Sparked in part by a rush of off-rental units, ADESA found January wholesale prices trending higher both on a month-over-month comparison as well as against year-ago readings. According to ADESA Analytical Services’ monthly analysis of wholesale values by vehicle model class, prices in January averaged $10,037 — up 2.5 percent compared to December and 1.3 […] [Read More]

Organizational changes were announced this week by family-owned Pittsburgh Independent Auto Auction, as several people take on new roles within its executive team.   Named chairman and chief executive officer of Pittsburgh Independent Auto Auction is David Angelicchio. Dennis Angelicchio has been appointed president of the company, and Debra Angelicchio-Jackson was appointed vice president. Company […] [Read More]

KAR Auction Services has announced its vice president of enterprise optimization. Promoted to the role effective immediately, company officials announced on Tuesday, is Stacey White. White most recently served as director of process improvement and cost management for KAR, and recently added responsibility for its sourcing and procurement division to her duties. She joined the […] [Read More]

CNW Research indicated that the days’ supply of used vehicles is moving up this month, topping 50 days for only the second time in more than two years. According to the firm’s February edition of its Retail Automotive Summary, the current level also is 13 percent higher than February of last year, "But well within […] [Read More]

The tax season may be contributing to a strong market in the lanes, says Black Book’s Ricky Beggs. The word from dealers last week at auction? “Busy buyers with sellers trying hard.” Beggs explained the market was strong and active, as Black Book ended up adjusting the values of more than 2,040 vehicles per day […] [Read More]

The National Auto Auction Association is hosting a free webinar for its members on how to navigate the requirements of the Patient Protection and Affordable Care Act. The nearly three-year-old federal legislation better known as ObamaCare will be dissected by: —Kevin Kuhlman, manager legislative affairs at the National Federation of Independent Business —Bob Graboyes, senior […] [Read More]

A newly-launched Manheim product offering advanced mobile bid and buy options is already earning kudos in the technological world. Manheim this week announced its win of the Product Launch of the Year award for its new product Simulcast on Mobile, from the Technology Association of Georgia Product Management Society. Simulcast on Mobile allows dealers to […] [Read More]

ShipCarsNow named a new president who will take on the role effective March 4. Tapped for the position at Union Pacific Railroad’s subsidiary is Marty Coalson, who will succeed Roland Fortner who will be taking a new position within Union Pacific’s marketing and sales group.  Coalson has been with Union Pacific for 34 years, most […] [Read More]

Last week, the Westlake Financial Services Remarketing Department named its top auctions for 2012, with four locations taking home the honors. The honorees are as follows: Rawls Auto Auction (Leesville, S.C.) was named the Eastern Region Auction of the Year; Kansas City Independent Auto Auction (Kansas City, Mo.) takes top honors for the Midwest, and […] [Read More]

Auction Academy, which saw industry participation that exceeded first-year expectations, will start its second year off with a new president. Pierre Pons, president and chief executive officer of TPC Management Co., which developed Auction Academy, announced that Richard Curtis will serve as president of the professional education program for the auto auction industry. “The independent […] [Read More]