Used sales growth, slightly higher auction volume and modestly lower auction prices were among the stories of 2012. Will these trends continue into this year? The National Auto Auction Association looked at these metrics in its fourth-quarter Auction Industry Report. According to report, the end of 2012 saw a pick up in new- and used-vehicle […] [Read More]

According to Black Book’s Ricky Beggs, typical spring wholesale market conditions might have “finally” arrived. Beggs made the statement after assessing the overall price movements for his weekly online video analysis, “Beggs on the Used Car Market. He indicated that car segments continue to show more stability, noting that for the past four weeks the […] [Read More]

The American Auto Auction Group has made two key changes to its executive management team, promoting chief financial officer  Darris McClure to the role of president and appointing Bruce Reese as its new CFO. With McClure’s promotion, which was officially effective Feb. 1, he will “continue to be responsible for guiding the continued execution of […] [Read More]

The McConkey Auction Group named a national accounts director last week, and appointed to the position for the group that includes DAA Northwest, KCI Kansas City and EPI El Paso was Mike Mikkelsen. Having started his career with South Seattle Auto Auction in 1980, Mikkelsen has been with DAA Northwest since its 1992 inception. The […] [Read More]

When Kelley Blue Book assessed January wholesale prices, analysts found an unusual situation. KBB noticed 2011 models being more valuable a year after their introduction than where 2012 units stand 12 months following their roll out. To be exact, analysts determined that 2012 model-year vehicles are actually worth 4 percent less than a used 2011 […] [Read More]

Auto Remarketing learned today that Mike Broe has been appointed to the position of president and chief executive officer of Auto Auction Services Corp. AASC indicated Broe will serve in an interim capacity and will work directly with AASC’s board of directors to make decisions regarding the long-term leadership of the organization. The company said […] [Read More]

Much to what will likely be dealer chagrin, wholesale prices are rising steadily as we approach the spring season. According to the ADESA Canada Used Vehicle Price Index, which has been updated through January, wholesale prices rose on average by about 1.6 percent, compared to the last month of 2012. Officials explained the index was […] [Read More]

Auction Edge launched a beta program Wednesday of its mobile check-in application.   Mobile check-in allows auction staff to check-in vehicles using their mobile device of choice, supporting both iOS and Android phones and tablets. [Read More]

Along with handing out its top annual award, the American International Automobile Dealers Association announced its 2013 chair during its 43rd annual meeting and luncheon on Monday. Taking on the role is Jenell Ross, a dealer from Centerville, Ohio. “Our brands, more than ever before, are America’s brands — and I’m going to tell that […] [Read More]

After discussing 2012 repossession volume and where levels could be heading, Manheim explained how the remarketing of repo units remains a “struggle” as auto finance companies are looking to move substantial volume upstream and online. Manheim acknowledged lenders are focused on converting repossessed units into cash as quickly as possible. Although the biggest stumbling block […] [Read More]