GE Capital Fleet Services tallied up identified customer cost savings for the first half of the year this week, highlighting the amount hit $191 million. The company indicated the leading area of savings came from program enhancements. By analyzing customer fleet data, GE Capital reiterated that it can find areas for cost savings and increased […] [Read More]

Wholesale industry veteran Tim DeBerry is getting closer to having his lifelong dream of building an auction come to fruition as Mile High Auto Auction is approaching its first sale. Mile High AA will hold sales every Tuesday at noon beginning on Aug. 6 at its newly renovated facilities at 9750 East Costilla Ave. in […] [Read More]

Two new awards will be given out for the first time at this year’s upcoming National Auto Auction Association annual convention. NextGear Capital announced the creation of two new industry awards on Tuesday that are designed to recognize independently owned auctions for their dedication to and support of the industry. They are called the NextGear […] [Read More]

As gas prices have recently jumped by $0.15 to rest at an average of $3.64 per gallon — $0.21 per gallon higher than the year ago level — the environment in the lanes is showing a reaction to increasing fuel rates. Black Book’s Ricky Beggs said increased activity and interest in fuel-efficient cars and smaller […] [Read More]

The National Auto Auction Association recently announced that its Executive Committee, at the recommendation of the Dynamic Leadership Committee, has green-lighted a new instructional organization for the 2014 NAAA Dynamic Leadership Institute. Set to conduct the annual two-day educational program this coming spring is the Ritz-Carlton Hotel Leadership Center. The 2014 event will be held […] [Read More]

Just a few years ago, there were a group of vehicles commanding 70- to 80-percent sales rates at the auction and fetching bids so high that many dealers were priced out of the market. These days, however, this same group of vehicles is only generating sales rates between 15 percent and 25 percent in the […] [Read More]

Gas prices remain stable and the summer family travel season is underway, two factors that may have contributed to some larger segments showing the biggest auction price increases in June. While wholesale values saw an increase of 0.9 percent overall when compared to May, prices for full-size SUV and luxury full-size sedans were among the […] [Read More]

National Auto Auction Association chief executive officer Frank Hackett announced that changes to the arbitration and structural damage policies have been approved. Hackett indicated these changes will take effect on Sept. 1. NAAA recounted that its auction standards committee received unanimous approval last Tuesday from the executive committee to move ahead with the revisions. “This […] [Read More]

The days of stick-on badges for auction bidders are numbered at Dealers Auto Auction of the Southwest. The company announced this week that beginning with its sale this coming Wednesday, DAASW.com will offer what it calls a “first in the nation bid number text service,” which eliminates bidder lines and uses mobile technology via smartphones […] [Read More]

Wholesale values in Canada rose slightly during June as used supply continues to be tight. According to the latest RVI Market Update, used-car prices were up 2.6 percent when compared to May. And prices in June were up a significant 7.3 percent from the same period last year. Leading the price gains were the smaller […] [Read More]