Wheels, Inc. announced its Auction Performance Awards on Wednesday, recognizing the auction locations that had the strongest sales performance results for the company's clients during the past year. The company also spotlighted those that made the greatest improvements. “Delivering strong resale proceeds and an overall positive remarketing experience for our clients would not be possible […] [Read More]

After starting to move vehicles down the lanes at its new Keystone State operation last month, Auction Broadcasting Co., is gearing up for ABC Lancaster Pennsylvania’s grand opening sale, which is scheduled for Wednesday beginning at 10 a.m. The company anticipates having more than 1,300 vehicles and more than $5,000 in giveaways, as well as […] [Read More]

When Black Book reviewed last month’s overall wholesale price movements, editors found that import model values declined more than ones associated with domestic units. To be exact, editors noticed import used-vehicle values dropped by 1.8 percent compared with domestic models, which ticked down by 1.4 percent. Black Book indicated used imports are currently averaging $20,033, […] [Read More]

With years of auction industry leadership under his belt, Paul Lips is now stepping into his role guiding the National Auto Auction Association as its 2013 president. But interestingly enough, it was the need for a change-of-pace that brought him into the auction business in the first place. Some six years into his career in […] [Read More]

ADESA Analytical Services has been busy for weeks completing a major revision of the vehicle model class segmentation system Tom Kontos and his team of analysts utilize. On Wednesday, Kontos revealed ADESA’s new segmentation system; one he contends more accurately reflects current trends in vehicle model lineups. Kontos indicated that the major differences between the […] [Read More]

A new integration between Auction Edge and ShipCarsNow is designed to help dealers and consignors transport vehicles more efficiently. Auction Edge announced this week that buyers, sellers and consigners across the independent auto auction industry can now utilize ShipCarsNow from Auction Edge’s auction management platform. The integration offers Auction Edge customers the ability to ship […] [Read More]

For at least the second time in less than three weeks, a car carrier fire has claimed a truckload of used-car inventory, this time multiple high-end models. At approximately 1:40 a.m. on Tuesday, the rig caught fire on the Kutztown Bypass in Maxatawny Township, Pa., according to Officer Darren Simmers of the Berks-Lehigh Regional Police […] [Read More]

Wholesale price declines are slowing down, according to this week’s edition of the "Beggs on the Used Car Market" video report. The managing editor of Black Book started his report by noting that even though this time of year usually brings higher depreciation levels than the rest of the year, “as we look at the […] [Read More]

During the upcoming National Remarketing Conference — scheduled for Nov. 14–16 — attendees will be privy to the 2012 Women in Remarketing awards presentation, sponsored by Ally Auto Remarketing. The awards will be presented on the second day of the conference, Nov. 15, at  2 p.m., and then all 13 honorees will share their thoughts […] [Read More]

As of this week, Auction Edge Inc. is adding an additional check-in module to its open management platform. The company announced on Monday that Auction Edge, which provides a national remarketing platform of more than 130 independent auto auctions in the U.S. and Canada, will now support vehicle check-in through AWG Remarketing’s mobile tool. Check-in […] [Read More]