Leasing levels dropped significantly during the recession, and though rates have ramped back up as of late, so has the number of long-term auto loans. This trend has many dealers worried about lengthening sales cycles, and it turns out, the trend might prove to be detrimental to consumers — a recent study from Donlen shows after 36 […] [Read More]

ServNet has added Winchester Auto Auction in Bunker Hill, W. Va. to its list of members. The auction has been owned by the Angelicchio family, also owners of Pittsburgh Auto Auction, since early 2014. Patty Stanley, ServNet’s president, believes the auctions ownership and ideal location will make it an ideal fit into ServNet’s auction family. “The Winchester […] [Read More]

It’s mid-morning on a Monday, and Manheim North Carolina is already buzzing with activity. The overlapping chants of auctioneers hum from the lanes all the way through the parking lot leading in to the facility — which is filled with the smell of fresh popcorn and sounds from the first batch of some 2,100 cars […] [Read More]

Ready Auto Transport announced this week its Saturday golf tournament raised $70,000 to aid injured soldiers. As hosts of the fifth annual Freedom Swing Golf Tournament, Ready Auto Transport’s charity funds raised at the event were donated to The Free Wheel Foundation to help injured service members and their families. Steve Wheeler, Ready Auto Transport’s […] [Read More]

Higher-end models continue to see some of the biggest price declines in the lanes as we head toward cooler weather. NADA predicts wholesale prices to drop by an average of 1 percent, or $150, this week, with the luxury models seeing some of the biggest declines. For instance, luxury cars are expected to see a decline […] [Read More]

The seasonally adjusted annualized rate of new-vehicles recently eclipsed a more-than-eight-year high, reaching 17.5 million units in August, according to the latest edition of Guidelines from NADA Used Car Guide. And one of the offshoots of a stronger new-car market has been a boost in trade-ins, and this impact has trickled down into the auction […] [Read More]

On Monday, Manheim launched this year’s national fall promotion titled “Raise Your Game,” a campaign the company said is designed to educate customers on how they can best tailor Manheim remarketing solutions to fit their needs and take advantage of a wide range of service offerings. With Labor Day weekend in the past and millions […] [Read More]

Price drops in the lanes heated up this past week, with both the cars and trucks seeing larger declines. According to the latest “Beggs on the Used Car Market” report, the car segments saw prices drop by an average of $73, while trucks fell by an average of $64. Black Book editorial director Ricky Beggs […] [Read More]

Capital Automotive Reconditioning Services announced the appointment of a new chief operating officer. Kay Hudson, formerly the senior vice president of operations, took the role of COO effective Sept. 1 after more than five years with the company, which she joined in 2008 as the human resources director. Ron Hope, CARS Recon’s president and chief executive […] [Read More]

Prices continued dropping at the auction this August, and overarching trends remained unchanged: the groups with the biggest declines in the lanes are still the luxury and fuel-efficient segments.  And these trends are causing many analysts to take another look at where prices will stand in the lanes come year-end. “Despite our projection that 2014 will end the […] [Read More]