Heading into its annual convention that kicks off today, the National Auto Auction Association said late last week that the Legislative Committee Meeting open to all NAAA Convention attendees today will include a presentation on the Indiana Wholesale Dealer Licensing issue by a representative from the Indiana Secretary of State's office. The meeting is scheduled […] [Read More]

The depreciation in auction values leveled off significantly in the past month — but don’t expect this “calm” period to last too much longer. Kelley Blue Book said in a report released Thursday that seasonality and increased supply will lead to lower prices in the lanes and quicker depreciation. In the August issue of its […] [Read More]

Automotive cosmetic reconditioning firm Dent Wizard International this week announced a newly-created position, and the man for the job. Promoted to the role of director of operations is Steve Carpenter, who previously served as regional operations director for Dent Wizard’s Southeast region.  In his new position, Carpenter will be involved in strategic planning as the […] [Read More]

Brasher’s Sacramento has shared some early results from the Easy Street program from GM Financial that launched at the auction last week.   As part of Easy Street — a program that Brasher’s Sacramento is piloting for GM Financial — General Motors dealers can run their consignment in-lane with cars from GM Financial. All qualifying […] [Read More]

Both seasonality and increasing used supply are pushing wholesale prices down, according to Black Book’s Ricky Beggs. This past week, the car segments experienced their largest average price decline since September, when they began 12 straight weeks of large price drops. Beggs, editorial director and senior vice president of Black Book, poses the question: Could […] [Read More]

NADA MarketValues — a mobile app designed for dealers to make informed pricing decisions on used cars and light trucks at auction — is now available for Android devices on Google Play. NADA Used Car Guide reiterated that the app, which was launched earlier this year, can provide subscribers with unlimited lookups by VIN scan […] [Read More]

With the start of another school year for thousands of students, Manheim announced on Monday that it is beginning another year supporting dealer education and training by expanding The Wholesale Institute (TWI) curriculum. In addition to its popular online wholesaling workshop, Manheim highlighted that it folded the Remarketing Training program (MRT) under the TWI umbrella, […] [Read More]

Some important landmarks are being celebrated this year in the auto auction business.  For one, it was 75 years ago that the nation’s first, Rawls Auto Auction, opened its doors. The National Auto Auction Association, meanwhile, is commemorating its 65th year. We showcase these milestones and more in the Sept. 1-14 print edition of Auto […] [Read More]

The National Auto Auction Association is trying something new with its 65th Annual Convention this year. The association is broadcasting for the first time ever a live webinar in front of a studio audience. Titled “60 Minutes: 100 Arbitration Questions Answered in an Hour,” the webinar will be led by industry arbitration expert and Manheim […] [Read More]

Direct Auction Services founder and chief executive officer David Nutter announced Wednesday that the company has reorganized its leadership team.   As part of the reorganization, the company named appointees to the newly created roles of chief financial officer and vice president of operations. Taking on duties in the CFO position is David Rush, who […] [Read More]