Among approximately 2,200 vehicles that Black Book editors adjusted on average each day last week, Ricky Beggs shared that it was modifying wholesale prices of average- and clean-condition models that caused the most noteworthy movements. Beggs mentioned that 36 percent of the average-condition changes resulted in an upward price adjustment while 33 percent of clean-condition […] [Read More]

Ford's Vehicle Remarketing Department recently spotlighted 12 auctions for their exceptional performance as Automotive Remarketing Services Partners. Receiving honors at the recent National Auto Auction Association conference, the following auctions were named ARS Partner Recognition Award Winners: Manheim Pennsylvania Manheim Mississippi Brasher’s Salt Lake Auto Auction ADESA Indianapolis Manheim New York Manheim Chicago Manheim Detroit […] [Read More]

As noted in its mid-year Auction Industry Report, the National Auto Auction Association is anticipating a “noticeable overall gain” in auction volume next year, given the projected turnaround for fleet/lease and manufacturer/factory numbers. Such an increase would likely not only help auctions, but also aid dealers in finding more inventory for their used-car lots. However, […] [Read More]

The National Independent Automobile Dealers Association recently named its choice for the 2012 Auto Auction of the Year award. Announced as the honoree by NIADA was Brasher’s Northwest Auto Auction of Eugene, Ore., in a ceremony held during the National Auto Auction Association Convention held in Orlando, Fla., last week. Steve Jordan, NIADA chief operating officer, […] [Read More]

DealerTrack announced this week that DealerTrack Canada will acquire the assets of Ford of Canada’s iCONNECT Direct DMS business.  As part of the agreement, officials highlighted that DealerTrack will assume control and own the administrative, sales and support operations of Ford's iCONNECT Direct DMS in the Canadian provinces.  They noted Ford of Canada will continue […] [Read More]

Airport Auto Auction recently announced it has been awarded a contract with the U.S. General Services Administration, and will soon hold its first GSA sale. Officials at the family-owned independent auction, which is celebrating more than 30 years in business, say they expect to host their initial GSA Sale on Nov. 8. “October is always […] [Read More]

The National Auto Auction Association has elected a vice president for the 2012–2013 term, and chosen for the post is Ellie Johnson. Johnson — the general manager of Manheim North Carolina in Kenly, N.C. — was elected at last week’s NAAA Conference. [Read More]

Wholesale prices are looking quite similar to the market dealers experienced last year at this time, according to the latest  "Beggs on the Used Car Market" video report. And most car and truck segments all saw mild declines. First, the car segments saw an average decline of $70 in the lanes last week, reported Ricky […] [Read More]

With the National Remarketing Conference starting in about five weeks, time is running out to register and book hotel rooms for the event, which will feature dynamic conversations with some of the industry’s leading executives. One such panel conversation will take place during the final session on the second day of the conference, Nov. 15. [Read More]

For the wholesale market in September, the name of the game was stability. Not only were the month’s used-car prices essentially static from August, the year-over-year decline slowed “considerably,” said ADESA’s Tom Kontos. Overall, the average wholesale price during September was $9,550, according to the latest report from ADESA Analytical Services. This marks a 0.3-percent […] [Read More]