ServNet Auction Group has added two more locations to its network of independent auctions. McConkey Auction Group’s newest additions — MAG Alaska and DAA Portland — are now on board, which ServNet said marks not only MAG’s continued expansion but also ServNet’s “commitment to fostering innovation, operational excellence and trusted service within the automotive remarketing […] [Read More]

Mid Kansas Auto Auction gave a helping hand to children in its community who need one. The Wichita auction’s Helping Hands Benefit Sale on June 18 raised $30,077 for Wichita’s Littlest Heroes, a nonprofit organization that serves medically fragile children and their families in Kansas through free events, financial assistance, art therapy, online support and […] [Read More]

The practice is as old as commerce itself; the process of buyers and sellers meeting on the price of that good or service. Well, it seems that practice was prevalent at the auctions last week, based on the latest observations from Black Book, which said wholesale values softened by 0.63%. That’s a rate more than […] [Read More]

The Automotive Remarketing Alliance and National Auto Auction Association said Wednesday that they will jointly host the Spring Remarketing Exchange next year. The event is March 2-4 at the Renaissance Dallas Addison Hotel in Addison, Texas. ARA had previously partnered with Bobit Business Media for the spring CAR Conference. The parties mutually agreed to wind […] [Read More]

June marked the first time in more than two-and-a-half years that wholesale auction sales fell on a year-over-year basis, according to the latest AuctionNet data from the National Auto Auction Association. While year-to-date auction sales are up close to 6%, last month’s volumes were off 1.9% from June 2024 (selling-day adjusted), coming in at 540,200, […] [Read More]

Two of the leaders in the used electric vehicle space have teamed up to take used EVs from consumers and sell them to dealers. Plug, which is an online wholesale auction specifically for used EVs, has partnered with Recurrent to be the exclusive wholesale partner for the EV analytics provider’s consumer-facing “Sell with Recurrent” program. […] [Read More]

ADESA announced new leaders at three of its auctions. Tonya Thomas has been named general manager of ADESA Shreveport, Tommy Howard is the new GM of ADESA Little Rock and Eric Renfro has taken the reins as GM of ADESA Indianapolis. Thomas has been with ADESA Shreveport for more than 35 years, serving as commercial […] [Read More]

There is no question that, over the last few years, the ranks of the independent auctions in the National Auto Auction Association are shrinking. We have observed the buying sprees by digital platforms like EBlock (three U.S. acquisitions) and ACV (10 U.S. acquisitions, including long-time iconic auctions like Dealers of Oklahoma City, 166 Auto Auction, […] [Read More]

RB Global is enhancing its worldwide presence again via IAA. The company announced on Thursday that IAA has launched a new market alliance with CarGo Logistic Azerbaijan. According to a news release, CarGo Logistic Azerbaijan will operate an IAA Auction Center, where its team will provide local services and assistance to buyers seeking to browse, […] [Read More]

Perhaps some dealers didn’t rest much last week, which included the Fourth of July. With the holiday in mind, Black Book experts weren’t surprised when they assembled the newest wholesale data for their latest installment of Market Insights. Black Book reported overall wholesale values dipped by 0.25%, but last week’s auction conversion rate ticked up […] [Read More]