As tax season wraps up, the Center for Automotive Research released a study Wednesday that highlighted the significant impact the auto industry has on both the country’s federal and state tax revenue. Accounting for more than $135 billion of tax revenue, the study found that the use and sales of more than 250 million vehicles […] [Read More]

Nebraska Auto Auction will host one of the largest specialty car auctions in the region this weekend. The Midwest Muscle and Specialty Car Auction will feature 400 hot rods, muscle and sports cars, classics and motorcycles at CenturyLink Center in downtown Omaha, Neb. Nebraska AA president and owner Eric Bigler pointed out this sale is […] [Read More]

With the deadline to file federal income taxes looming, Ricky Beggs shared what he and the rest of Black Book’s editors are hearing about how this year’s refund season has unfolded. Beggs began his latest edition of “Beggs on the Used Car Market,” by saying, “spring has sprung. “I was not only thinking about how […] [Read More]

General Motors and Toyota secured the most honors in the seventh annual Vincentric Best Fleet Value in America Awards. Announced Tuesday for 39 different vehicle segments, Vincentric praised a total of nine GM vehicles while seven Toyota models also drew accolades.  Other brands earning multiple awards were Ford, Hyundai, Chrysler Group, Volvo and BMW. Vincentric […] [Read More]

Charleston Auto Auction is teaming up with Automotive Rentals Inc. to honor the military during a special sales event later this week. In addition to approximately 1,000 vehicles being up for sale, the event will include a free breakfast to start the day then a performance from the American Legion Color Guard, who will present […] [Read More]

While the selection of hybrid models in the U.S. has more than doubled since 2007, Polk discovered this week that only 35 percent of hybrid vehicle owners choose to purchase a hybrid again when returning to market in 2011. If repurchase behavior among the high volume audience of Toyota Prius owners isn’t factored in, Polk […] [Read More]

Just last week, at the Barrett-Jackson Palm Beach auction, one special unit was sold not once, but twice. The sales of the wrapped special-edition 2011 Ford Shelby GT500, signed by veterans, their family members and supporters, raised $1,000,200 for Wounded Warriors Family Support. [Read More]

Sales of used vehicles by National Auto Auction Association members last year totaled 7.7 million units worth $73 billion, according to the organization’s 15th annual survey revealed on Monday.  The survey determined the number of vehicles entering the auctions decreased by 1.6 percent to 13.7 million, and the percentage of units sold was down 3.5 […] [Read More]

Manheim’s Tom Webb believes dealer consignment vehicles are fetching record prices, and a California used car manager has no reason to doubt it. During his quarterly conference call on Monday to discuss the wholesale market, Webb revealed dealer consignment prices hit $10,400, what he said was “an all-time high.” Manheim Consulting research showed dealer consignment […] [Read More]

When the winner of the 2012 World Automobile Auctioneers Championship was awarded, it marked a historic day for the 24-year-old competition. Becoming the first woman ever to take the World Champion title was Cheri Boots-Sutton of Belton, Mo., who competed 10 times before taking home the top prize this year. Her win came with a championship trophy, […] [Read More]