With 70- to 80-percent sales conversion rates and more than half the price changes in the lanes being increases last week, it seems warmer weather isn’t the only harbinger of spring. “Spring season is alive and well,” in the lanes, as well, says Black Book's Ricky Beggs. With 53 percent of prices changes made last […] [Read More]

It’s all the talk of the auction lanes, wholesale channels and dealership staff meetings nowadays: Tax season. And the situation also pushed February’s Manheim Used Vehicle Value Index reading 1.1 percent higher versus a year ago. Manheim calculated that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) rose 0.8 percent in February, […] [Read More]

During the inaugural National Auto Auction Association PAC Cup Challenge, NAAA’s Eastern Chapter captured the coveted trophy with the winning donation total of $14,315 to the political action committee. Officials highlighted the Midwest Chapter ranked second, with the Southern Chapter third and fourth place going to the Western Chapter. As the top fundraiser, the Eastern […] [Read More]

At the NAAA/CAR/IARA event in Las Vegas, the National Auto Auction Association named Toyota Financial Services’ Mike Reid a Warren Young, Sr., Fellow, an honor that recognizes Reid for his commitment to the auction business. In giving the award to Reid — who is national manager of remarketing at TFS — NAAA also made a […] [Read More]

Dealers in and around Charlotte, N.C. have a new auction to choose from when acquiring used inventory for their lots: Auto Auction Holdings’ Speedway Auto Auction of Charlotte, which is located in suburban Concord, N.C. The new facility is located on 33 acres and touts five lanes for its weekly sales on Tuesdays as 2:45 […] [Read More]

On Thursday afternoon at the NAAA/CAR/IARA event in Las Vegas, Avis Budget Group announced its 2013 Auction Performance Awards, joining several other remarketing players revealing annual awards this week. Starting things off for Avis Budget, its Highest MMR Retention award went to Dealers Auto Auction of Oklahoma City, and its Volume Leader award went to  […] [Read More]

Manheim Pennsylvania is gearing up for its two-day Xtreme Spring Event on March 20-21, which will include a Spring Charity Gala, to benefit the Wounded Warrior Project organization — and there are some highline names on tap that are bound to draw a crowd when these machines role through the lanes. The spring event will […] [Read More]

Auction Broadcasting Co. president Jason Hockett announced this week that ABC is welcoming its eighth auction location, thanks to a partnership it reached with OKI Auto Auction in Cincinnati. The auction, founded in 2001 and located on 11 acres, will be renamed ABC Cincinnati.  It also built a brand new facility in 2011 and recently […] [Read More]

Auction prices are on the way up as tax returns flow in. NADA Used Car Guide is predicting prices to grow by 1 percent (or $175) versus the two-week average. And every segment NADA UCG tracks is expected to see price hikes, except for theone outlier: luxury cars, which are expected to see a slight […] [Read More]

From Music City to the Pacific Northwest, from the East Coast to the Deep South, from the nation’s capital to the Lone Star State and the Motor City. And now to Las Vegas. The inaugural class of the Auction Academy, a two-year continuing education program developed by TPC Management Co. for auction industry professionals, has […] [Read More]