This morning, ARI announced two new executive appointments, including a senior vice president whose area of responsibility will include remarketing. The company appointed Tim McHugh, previously the vice president of supply chain and compliance at ARI, to serve as senior vice president, North American supply chain. In his new role, McHugh will head up vehicle […] [Read More]

Sister-owned Kaman Auctions celebrated its first anniversary by hosting a live charity auction to raise funds and awareness for the Edmonds Boys & Girls Club program.   Kaman Auctions, a wholesale auto auction business operated by sisters Lynn Kamacho and Marci Norman and serving the greater Seattle area, reportedly helped raise $3,600 to benefit the […] [Read More]

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Insurance Auto Auctions announced Tuesday enhancements to its IAA Auction Center that the company says gives buyers more power to finance vehicles online. The enhancements allow for buyers to search inventory, purchase vehicles and manage their accounts at any time, the company explained. Now, licensed IAA buyers will also have the ability to access Automotive […] [Read More]

After taking an over 2 percent dip in October, Black Book reports that last month’s wholesale values “rebounded” a bit. Used vehicles from the 2008 through 2012 model years depreciated 1.7 percent in November, according to Black Book data. Holding the strongest retention levels this past month once again were the truck segments. The compact […] [Read More]

Wholesale price activity continues to follow the overarching trend seen this month as price drops slowed a bit this past week. Black Book’s Ricky Beggs reported that the average car segment change of -$34 was the lowest weekly average change seen since the week ending June 7. The car segments with the lowest rate of […] [Read More]

Make no mistake, I’m a retail-first guy. I fundamentally believe that dealers should sell every vehicle they acquire as a retail unit to a retail customer. But I also recognize that retailing every used vehicle isn’t always possible — even with the best market data, technology and tools to guide a retail exit on every […] [Read More]

After launching last May with Tuesday afternoon sales, DAA Seattle’s first Friday sale took place last week and delivered an increase in consignment and dealer activity, auction officials reported. “After conducting meetings with a broad base of customers and listening to their feedback, we decided that Friday morning was the right time for DAA Seattle […] [Read More]

Manheim chief economist Tom Webb rattled off the four ingredients that usually combine to create a significant drop in wholesale prices. All four apparently presented themselves in November, but the Manheim Used Vehicle Value Index ticked up for the fifth time in the past six months. Before going into his explanation for why it happened, […] [Read More]

Recently, I was invited to attend an automotive remarketing conference to chair two roundtable discussions titled, “As the Market Turns — What's Your Game Plan?” It was the underlying view that the supply-demand curve will weaken as used-car volume, fueled by the increased numbers of new car trades, flood the market. The prediction for the […] [Read More]