Many in the industry use Black Book’s “Beggs on the Used Car Market” weekly videos as a way to stay on top of auction price movement and trends in the lanes. This week, Black Book editorial director and senior vice president Ricky Beggs took a different approach for the series. He sat down with this […] [Read More]

In response to severe weather conditions in the Midwest and East Coast, Manheim said Monday it is waiving online fees for vehicles purchases through Simulcast and facilitation fees for vehicles purchased through OVE.com to assist dealers. Manheim indicated the fee waivers are effective from Monday through Jan. 31 and apply on all open and closed […] [Read More]

KAR Auction Service made an acquisition late last week that the company contends will continue to boost the wide array of dealer services it offers. Now in KAR’s fold of subsidiaries is Miami-based High Tech Locksmiths (HTL), one of the largest providers of transponder, remote, high-security and vehicle smart keys in North America. Chief executive […] [Read More]

With both Christmas and New Year’s Day each falling directly in the middle of the business week this year, Black Book editorial director and senior vice president Ricky Beggs discussed the definitive impact that timing left in the lanes. During his most recent online video commentary, Beggs said, “Sure, the overall activity has been reduced, […] [Read More]

Two growing regions mean two new facilities for Insurance Auto Auctions, as the company expands its footprint in North America. IAA has announced the opening of a new facility in Fayetteville, Ark., and the relocation of its Anchorage, Alaska site to a larger facility in the region. These actions significantly increase IAA's capacity, the company […] [Read More]

ADESA’s Tom Kontos surmised that traffic with used-vehicle showrooms is keeping price action in the lanes strong. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, prices in November averaged $9,750, up 1.7 percent compared to October and 2.1 percent relative to November of last year. Kontos mentioned that […] [Read More]

Flint Auto Auction has named its new assistant general manager, an industry veteran whose resume includes tenures at ADESA and Manheim. FAA owner and President Bill Williams made the staffing announcement, naming Greg Price as assistant general manager. Price comes to FAA with more than 25 years of experience in auction marketing and operations.  "Greg […] [Read More]

Manheim announced a couple of appointments on Tuesday, appointing a new general manager for one of its locations and an auction manager to cover two locations. Chad Ruffin has been hired  general manager for Manheim Southern California. “The hiring of Chad is a true testament to Manheim’s goal of putting leaders in place to drive […] [Read More]

When taking the short Thanksgiving week out of the equation, auction volume in November was nearly 4 percent higher than the total coming through the lanes in the last three weeks of October, according to NADA Used Car Guide. An AuctionNet data set from NADA in the latest issues of Guidelines indicates that auction volume […] [Read More]

After October’s wholesale price tumble, the rate of decline softened in November to 1.5 percent, according to NADA, and the trend is continuing as December’s auction price movement is predicted to mirror the previous month. NADA is forecasted that auction prices will fall 1.5 percent this month, matching November’s rate, in the December edition of […] [Read More]