The wholesale value feast consignors have been enjoying for some time might finally be finishing. Black Book spotted a wholesale price decline last week not seen in a year, as analysts said that overall values softened by 0.86%. That’s nearly double the [Read More]

In this edition of Auciton News Roundup, we spotlight three particular charitable endeavors among auto auctions.  And we begin in the Lone Star State. Alliance Auto Auction, a Texas-based group of five physical auto auctions and two digital platforms, said it has raised more than $50,000 this year for CitySquare Abilene Project and Simply Sparrow […] [Read More]

A week after updating its expansion activities in Indiana, IAA said, “Aloha,” from Hawaii. On Thursday, IAA announced the opening of a state-of-the-art, full-service facility in Honolulu. The company highlighted this new location more than triples IAA’s capacity in the state, providing support to meet evolving client needs. IAA said through a news release that […] [Read More]

Perhaps it shouldn’t alarm consignors and dealers too much, but Black Book spotted a vehicle segment make a notable value decline for the first time in 77 weeks. After a stretch of price increases or week-over-week stability that began February 2021, analysts said prices for full-size vans dropped … [Read More]

Bain Capital, along with a wholly owned subsidiary of the Abu Dhabi Investment Authority, have entered a definitive agreement to buy Merchant Automotive Group, which does business as Merchants Fleet and Merchants Auto. The deal was announced Thursday by Merchants. The company said in a news release that Merchants’ leadership team will retain their current […] [Read More]

There are much more than corn and soybeans growing in Indiana this summer. This week, IAA announced the completion of the IAA Indianapolis South branch expansion and the start of construction on the new IAA Fort Wayne branch. According to a company news release, these two investments will more than double IAA’s capacity in the […] [Read More]

Cox Automotive announced an acquisition Thursday that not only expands its presence in the medium- and heavy-duty fleet parts and service segment, but also adds direct part sales and semi-trailer sales to its Cox Automotive Mobility Services business unit. The company has purchased Trudell, a provider of trailer service and repairs, heavy-duty truck and trailer […] [Read More]

Black Book isn’t referencing the Fourth of July hangover your friend had when reporting that wholesale values struggled again last week. Analysts detailed in their newest installment of Market Insights that wholesale prices dropped another [Read More]

As part of the upcoming NAAA Convention issue of Auto Remarketing, we are once again spotlighting the High Performance Auto Auctions.  Essentially, this is a roundup of "Auto Auction of the Year"-type awards from consignors, auction groups and other industry stakeholders. For example, if you are a consignor, this might be a list of your auction of […] [Read More]

The September edition of Auto Remarketing will celebrate the National Auto Auction Association and the auto auction industry at large. One of the features in this special issue is the annual “Auction Life” photo spread, where we invite NAAA-member auctions to submit photos of daily auction life from the past year. If you and your auction(s) would like […] [Read More]