As the number of average daily price adjustments stayed strong, rising gas prices kept Black Book editors busy last week. Managing editor Ricky Beggs pointed out that during the past six weeks, the national average price for a gallon of gasoline has risen by a total of 29 cents to $3.64 per gallon. “I hope […] [Read More]

The month-over-month decline in wholesale prices during July was moderately less steep than anticipated, according to NADA Used Car Guide, which attributed this particular trend to hearty truck demand making up for soft car segment values. Overall, AuctionNet prices were down 2.0 percent from June, which was “slightly better than expected,” explained senior analyst Jonathan […] [Read More]

As the ADESA OpenLane online wholesale platform continues to take shape, the company recently highlighted a series of site modifications geared to benefit buyers and sellers — 20 in all that became effective last month. Among the enhancements for vehicle searches are: —sorting by year, make, model, series and VIN all available directly on the […] [Read More]

For an auction that offered fans James Bond’s 1964 Aston Martin DB5 used in the Goldfinger and Thunderball movies, even more cars off the silver screen are set to hit the lanes at RM Auctions this week. Four vehicles linked to Steve McQueen, also known as the “King of Cool”, will be available to shoppers […] [Read More]

Dealers Auto Auction of Idaho is hosting its fifth annual Rage in the Cage MMA Sales Event next week, which will feature a night of mixed martial arts action on the eve of the 800-unit sale. The MMA fight night will begin at 7 p.m. (MDT) on Aug. 21 at the Idaho Center, which is […] [Read More]

AuctionACCESS has officially announced the launch of a new smartphone tool that it says will allow dealers to search for auctions and inventory from anywhere and at anytime. AuctionACCESS Mobile is available for both Android and iPhone and is designed to let dealers manage their membership and address potential buy and sell issues before they […] [Read More]

Fueled by across-the-board gains during the second quarter along with its recent acquisition, DealerTrack Holdings raised its financial performance guidance for the remainder of 2012. Looking first at GAAP results for the second quarter, DealerTrack’s revenue moved up to $96.4 million from $89.1 million a year earlier. As a result, the company’s second-quarter GAAP net […] [Read More]

It has barely been a month since vAuto acquired Auction Genius, and the two members of Auto Remarketing’s Power 200 are working feverishly to integrate their wholesale tools for dealers. Dale Pollak shared new details with Auto Remarketing on several fronts, including his initial impression of Auction Genius, as well as how vAuto plans to […] [Read More]

Auto Remarketing has learned that the owners of ADE Auctions Inc. recently bought an auction property in Ocala, Fla., marking the company’s third facility in the Sunshine State. Today, Michael Tumminello and Jeff Brody announced the acquisition of the facility formerly known as Big Sun Auction; the property has been renamed Ocala Auto Dealers Exchange, […] [Read More]

It was announced Thursday afternoon that KAR Auction Services subsidiary AuctionTrac has rolled out a free mobile application for dealers. Officials noted that AuctionTrac Dealer “was designed specifically with the in-lane auction buyer in mind.” The app is available now for the iPhone and iPad, and the company expects it to be accessible on the […] [Read More]