Dealers may be enjoying a downtrend in wholesale prices in the near future, as NADA Used Car Guide says prices in the lanes for used cars and light trucks reached their “annual peak” in March. In the April edition of its Guidelines report, NADA UCG reported that prices for used vehicles up to  eigth years […] [Read More]

As used inventory continues to expand and tax season comes to a close, perhaps putting a damper on high spring sales, Black Book’s Ricky Beggs said bidding in the lanes was a bit slower this past week. “Feedback in the auction lanes from Black Book survey personnel indicate that many dealers were not bidding aggressively […] [Read More]

Auction Broadcasting Co. recently revealed it has broken ground at the all new ABC Baton Rouge facility. This new auction is located on the Baton Rouge International Airport property in Louisiana, and in phase one will feature six lanes on 30 acres of land, the company explained. Mike Hockett, chief executive officer,  of Auction Broadcasting […] [Read More]

Tom Kontos noticed seasonal movement when ADESA Analytical Services completed its monthly analysis of wholesale used-vehicle prices by vehicle model class. ADESA determined wholesale used vehicle prices in March averaged $10,028 — a level 2.9 percent higher compared to February but 5.6 percent lower relative to the same month last year. “Wholesale used vehicle prices […] [Read More]

Manheim revealed Thursday it has names a chief technology office. Manheim has selected Michael Noel for the role. Noel will report to executive vice president and chief operating officer Janet Barnard, effective May 6.   In his new role, Noel will lead Manheim’s technology systems, applications and operations.  “We are thrilled to have Michael join […] [Read More]

In his post-sale report for Tuesday, John Brasher of Brasher’s Sacramento Auto Auction noted a particular used segment showing well in the lanes this week. With dealers reporting good retail sales of late, Brasher said what’s “piping hot” on the used side is the market for cars priced at $12,000 to $15,000 and under. “We […] [Read More]

With industry recognition to announce and an expansion in planning, one auction group is celebrating its success. Dealer's Auto Auction — a group of four wholesale auctions with locations in Alabama and Tennessee — this week announced that Dealer's Auto Auction of Murfreesboro has been recognized with the Emkay 100% Club Award for 2012.  “This […] [Read More]

With 10 days to go, the 2013 Auto Remarketing Canada Conference, presented by CarProof,  has over 500 registered attendees, breaking the attendance record and bringing the event even closer to selling out. Of those attendees, over 150 are dealerships. To check out which dealerships are attending, see here. [Read More]

Celebrating 10 years in business and tens of thousands of vehicles sold, Georgia-Carolina Auto Auction will celebrate this week with sales today and Friday at the company’s public auction facility in Commerce, Ga. GCAA has served as a dealer and public auction since 2003. The company announced its anniversary and related sales on Tuesday, and […] [Read More]

Barrett-Jackson announced Tuesday that it generated more than $21 million in gross sales of rare, high-end collectible vehicles, exotics, customs, classics, hot rods and resto-mods during its 11th annual Palm Beach auction this past week at the South Florida Fairgrounds. Despite severe thunderstorms, auction officials highlighted that more than 55,000 fans were in attendance to […] [Read More]