The National Auto Auction Association is trying something new with its 65th Annual Convention this year. The association is broadcasting for the first time ever a live webinar in front of a studio audience. Titled “60 Minutes: 100 Arbitration Questions Answered in an Hour,” the webinar will be led by industry arbitration expert and Manheim […] [Read More]

Direct Auction Services founder and chief executive officer David Nutter announced Wednesday that the company has reorganized its leadership team.   As part of the reorganization, the company named appointees to the newly created roles of chief financial officer and vice president of operations. Taking on duties in the CFO position is David Rush, who […] [Read More]

As used supply remains hard to obtain for many Canadian dealers, it looks like this tight pre-owned environment pushed wholesale prices up slightly one again in July. The ADESA Canada Used Vehicle Price Index, powered by ALG Canada, has been updated through July, and shows an average rise of 0.1 percent from June rates. Price […] [Read More]

Black Book has shared with Auto Remarketing news of its entire team of vehicle value editors and data analysts earning distinction as Certified Automotive Remarketers as part of the program from the International Automotive Remarketers Alliance. This is the first time that an entire editorial staff of guide book has achieved this certification, Black Book […] [Read More]

ServNet revealed some news from its member auctions Tuesday, with one Iowa facility set to celebrate its 50th anniversary next week. Plaza Auto Auction of Iowa is gearing up for its 50th anniversary sale, which is scheduled for Aug. 28. The auction shared that the celebration will include drawings for $50,000 in prizes, and the […] [Read More]

Dealers at one Michigan auction can “Win the Race” in a promotion running through Sept. 18. The promotion at Flint Auto Auction, held in partnership with consignor US Bank, combines transportation assistance for vehicles bought at US Bank’s bi-weekly sales events at Flint Auto Auction with prize drawings set for September, when three dealers will […] [Read More]

As multi-platform selling continues to gain steam in the wholesale industry, Auction Edge announced this week it is joining the ranks, offering what it says provides a convenient way to list and manage inventory on multiple online platforms. The company revealed it has integrated Liquid Motors capabilities into the Auction Edge platform. Auction Edge will […] [Read More]

It seems as gas prices are returning to more normal levels as summer wraps up, consumers may be losing interest in fuel-efficient vehicles. Black Book’s Ricky Beggs says falling gas prices have sped up fuel-efficient vehicles’ wholesale depreciation in the recent weeks. [Read More]

ADESA’s Tom Kontos explained why he noticed wholesale prices still dipped a bit last month but not to the extent they did in June. According to ADESA Analytical Services’ monthly analysis of wholesale prices by vehicle model class, wholesale used-vehicle prices in July averaged $9,435, which was down 1.3 percent compared to June and 1.3 […] [Read More]

A quarter-century is a long time, and ServNet leaders believe they’ve made the most of those years. Now, as two longtime board members prepare to step down, they reflect on the group’s growth. “In observing our 25th anniversary year, we have with great pride recognized ServNet’s tremendous growth since its founding in 1988,” said president […] [Read More]