Used-car prices have been moving downward for the majority of 2013 — likely a welcome turn of events for many dealers looking to secure pre-owned inventory. After dealing with increasingly high prices the past few years as used supply remained low, dealerships may be finding some good news in what the RVI Risk Outlook released […] [Read More]

KCI Kansas City is preparing for its fifth annual Corn Roast Sale, and owners say with business on an upward trend, it could be the auction’s biggest sale ever. “As the Corn Roast Sale nears, we are anticipating an increase in fleet, lease and dealer consigned units,” said Doug Doll, co-owner of KCI Kansas City. […] [Read More]

Auto Remarketing Conferences announced today that SmartAuction has once again signed on as the presenting sponsor for the National Remarketing Conference. In addition, SmartAuction and Ally have signed on for a number of other sponsorships throughout the Used Car Week Conferences, including refreshment breaks at the Re3 Conference and the Women in Remarketing awards during […] [Read More]

After holding an open house for dealers and a soft opening sale last month, the latest addition to the McConkey Auction Group is set to host its grand opening sale this week. The event at DAA Seattle, located in Auburn, Wash., is set for Tuesday. The auction hosted an open house for dealers back on […] [Read More]

Thousands of cars in the lanes, burgers on the grill and classic rock ‘n’ roll music — it’s a big week for a few ServNet Auctions. The company has announced promotional sales at Brasher’s Northwest on Wednesday and at Brasher’s Portland on Thursday. Combined, the sales will feature more than 3,000 vehicles.    Post-sales, customers […] [Read More]

Two new records were set by Charleston Auto Auction, at its 10th annual Luau/Pig Pickin’ & Car Sale, held June 14. The auction hosted featured more than 1,600 vehicles, a record for the company, along with 800 dealers and $35,000 in cash and prizes, auction officials reported. Dealers began the auction day with a pig […] [Read More]

Auction volume for May was up more than 10 percent against comparable weeks of 2012, and year-to-date, the upswing has eclipsed 3 percent. That’s according to the latest Economic Dashboard prepared by National Auto Auction Association economist Ira Silver. Specifically, volume for the month climbed 10.3 percent year-over-year, with the year-to-date increase at 3.1 percent. […] [Read More]

KAR Auction Services announced two additions to its management team on Monday, promoting Peter Kelly to chief technology officer and naming Lisa Price to the position of executive vice president of human resources. Both will report directly to Jim Hallett, chief executive officer of KAR. Kelly’s most recent position was president and CEO of OPENLANE, […] [Read More]

Though trucks have retained value a bit better in the lanes so far this spring, last week’s auction activity saw both car and truck prices decline. In fact, the overall segment change for trucks was the largest average segment decline since the week of Nov. 16, said Black Book’s Ricky Beggs. Last week, the truck […] [Read More]

The National Auto Auction Association will host the next class in its Auction Standards Training Program next month at Manheim Dallas.   The first day of the two-day course is a condition report writing class, and Day Two is a structural damage policy class. The upcoming course is scheduled for July 25-26, with classes beginning […] [Read More]