Prices in the lanes continue to fall as more 2013 models make it into the wholesale market channels, helping to loosen used supply. Black Book’s Ricky Beggs reported that “prices on used vehicles continue their fall” as only 14 percent of all price adjustments last week were increases in value. In the latest edition of […] [Read More]

AutoTec rolled out a new update to AuctionACCESS Mobile on Monday. The solution now can allow dealers to manage and upload any AuctionACCESS document all through their Android or iPhone device. With this new update to AuctionACCESS Mobile, AutoTec suggested document management has never been easier, as dealers can now use their phone’s camera to […] [Read More]

Following the same trend seen this spring, June truck values in the lanes soared over 2012 rates. According to Kelley Blue Book, the average auction value for 1- to 2-year-old mid-size pickups rose 0.3 percent in June from May values. But more significantly, when compared to June 2012, average auction values for used mid-size trucks […] [Read More]

Insurance Auto Auctions is participating in a corporate-wide, fundraising event to support Alex’s Lemonade Stand Foundation (ALSF). During the month of August, IAA plans to sell lemonade at 142 of its 161 North American branches as well as its Chicago-based headquarters to help generate $125,000 toward supporting the organization’s mission of funding research into new […] [Read More]

Just last October, Superstorm Sandy rocked the Eastern Seaboard, and many emergency responders risked their lives to help communities recover and return to normalcy. In appreciation of the work the firefighters of Brooklyn, N.Y., have shown in the wake of the storm, the American Auto Auction Group has donated a 15-passenger van to the Friends […] [Read More]

MaxTradeIn, a free online marketplace aimed at giving vehicle owners the ability to trade in or sell their used model by selecting trusted local dealers, is now available to customers and dealerships in Columbus, Ohio. MaxTradeIn highlighted that it has experienced rapid growth since first launching in Indianapolis late last year. More than $80 million […] [Read More]

After years of tight used inventory following the 2008 recession, supply is on the road to recovery. And it’s showing in the lanes. Not only are dealers seeing more of the quality, pre-owned units they need, they are also experiencing much lower prices than seen in the past few years. In fact, wholesale used  prices […] [Read More]

Caprock Auto Remarketing announced Tuesday it has a new auction manager. Tapped for the position is Hollie Fleming, who brings 15 years of experience in collateral liquidation to the company. "I am excited to welcome Hollie Fleming, a proven industry veteran, to the Caprock team," says Caprock Auto Remarketing president Scott France. "Hollie understands the […] [Read More]

ARI announced this week that it acquired the fleet management segment of a European operation, the business holdings of Fleetlevel+ Services GmbH. ARI indicated the transaction is expected to close in August. ARI president Carl Ortell highlighted the new company, which will be known as ARI Fleet Germany, supports ARI’s continued development of a strong, […] [Read More]

Along with discussing the latest Manheim Used Vehicle Value Index, economist Tom Webb highlighted why he doesn’t expect a significant drop-off in wholesale prices during the second half of the year. Webb indicated the No. 1 reason why he has “made comments that I think the easing might be a little less than people are […] [Read More]