Bel Air Auto Auction has broken grown on its new facility in nearby Riverside, Md. The auction held a groundbreaking ceremony on Sept. 16, parent company BSC America announced. The new Bel Air Auto Auction facilities will tout a 75,000 square foot, 10-lane auction facility, as well as a 35,000-square-foot mechanical and body shop. BSC […] [Read More]

After holding strong values through most of the year, trucks posted the largest price decline at auction since 2014 this past week, showing signs of approaching fall. The latest Black Book Market Insights report shared truck prices dropped 0.46 percent or $73 last week, “indicating that the fall price declines might finally be in full […] [Read More]

XLerate Group, formerly known as American Auto Auction Group, announced the addition of two experienced and respected individuals in the remarketing industry to its corporate sales team.  On Tuesday, the company promoted Kelly McAllister as director of business development, joining XLerate’s newest hire Julie Heichel, who will be director of sales operations Both McAllister and […] [Read More]

“Bring Your A-Game.” That’s the slogan heading Autotrader’s new B2B advertising campaign, which the company says is a “rally cry” for dealers to capture the raw emotion behind the hard work of their businesses. The company says it’s also a reflection of its internal motivation to help its customers. “Dealers should have high expectations of […] [Read More]

American Recovery Association officials landed their keynote speaker for the next North American Repossessors Summit coming up in April. Scheduled to appear at the event with the headline sponsor Harding Brooks Insurance is Rocky Bleier, who intends to recap his courageous tale that takes place on the football fields of America and the battle fields […] [Read More]

The hammer is falling on Volkswagen in both the U.S. and Canada. VW Canada told its dealers yesterday to stop selling diesel-powered vehicles involved in an emissions-testing scandal that recently came to light. This statement comes just a few days after the U.S. Environmental Protections Agency and the California Air Resources Board revealed its findings […] [Read More]

Manheim has created a new position that will have responsibility for auction operations, digital services, vehicle solutions and product management. Named to this the newly created post of senior vice president of inventory services is Grace Huang, who had been vice president of enterprise product planning for Manheim parent Cox Automotive. Huang reports to Manheim […] [Read More]

Perhaps while finance companies consider changes to underwriting practices as the fourth quarter approaches, Black Book’s latest white paper shows how executives and managers should be using collateral and residual values in the underwriting process. Black Book highlighted that the paper illustrates the importance of how collateral and residuals can help finance companies manage risk […] [Read More]

Fitch Ratings doesn’t expect Volkswagen to pay the highest possible fine — $18 billion — stemming from the U.S. Environmental Protection Agency and the California Air Resources Board revealing findings that allege five of the OEM’s diesel-powered vehicles include “defeat device” software that circumvents emissions standards for certain air pollutants. However, the automaker is already […] [Read More]

CarMax already has high-profile partnerships with a pair of professional football teams — the New England Patriots and the Denver Broncos. On Monday, CarMax ventured in the college gridiron ranks with a new partnership with the Minnesota Golden Gophers. As part of the multi-year sponsorship agreement through Learfield Sports' Gopher Sports Properties, CarMax is now […] [Read More]