Louisiana’s 1st Choice Auto Auction will celebrate what’s arguably the state’s biggest holiday with its second annual Rockin’ Mardi Gras Party and Sale next week. The two-day event, which will take place Monday and Tuesday, will include all the sights, music and food of Mardi Gras plus a 1,000-unit sale. It’s expected that buyers and […] [Read More]

NADA Used Car Guide’s latest Guidelines report released data that indicates prices might still spike during tax season before beginning a downward spiral. In January, prices remained flat, rising only by an average of 0.1 percent from December, according to NADA data. And price movements for the majority of segments were between a tight range […] [Read More]

There could be a higher-than-usual lift in off-rental volumes flowing through auction lanes in coming weeks, NADA Used Car Guide said in its latest Guidelines report, but this spike is likely to be offset by an increase in the number of buyers at auction, as well. The driver for both of these trends? Weather, of […] [Read More]

With the launch of three new facilities early this year, CarMax now has 60 dealer-only auctions throughout the U.S.  CarMax Auctions opened locations in Baton Rouge, La.; Newark, Del.; and St. Louis. Since 1996, CarMax has sold close to 3 million wholesale units, the company said. Dealers can visit the CarMax Auctions website for a […] [Read More]

Throughout 2013, trucks held consistently stronger retention rates in the lanes than the car segments. The tides may be changing, as Black Book’s Ricky Beggs reported cars maintained their value better than trucks for the first time in seven weeks. In his latest “Beggs on the Used Car Market” video report, Black Book’s editorial director […] [Read More]

Last year, full-size pickup trucks held to unusually high auction prices, bucking the declining trends, and experiencing strong price retention throughout 2013. This trend has come to a head with full-size pickup truck values beginning the new year with prices above normal. In Kelley Blue Book’s latest Blue Book Report, senior analyst Alec Gutierrez said, […] [Read More]

On Wednesday, uShip tapped a veteran of the Internet travel marketplace as well as the e-commerce and retail finance spaces to fill the newly created position of chief financial officer. Taking on the role is Bob Bearden, who joined the company with more than 20 years of experience. Bearden’s past posts have included serving as […] [Read More]

City Enterprises chief executive officer David Andrews announced that the company acquired Chattanooga Auto Auction, joining the operation’s four other sister auctions in Tennessee and Alabama. Chattanooga Auto Auction opened its doors on Monday as the new Dealer’s Auto Auction of Chattanooga. This site now is a part of the fold that includes Dealer’s Auto […] [Read More]

Tax season normally coincides with high prices at auction, and this year is no exception. According to the latest Blue Book Market Report from KBB.com, used-car values stated the year 1 percent higher than at the beginning of the calendar year in 2013. That said, some of the lowest-priced models in the lanes might also […] [Read More]

As spring approaches and many are day-dreaming about warmer, sunnier weather, fuel efficiency is making traction with shoppers in the market for a new vehicle. For the second month in a row, Porsche’s ad for the Panamera Hybrid took the top luxury ad spot in January, according to Phoenix Automotive’s January Auto Insights report. Kevin […] [Read More]