While touching on several elements of the nation’s economic standing, ALG took a deeper look at Canada’s housing market because the firm strongly believes home price growth can have a significant impact on residual values. In fact, ALG determined a change in housing prices over a 48-month term can contribute a 0.2-percent rise in average […] [Read More]

Impact Auto Auctions revealed when its new Impact Toronto facility will open as well as when sales will begin. Officials plan to open the new operation and start to take assignments on Tuesday with sales commencing in mid-November. They indicated auction sale dates will be announced in the near future. Impact Toronto is located at […] [Read More]

A former sheriff and powerlifting champion, Frank Hackett has led National Auto Auction Association as its chief executive for the past eight years. Auto Remarketing recently chatted with Hackett about his journey to the remarketing business and all the interesting stops along the way. [Read More]

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]