Late Monday, Hertz Global Holdings announced that senior executive vice president and chief financial officer Elyse Douglas decided to step down from her current role for personal reasons. The move is effective as of Oct. 1, but the company said Douglas will stay with Hertz through Dec. 31 to help to complete several strategic projects […] [Read More]

The last week of summer brought significant price declines for both cars and trucks at auction, perhaps a sign of what’s to come in the new season. With gas prices continuing to drop, now sitting at a national average of $3.55, the highest declines this week were seen in the entry-level car segment. This vehicle […] [Read More]

ServNet has struck a deal with AutoIMS to provide collective analytics using data contributed by the auction group’s members throughout the U.S. And not only will this help each of the 32 ServNet auctions throughout the country, it is designed to benefit remarketers, as well. This news was announced this month by R. Charles Nichols, […] [Read More]

In the August TradeTracker Used Vehicle Market Report, the Honda Civic Sedan ousted the Mazda 3 and notched the top spot as the most-appraised vehicle overall. The Mazda 3 came in at No. 2 for the month. These reports are provided monthly to Auto Remarketing Canada and are a result of Dealertrack Technologies' TradeTracker solution, […] [Read More]

After rising almost every month this year, it seems wholesale prices have slowed their game, as fall is bringing lower rates at auction. The ADESA Canada Used Vehicle Price Index, powered by ALG Canada, has been updated through August, and shows a decrease of 0.5 percent from July. And the negative price movement was consistent […] [Read More]

Growth is taking place again for one Louisiana auction company, as it announces its second construction phase in as many years. After completing a $1 million facility expansion in late 2012, Louisiana’s 1st  Choice Auto Auction confirmed this week that an additional 4.5 acres are being cleared at the auction site, to keep up with […] [Read More]

While compact pickups and full-size pickups continue to see the strongest price retention at auction, Black Book’s Ricky Beggs highlighted another trend in the lanes that may be reversing. Though entry-level cars showed significant depreciation in August, Beggs — editorial director and senior vice president at Black Book  — explained in his latest “Beggs on […] [Read More]

America’s Auto Auction Greenville, one of the nation’s oldest auto auctions, is marking its 75th anniversary in September and will commemorate this milestone with a celebratory sale next month. Not long after Rawls Auto Auction opened its doors in 1938, this fellow South Carolina facility hosted its debut sale, moving all 42 vehicles that were […] [Read More]

Manheim announced Monday afternoon that it has promoted Tim Van Dam to market vice president for the northeast market. In this role, Van Dam replaces Jerry Tassone, who was named president of Ready Auto Transport. Van Dam will still oversee Manheim Pennsylvania as he takes on this expanded role. He reports to Tim Janego, regional […] [Read More]

ADESA named a new general manager for ADESA Nashville on Monday, appointing the longtime leader of ADESA Memphis to the role. Dan Dietsch, the GM at ADESA Memphis since 2007, moves over to the company’s Nashville location to take on the same position there. Filling Dietsch’s position as GM of ADESA Memphis is Michael Schenks, […] [Read More]