A bill backed by the National Automobile Dealers Association that officials said repeals an unnecessary paperwork burden on dealerships is headed to the president’s desk. The specific measure, H.R. 724, passed through the U.S. Senate last Thursday by unanimous consent, eliminating a 1977 federal mandate requiring dealers to verify that new vehicles are compliant with […] [Read More]

As overall auction price softening continued last week, one segment bucked the trend: full-size vans. Black Book’s Ricky Beggs pointed the trend out in his latest “Beggs on the Used Car Market” video report, noting this “might be a good time to be a seller of used full-size vans and wagons.” Over the past nine […] [Read More]

AutoTrader.com is tapping into the well of industry knowledge held by longtime auto market expert Michelle Krebs. The analyst with over 30 years of experience in the industry is joining the AutoTrader team to provide industry analysis and insights from the site’s data, the company shared. Krebs' most current role was as senior analyst at […] [Read More]

With the help of a hefty loan from the Department of Energy in 2009, Tesla Motors has survived infancy, and is becoming more and more popular, as it expands its lineup and plans to offer a more affordable option for consumers in the near future. The company has now been around long enough to start […] [Read More]

They’re spread throughout the country, from Newport Beach, Calif., to Sterling Heights, Mich., and countless towns and cities in between. They sell import brands, domestic brands, luxury rides, family vehicles, trucks and cars. But they’re all part of Auto Remarketing’s Top 100 Used Car Dealers, presented by Black Book. Throughout this series, which begins with […] [Read More]

April saw strength both in the lanes and on the lots, as used-vehicle sales rose by 4 percent, and the last of the tax-season buying spree provided a boost in the lanes, as well. Manheim chief economist Tom Webb contends recent retail market strength is serving to keep auction prices elevated. And early indications are […] [Read More]

A joint effort of dealerships and employees has led to a big honor for one Midwest auction. Honored as the largest corporate donor ever to a program aimed at helping abused children is independent auto auction KCI Kansas City. The auction was honored at the Jackson County CASA Light of Hope breakfast on April 9 […] [Read More]

To celebrate nearly two decades of partnership between the auction and dealers, Auto Auction of New England will host the Buck Dynasty event on June 5.     Featuring plenty of fleet/lease and consignment vehicles, Buck Dynasty will also include AANE’s annual Specialty Car Sale featuring classic, antique and unique vehicles. "We are looking forward to […] [Read More]

American Auto Auction Group announced today that it has been purchased by Huron Capital Partners, a Detroit-based private equity investor that aims to grow lower middle-market companies in partnership with management through customized buy-and-build strategies.  Serving as the new chief executive officer of AAAG will be Cam Hitchcock, who most recently served as executive chairman […] [Read More]

Late last week, NADA Used Car Guide was anticipating that auction prices would continue to correct from tax-season highs. According to NADA Used Car Guide AuctionNet data, wholesale prices were expected to fall by 0.3 percent, or $50, last week. There are only two segments that were expected to see prices increase during the week: […] [Read More]