After years of tight used inventory following the 2008 recession, supply is on the road to recovery. And it’s showing in the lanes. Not only are dealers seeing more of the quality, pre-owned units they need, they are also experiencing much lower prices than seen in the past few years. In fact, wholesale used  prices […] [Read More]

Caprock Auto Remarketing announced Tuesday it has a new auction manager. Tapped for the position is Hollie Fleming, who brings 15 years of experience in collateral liquidation to the company. "I am excited to welcome Hollie Fleming, a proven industry veteran, to the Caprock team," says Caprock Auto Remarketing president Scott France. "Hollie understands the […] [Read More]

ARI announced this week that it acquired the fleet management segment of a European operation, the business holdings of Fleetlevel+ Services GmbH. ARI indicated the transaction is expected to close in August. ARI president Carl Ortell highlighted the new company, which will be known as ARI Fleet Germany, supports ARI’s continued development of a strong, […] [Read More]

Along with discussing the latest Manheim Used Vehicle Value Index, economist Tom Webb highlighted why he doesn’t expect a significant drop-off in wholesale prices during the second half of the year. Webb indicated the No. 1 reason why he has “made comments that I think the easing might be a little less than people are […] [Read More]

Though overall auction values remain relatively flat, showing small decreases here and there, increasing inventory and new models hitting the market are making waves, says Black Book’s Ricky Beggs. In fact, two segments last week saw price shifts for 50 percent or more of the vehicles within their categories. The midsize pickup segment saw 64 […] [Read More]

Auto Auction Services Corp. announced a proposal late last week for its online Multi-Listing Platform that it believes will help tackle a “major business issue” for consignors and auctions: the need for an online tool that allows for simultaneous listings on multiple online auctions. [Read More]

General Motors of Canada has appointed a new vice president of sales, service and marketing. Tapped for the new VP position is John Roth, who succeeds Marc Comeau, who will move to GM Korea. In his latest role, Roth was the regional director responsible for the Cadillac South Central Region within U.S. sales and service. […] [Read More]

NextGear Capital announced on Tuesday that the company moved its vice president of customer service over to be its vice president of operations and business development for the Western region of the United States. Now with oversight of the rapidly developing growth throughout the Western region is Randy Dohse. NextGear Capital chief operating officer Shane […] [Read More]

Strong prices for trucks in the lanes — or so the story goes for the  first half of 2013. But the tides have turned, with the past few weeks showing trucks having greater declining values than their smaller counterparts. Overall, last week’s market activity brough an average depreciation level for car and truck segments of 0.3 […] [Read More]

Through two separate campaigns, KAR Auction Services raised more than $69,000 in fundraisers associated with the American Diabetes Association and the National Independent Automobile Dealers Association Foundation. The company generated the larger of the two fundraising totals through the Indiana Tour de Cure, which resulted in a donation of more than $50,000. The Tour de […] [Read More]