If there ever was a sign that Jack Neshe is tailor-made for the auction business, it’s this. When he was working at a franchised dealership in the Boston area during the 1980s, his day off each week was Friday. With a day free from the car business, what did he do during his time off? […] [Read More]

In addition to several awards handed out by the National Auto Auction Association, Wheels, Inc. announced its 2013 NAAA Auction Awards on Wednesday. The Auction Performance Awards from Wheels are as follows: The Top Performing Auction Awards Top Performing Auction Presented to: Manheim Harrisonburg Recognition for the top performer in the Eastern Region for the […] [Read More]

The International Automotive Remarketers Alliance board of directors announced the appointment of a new executive director, tapping a former president of the National Auto Auction Association. Taking on the role effective this past Sunday is Tony Long. “Tony is a genuine industry veteran and professional,” said Levi McCoy, the newly installed president of the IARA […] [Read More]

There’s a funny story Jason Hockett recently heard from his father, Mike Hockett. When Mike was a partner at ADE in Indianapolis during the mid-1980s, there was an older man named Tom who delivered cars for the auction. “One day my dad received a phone call from Tom saying that his car had just gone […] [Read More]

What does the future hold for the auction industry? One place to begin looking for an answer is where some of its aspiring leaders are building a foundation, both in terms of developing auction business acumen and fostering connections with industry peers. It’s the “Next Generation/Sons and Daughter Group” of the Auction Academy, a two-year […] [Read More]

Now that Labor Day weekend is in the rear-view mirror, Ricky Beggs is considering where wholesale prices are going with the height of the fall market straight ahead. The editorial director at Black Book acknowledged prices are dropping at a pace that has started “a little earlier than previous years.” He continued in the latest […] [Read More]

Dealers Auto Auction of the SouthWest highlighted that its new “Mexico Ready Lane” is ready to start sending vehicles over the block. General manager Stephanie Gingras said units will begin filling this new lane on Sept. 25. “DAASW.com is a bilingual site with 100 percent simulcast capabilities in all lanes, but we understand that this […] [Read More]

In the Used Car Edition of its Blue Book Market Report, Kelley Blue Book dissected the used value activity in several segments, sharing some of the key models influencing the ebb-and-flow of pricing within their respective vehicle classes. Here are some of the key findings its analysts discovered in the report issued last week: Starting […] [Read More]

Heading into its annual convention that kicks off today, the National Auto Auction Association said late last week that the Legislative Committee Meeting open to all NAAA Convention attendees today will include a presentation on the Indiana Wholesale Dealer Licensing issue by a representative from the Indiana Secretary of State's office. The meeting is scheduled […] [Read More]

The depreciation in auction values leveled off significantly in the past month — but don’t expect this “calm” period to last too much longer. Kelley Blue Book said in a report released Thursday that seasonality and increased supply will lead to lower prices in the lanes and quicker depreciation. In the August issue of its […] [Read More]