our top auctions for more than 20 years.  “I […] [Read More]

To support the Keystone Wounded Warriors organization, Manheim Pennsylvania recently raised $70,000 as a donation to Keystone Wounded Warriors, which is a portion of proceeds from the third-annual Xtreme Spring Event. Auction officials highlighted a spring charity gala to benefit veterans also was held as part of two-day event. Manheim Pennsylvania hosted what it called […] [Read More]

Wholesale prices are still on the upward swing as March comes to a close and we near the end of tax season, according to AuctionNet data provided to Auto Remarketing. Meanwhile, pre-owned retail prices observed on Cars.com seem to have been on a different track. According to Cars.com data, overall used prices on the site […] [Read More]

Winter was tough this year, even for residents of New York who are accustomed to heavy snows. But one ServNet auction demonstrated its “snowhow” in overcoming the weather to record new sales records. "We have been in the auction business since 1981, but 2014 will go down in history as perhaps the toughest winter we […] [Read More]

The percentage of price increases for vehicle segments flowing through the lanes this past week continued to grow, hitting the highest level seen over the past 12 months. This prompted some dealers to predict we might see another month of positive values before settling into a more stable auction market. According to Black Book’s Ricky […] [Read More]

The National Auto Auction Association has reached an agreement with Cherokee Automotive Group, publishers of Auto Remarketing, to combine its annual convention with CAG’s National Remarketing Conference, beginning in the fall of 2016. The combined meeting will be known as the National Remarketing Conference and National Auto Auction Association Convention and will be held each […] [Read More]

Making a trio of senior leadership announcements, KAR Auction Services said Thursday afternoon that it has created a chief operating officer position that will be filled by Don Gottwald, who has been chief executive officer of KAR subsidiary Automotive Finance Corp. since 2009.  John Hammer, who has been president and COO of AFC since 2013, […] [Read More]

The role of ringman is vital to the auction sales process, and fleet services provider ARI has publicly recognized two such employees with its Ringman of Distinction Award. The award from ARI, which recognizes the outstanding contributions of ringmen at various vehicle auctions, was recently presented live in the auction lanes to Art Mecias of […] [Read More]

Wholesale prices are projected to climb just under 1 percent this week, and four segments are expected to move up even more than that, according to AuctionNet data provided to Auto Remarketing by NADA Used Car Guide. NADA is anticipating that AuctionNet wholesale prices this week will climb 0.9 percent (or $150) against the two-week […] [Read More]