Contrary to what the industry has seen through the spring and early summer, car value retention was actually stronger in the lanes than trucks last week — just the second time this trend has been spotted in 2013, Black Book’s Ricky Beggs reported. The overall car segment decline came in at 0.3 percent, or a […] [Read More]

Later this month, the National Auto Auction Association will kick off its annual National Auto Auction Week to recognize its members for their contributions to their local community and national economy, and one auction company recently shared its plans for the event. ADESA announced last week that each of its 67 North American auction locations […] [Read More]

The latest session of Auction Academy was set to a rock ’n’ roll background, as its Managers Group convened in Spokane, Wash., just in time for DAA Northwest’s Rock ’n’ Roll Sale. A continuing education program developed by TPC Management Co., for professionals in the auto auction industry, Auction Academy’s latest class met July 15-17 […] [Read More]

AutoCanada Inc. announced this week it has obtained approval from Chrysler Canada to purchase the operating assets and real estate of Eastern Chrysler Plymouth Inc., which owns and operates a Chrysler Dodge Jeep Ram dealership in Winnipeg, Manitoba. The 66-year-old dealership, now part of the AutoCanada dealership group, retailed 660 new vehicles last year and […] [Read More]

Car and truck wholesale prices in July are continuing to ease slightly, making for what NADA Used Car Guide’s Jonathan Banks is calling “another mild month.” So far this month, used prices have fallen 1.3 percent, similar to June’s 1.1-percent rate of depreciation. “Although July’s month-to-date figure is a bit higher than June’s rate, depreciation […] [Read More]

With headliners such as REO Speedwagon, the Steve Miller Band and Travis Tritt, it’s certainly a music-filled summer at four ServNet auctions. Three operations already conducted special events where guitar music filled the air while yet another site is rolling out the final plans for tunes to be the focal point of entertainment. One of […] [Read More]

For some ServNet auctions, summer marks the season to think outside of the box when it comes to sales. News coming out of the auction group highlighted a series of successful promotional sales. First up, Carolina Auto Auction launched its summer promotional season with its annual Corn Roast in June. The auction featured more than […] [Read More]

The ServNet Auction group is celebrating the addition of its newest member, DAA Seattle, raising the company’s membership count to 32 as it marks its 25th anniversary year.  Owned and operated by the McConkey Auction Group, DAA Seattle held its grand opening sale on June 25, running six full lanes of dealer-consigned inventory. “We are […] [Read More]

Sanford Auto Dealers Exchange announced this week it has just completed the construction of a new Remarketing Center that officially opened this past June. [Read More]

In any sales environment — dealerships included — some botched leads will leave a salesperson scratching his or her head and pondering: What went wrong? In a recent partnership with Hyundai Auto Canada Corp., Martiz Research tried to solve this very question and more, looking into the concept that just one negative element can ruin […] [Read More]