Auction managers are signed up for school, as Auction Academy this week announced the full enrollment of its Second Class Group. Comprised of representatives from 15 independent auctions belonging to the National Auto Auction Association, the group will complete a two-year curriculum, meeting quarterly, with its first session scheduled for Nov. 29 in Nashville, Tenn. […] [Read More]

Even as gas prices continue to rise and overall used-car price declines have picked up, according to Black Book’s Ricky Beggs, trucks continue to buck the trend. So far in September, used-car prices have dropped by 2.0 percent, compared to April when prices slid just 0.2 percent. But trucks, on the other hand, have shown […] [Read More]

ADESA Mexico City on Tuesday announced the launch of LiveBlock at its auction located in Toluca, Mexico. Officials highlighted this is the first time ADESA’s live online purchasing tool has been available to registered Mexican dealers. ADESA recapped that via real-time audio/visual feeds, LiveBlock simulcasts a live auction as it is happening. The tool is […] [Read More]

Brasher’s Northwest Auto Auction finished the summer season with its eighth annual Checkered Flag Sale, an event that included team racing, a collector and specialty car show and auction, lively music, great food and a charity event. All of those events led up to Brasher’s signature Checkered Flag Sale on eight lanes of action. “Our […] [Read More]

AutoIMS contends that juggling vehicle bids and sales between multiple online and physical auction platforms is not an easy task. After months of development, testing and client feedback, the company believes it now addresses these challenges directly by offering commercial consignors and auctions an integrated system to manage inventory through online and in-lane selling venues. […] [Read More]

While describing last week’s price trends as a “leveling market,” Ricky Beggs shares what he and the rest of Black Book’s editors expect to see as the wholesale scene ventures into autumn. Beggs indicated that Black Book’s outlook for the next couple of weeks is “an active market with a similar number of changes compared […] [Read More]

The branch of  the Blue Oval that offers dealers an alternative wholesale outlet for selling used vehicles that could not be retailed revealed it has reached a benchmark number in its program. Ford's Automotive Remarketing Services (ARS) program has remarketed its 500,000th vehicle for its customers.   And to celebrate this milestone, Ford  is hosting […] [Read More]

Local auto dealers came together this month to donate more than two dozen vehicles for a charity auction hosted by Harrisburg Auto Auction, and raised more than $30,000 for their cause. The dealer-only charity car auction was held Sept. 13, with 100 percent of sales and onsite donations directly benefiting the Carlisle, Pa., branch of […] [Read More]

RVI Group’s third-quarter risk outlook showed how the used-vehicle price softening analysts found in August reinforces the possibility that an even greater price decline is coming next year. The group determined used prices for two- to five-year old models (seasonally adjusted) dipped by 0.7 percent last month when compared to July figures. However, analysts acknowledged […] [Read More]

August was a month of modest wholesale price growth in Canada, according to analysis on the latest ADESA Canada Used Vehicle Price Index. Specifically, ADESA’s data — powered by ALG Canada — indicates that the index climbed “moderately” on a month-over-month basis following seasonal adjustments, and there was approximately a 0.3-percent sequential rise in wholesale […] [Read More]