Specializing in collector cars, Barrett-Jackson announced this week that its 2nd annual Orange Country Auction is scheduled for June 24–26 and is set to be even bigger this year. The three-day automotive lifestyle event will return for a second year to the OC Fair & Event Center in Costa Mesa, Calif. To accommodate the Scottsdale, […] [Read More]

Continuing a trend within the auction industry to boost charity work, Advanced Remarketing Services enhanced its vehicle donation program with a new partner. On Tuesday, the company reinforced its commitment to supporting the humanitarian relief effort for children by partnering with the U.S. Fund for UNICEF. Advanced Remarketing Services explained the U.S. Fund for UNICEF […] [Read More]

In light of the ever-moving dynamics in the economy, ALG has found that shifts in fuel cost and used-vehicle supply forecasts have led to residual value projections sliding over the past couple of months, the company said in its July/August edition released late last week. More specifically, ALG indicated that residuals value projections have dropped […] [Read More]

Late last week, Donlen tapped a veteran executive to be its new director of strategic consulting and sustainability. Taking on the role is Amy Blaine, who brings to Donlen 20 years of experience building and managing complex consulting projects. Most recently, Blaine oversaw projects for ComEd where she redesigned the greenhouse gas reporting process to […] [Read More]

General Motors appointed a new director of national accounts for fleet and commercial operations to replace Bill Gibson, who announced his retirement last month. Assuming the role as of  Wednesday was Jeff Haag, who most recently was the fleet account executive in GM’s North Central Region, having been responsible for Minnesota, Iowa and the Dakotas. […] [Read More]

An investment analyst asked Copart chief executive officer Jay Adair Thursday whether the company’s vast amount of ongoing technology and infrastructure changes should be viewed as ways to improve efficiencies or secure market-share gains. Adair didn’t hesitate to say the reason was to boost both. In a conference call to discuss the company’s third-quarter performance […] [Read More]

Interstate National Dealer Services revealed Tuesday the company has successfully completed a strategic alignment with Hyundai Motor America to administer the Hyundai Assurance Trade-In Value Guarantee, the newest addition to the Assurance suite of programs. Officials recounted that the new Hyundai Assurance program is meant to eliminate concern about depreciation by giving Hyundai owners a […] [Read More]

Although the chatter throughout the used-vehicle market has centered on concerns of whether the so-called bubble will soon burst, Black Book’s Ricky Beggs stressed that while he appreciates the trepidation some dealers may have, there are mitigating supply and demand dynamics that should relieve some of the fear. In other words, used-car demand should stay […] [Read More]

Canadian wholesale prices during April were stronger than what is typical for the season, meaning that despite the fact that values were down sequentially, the ADESA Canada Used Vehicle Price Index improved marginally over the previous month. Specifically, ADESA’s data — powered by ALG Canada — indicated that the index jumped about 0.3 points in […] [Read More]

Given today’s high used-vehicle prices and the uncertainty about where the market might be, in say, 30, 60 or 90 days from now, many dealers have been cautious about wholesale purchases, Black Book’s Ricky Beggs pointed out this week.   But he doesn’t believe high prices should necessarily keep dealers from buying what they need. [Read More]