While compact pickups and full-size pickups continue to see the strongest price retention at auction, Black Book’s Ricky Beggs highlighted another trend in the lanes that may be reversing. Though entry-level cars showed significant depreciation in August, Beggs — editorial director and senior vice president at Black Book  — explained in his latest “Beggs on […] [Read More]

America’s Auto Auction Greenville, one of the nation’s oldest auto auctions, is marking its 75th anniversary in September and will commemorate this milestone with a celebratory sale next month. Not long after Rawls Auto Auction opened its doors in 1938, this fellow South Carolina facility hosted its debut sale, moving all 42 vehicles that were […] [Read More]

Manheim announced Monday afternoon that it has promoted Tim Van Dam to market vice president for the northeast market. In this role, Van Dam replaces Jerry Tassone, who was named president of Ready Auto Transport. Van Dam will still oversee Manheim Pennsylvania as he takes on this expanded role. He reports to Tim Janego, regional […] [Read More]

ADESA named a new general manager for ADESA Nashville on Monday, appointing the longtime leader of ADESA Memphis to the role. Dan Dietsch, the GM at ADESA Memphis since 2007, moves over to the company’s Nashville location to take on the same position there. Filling Dietsch’s position as GM of ADESA Memphis is Michael Schenks, […] [Read More]

For Tony Long, it’s about building a consensus and offering all parties a chance for input. That’s the vantage point he is taking as the new executive director of the International Automotive Remarketers Alliance, a position he was appointed to in early September. Auto Remarketing caught up with Long at the recent National Auto Auction […] [Read More]

An increased demand for services has Insurance Auto Auctions expanding and relocating one of its facilities in the Midwest. IAA late last week announced the relocation of its Oklahoma City site to a larger facility in the region.  This relocation significantly expands IAA's capacity and fits with the company's strategic vision of growth among key […] [Read More]

The adjustments in trade-in values for cars and trucks in September’s Official Used Car Guide were fairly typical to recent editions, according to the latest Guidelines report from NADA Used Car Guide. However, despite the value decreases being “predominantly mild overall,” a few segments were found to have had a steeper downhill slide. One was […] [Read More]

Canadian minister of finance Jim Flaherty confirmed this week that the government has made strides to move General Motors towards private sector ownership. Canada GEN Investment Corp. — a wholly-owned subsidiary of the Canada Development Investment Corp., who holds Canada's interest in GM — has sold 30 million shares of common stock of General Motors […] [Read More]

Auction volume dropped more than 2 percent sequentially last month, with most vehicle-age classes declining “sharply.” However, a late-model class of vehicles bucked the trend, spurred by rental-car sales in the lanes. That’s according to the latest Guidelines report from NADA Used Car Guide, which said there was a 2.2-percent drop in AuctionNet wholesale transactions […] [Read More]

A report that Auto Remarketing highlights weekly is celebrating its five-year anniversary this week. Black Book is celebrating the milestone of its weekly “Used Car Market Report” video series, hosted every week by Black Book editorial director and senior vice president Ricky Beggs. The reports have run continuously during the five-year span without interruption, according […] [Read More]