In reviewing last week’s activity in the wholesale lanes, Black Book’s Ricky Beggs noticed something that had not been spotted in two months. Speaking about the 14 used-truck categories that Black Book monitors, Beggs noted that “the compact pickup trucks actually increased by $12. This is the first positive movement change in the past nine […] [Read More]

Team work, cars and the Rock & Roll Sale — members of Auction Academy’s inaugural class met for their second training session earlier this month and learned about all three. The students are part of a two-year training and development program for the sons and daughters of today’s independent auction owners, with sessions held quarterly […] [Read More]

For the second straight year, Brasher’s Northwest Auto Auction is celebrating its win as US Bank’s Specialty Auction of the Year. The auction has now won top honors in each year of the award’s existence. “We work hard to prove to our customers that our auction is their best choice for remarketing cars and trucks, […] [Read More]

Time is money, so the old saying goes, and new features and updates to the Charleston Auto Auction website are meant to offer dealers faster service. Charleston AA general manager Bill McCready has announced company website updates that include one-click access for dealers to run lists and no-sale lists straight from the home page, with […] [Read More]

Along with mentioning the availability of early registration, Auto Remarketing Conferences offered more details about the opener to the National Remarketing Conference, one of the many highlights of the 2012 Used Car Week. Coming off the heels of the Re3 Conference, NRC is set to begin with an Opening Keynote Discussion titled, “2012: The Used […] [Read More]

Continuing a string of growth announcements revealed throughout the year, online salvage vehicle auction company Copart opened its third physical facility in North Carolina this week. The company indicated its newest facility in the Tar Heel State is located in Mebane, representing Copart’s 155th facility worldwide. Officials explained that the site will be used to […] [Read More]

The pre-owned business at Asbury Automotive Group may be quite pivotal in helping another segment continue to make progress. Asbury generated nearly $18 million in gross profits from reconditioning and preparation work during the second quarter, helping its parts and service business achieve a 4-percent year-over-year gain in both parts and service gross profits and […] [Read More]

Auto Remarketing has learned who will succeed R. Charles Nichols as ServNet president in 2014. Nichols announced that his successor will be Patty Stanley, who has been elected to serve as vice president of the company’s board of directors. Stanley and her husband, Henry Stanley, are the owners of two ServNet auctions: Carolina Auto Auction […] [Read More]

Black Book found that the last week’s average wholesale price declines for both cars and trucks established new highs for the calendar year. Managing editor Ricky Beggs revealed that car prices tumbled by $63 last week while truck prices sunk by $78.  Beggs said during his weekly online video analysis, “Beggs on the Used Car […] [Read More]

In what might be encouraging news for some dealers, Moody’s Analytics projected that used-vehicle prices not only will continue to soften, but the decrease will extend at least through the middle of 2014. However, the firm doesn’t expect used-model prices to dip as low as what dealers experienced during the recession. Instead, Moody’s anticipates a […] [Read More]