Copart announced more than just the third-quarter financial performance of its current fiscal year as the company also said late last week that it acquired Salvage Parent, which conducts business primarily as Quad City Salvage Auction, Crashed Toys and Desert View Auto Auction. The move is leaving Copart management with the task of how to […] [Read More]

Kelley Blue Book reported last week that used auction values reached a three-year low in May and also highlighted a few interesting trends within the segments, some based on seasonality with high incentives playing a role, as well. First up, highline vehicles retained a bit of price strength in the lanes this past month. Auction […] [Read More]

Kelley Blue Book has reported that used-car auction values have reached a three-year low. After the 2008 recession and the consequential drop in off-lease supply, news like this has been a long time coming for dealers. In fact, KBB senior market analyst for automotive insights Alec Gutierrez said, “This year started at a three-year high, […] [Read More]

If you look at Kelley Blue Book’s graphs, you will see that the monthly movement in auction retention values for used hybrids has resembled waves the past two years. In 2013, however, it has looked more like a ski slope (albeit, a bunny slope, not a double black diamond). “2013 has been a year of […] [Read More]

Central Auto Auction of Hamden, Conn., this week announced its new assistant general manager. Peter Saldamarco, president of the auction, named Anthony Salerno to the role. Salerno previously worked as assistant general manager for ADESA Long Island, and more recently as general manager of ADESA Miami. Salerno’s prior experience at these major national auction facilities […] [Read More]

Organizers of the Dealers Auto Auction of Oklahoma City silver anniversary celebration say plans to give away a “Mystery Car” at the event are creating buzz among dealers. DAA/OKA will hold Round 1 of its 25th anniversary celebration on June 27, where auction customers who have been submitting entries for an entire year will finally […] [Read More]

Overall “softness” for used prices in the lanes continued last week, says Black Book’s Ricky Beggs. But reasons including housing growth and the recent Oklahoma tornadoes may be contributing to truck segment auction prices remaining stronger than their smaller counterparts. The trucks have been holding their value at auction a bit better than cars this […] [Read More]

When Charleston Auto Auction holds its 10th annual Luau/Pig Pickin’ & Car Sale next month, vehicles from Avis Budget Group will be running down the lanes. Auction management highlighted Avis Budget Group intends to send more than 50 vehicles for the Luau Sale. “Look for these late-model, low-mileage, well-maintained units running in the lease/bank lane,”, […] [Read More]

Potentially boosting the supply of off-rental volume down the road, Enterprise Holdings announced on Tuesday that it acquired the business of IGO CarSharing, a non-profit organization serving more than 15,000 members with more than 200 locations in more than 40 neighborhoods. Established in 2002 as a pilot program of the Center for Neighborhood Technology, officials […] [Read More]

As part of its annual Support the Troops campaign and in honor of Memorial Day, Carolina Auto Auction and its dealers have contributed funds throughout the month of May to aid soldiers injured in battle. Dealer support of the project helped CAA raise $5,000 for the Wounded Warrior Project, as part of the auction’s annual […] [Read More]