Celebrating 10 years in business and tens of thousands of vehicles sold, Georgia-Carolina Auto Auction will celebrate this week with sales today and Friday at the company’s public auction facility in Commerce, Ga. GCAA has served as a dealer and public auction since 2003. The company announced its anniversary and related sales on Tuesday, and […] [Read More]

Barrett-Jackson announced Tuesday that it generated more than $21 million in gross sales of rare, high-end collectible vehicles, exotics, customs, classics, hot rods and resto-mods during its 11th annual Palm Beach auction this past week at the South Florida Fairgrounds. Despite severe thunderstorms, auction officials highlighted that more than 55,000 fans were in attendance to […] [Read More]

The overall used-vehicle price movement among car segments last week was static, but six of the 10 car categories that Black Book tracks saw their prices rise. And one was particularly noteworthy. Used prices for premium sporty cars climbed $7 for the week, something Black Book’s Ricky Beggs said he hasn’t seen happen in quite […] [Read More]

Manheim economist Tom Webb said it’s “quite easy and quite logical to assume” that used-vehicle retail sales will hit an all-time high before 2015. Webb backed up his projection by highlighting how used-vehicle retail sales during the first quarter of 2013 moved 12 percent higher year-over-year against some headwinds that are slowing other industries. According […] [Read More]

Auction Edge said Wednesday it has launched new pricing and discount opportunities for its auction clients, providing them with more options when it comes to management systems and pricing structure. The two new offerings are: EDGE ASI Premier, a new pricing structure for Auction Edge’s ASI auction management system; and EDGE Complete, a monthly discount […] [Read More]

With the arrival of April and the warmer weather that comes with it, it is time to take a look back at the first quarter of 2013. The beginning of the new year brought some new developments within the auction lanes. Black Book’s Ricky Beggs offers up some of the industry’s “biggest surprises” in wholesale […] [Read More]

Black Book editors explained how last week’s level of wholesale price adjustments confirmed a dealer comment their survey personnel shared. The amount of adjustments came in at 61 percent, extending a streak of four weeks in a row with a level at 60 percent or higher and prompting one dealer to tell Black Book that […] [Read More]

NCM Associates and vAuto announced Monday that they’ve joined forces to form exclusive Velocity Dealer 20 Groups for dealers who subscribe to vAuto’s products and its Velocity Method of Management philosophy. Officials said three invitation-only Velocity 20 Groups are now being organized with simultaneous charter group meetings to be held April 14–16 in Chicago. The […] [Read More]

The National Independent Automobile Dealers Association has chosen Alliance Inspection Management as a national corporate partner. And with this news, AiM becomes the first NIADA corporate partner to offer members both independent inspections as well as an online wholesale multi-platform selling tool in AiM MarketConnect.   [Read More]

Texas Lone Star Auto Auction today announced the appointment of a new regional sales director for the company. Named to the post, and with a career that has spanned more than 13 years in the remarketing industry, is Kelly McAllister. McAllister most recently held assignments at a national auto auction, and during his career has […] [Read More]