ServNet is looking to gain even more traction with import-brand vehicles this year, and it appears the auction group is well on its way. For one, Toyota Financial Services has entered an agreement to sell off-lease units at ServNet-member auction DAA Northwest, and American Honda Financial Corp. will remarket vehicles at Brasher’s Sacramento Auto Auction, […] [Read More]

As tax season begins, dealers may be starting to see the expected value increases that coincide with this time of the year in the lanes. Last week, the percentage of auction price changes that were increases rose to 21 percent, according to Black Book editorial director and senior vice president. Ricky Beggs. In the latest […] [Read More]

As part of a deal announced this week, Dealers Auto Auction of the Southwest will offer a Carfax report with every vehicle at its weekly sales starting Feb. 2. The reports will show red, yellow and green highlights on each car crossing the block and will be provided at no cost to buyers or consignors. […] [Read More]

Auction Academy, a continuing education program for auto industry professionals, held a joint class session in Detroit that featured visits to Flint Auto Auction and General Motors World Headquarters. The session included both current class groups — the Managers Group and the Next Generation/Sons and Daughters Group — for a combined total of 32 students, […] [Read More]

The National Auto Auction Association revealed the dates it will conduct the Auction Standards Training Program throughout this year. The first of the two-day sessions will take place at ADESA Toronto on Jan. 30 and Jan. 31. Other times and locations include: —March 26 and 27 at Manheim Orlando: Damage Analysis Overview & Structural Damage […] [Read More]

In a collaborative effort spanning the wholesale business, Auto Auction Services Corp. announced that it will be providing AASC members a new industry standard for vehicle condition data reporting — developed in partnership with Manheim — that is designed to foster consistency throughout the auction industry. Thanks to a deal with the National Auto Auction […] [Read More]

For vehicles up to 8 years in age, there was a 1-percent year-over-year decline in the number of AuctionNet wholesale transactions last year, according to NADA Used Car Guide. Here’s the thing, though: this overall change in volume doesn’t necessarily paint an all-encompassing picture of the entire market. The year-over-year movements in AuctionNet auction volume […] [Read More]

Dealers continued to enjoy lower auction prices in the lanes as 2013 wrapped up. Falling in line with the downward trend seen throughout much of last year, wholesale prices continued to drop in December. According to ADESA Analytical Services, auction prices fell 0.9 percent compared to November and were off 1.3 percent when compared to […] [Read More]

Toward the end of 2013, the respective retained value leaders of the subcompact and compact vehicle segments were showing strong leads over the closest competitors, according to the most recent Blue Book Market Report — Used Car Edition. The analysis released by Kelley Blue Book indicates that the retained value (auction value as a percent […] [Read More]

In its January/February Industry Report, ALG took an in-depth look at three premium sports cars to see how their residual values stack up against fellow models in their respective segments and within their own brands. Starting with the 2014 Chevrolet Corvette Stingray, its 36-month residual value is at 57 percent. This is 6 percentage points […] [Read More]