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]

Auction volume for 2013 ended up beating prior-year levels by more than 6 percent, according to data reported by the National Auto Auction Association in its Economic Dashboard. And based on the latest report from Manheim, wholesale volume growth — inside or outside the auction — isn’t likely to slow any time soon. In the […] [Read More]

Though Black Book’s Ricky Beggs said bad weather has been a hot button topic at auctions, the “outlook for the market is very positive.” And though winter storms have slowed sales in the lanes a bit as of late, the average segment price changes last week indicate “a more stable market,” he said in the […] [Read More]

ServNet member auctions announced two new general manager appointments recently. Auto Auction of New England announced the promotion of Steven DeLuca to position of GM. In his new position DeLuca will be in responsible for effective planning, delegating, coordinating, staffing, organizing and decision making. The new GM will oversee the day-to-day operations of AANE. The […] [Read More]

A charity auction at ADESA Phoenix raised more than $60,000 for the Juvenile Diabetes Research Foundation, and saw the auction of two classic vehicles. “We are honored to have this opportunity to contribute to such an amazing organization — JDRF touches the lives of so many impacted by diabetes,” said Mike Russo, general manager of […] [Read More]