Black Book co-founder and former president Eugene McDonald died Monday, the National Auto Auction Association said in a message to members Wednesday. McDonald sold Black Book to Cox in 1965, served on that company’s board of directors and helped Cox move into the auto auction market, as it purchased its first auction (now known as […] [Read More]

Black Book’s newest installment of Market Insights gave a clear look at what happened in the lanes during the last full week of the month, quarter and first half of the year. And it appeared consignors might have cleared some volume, and dealerships reinforced their inventory to prepare for sales fireworks amid Fourth of July. […] [Read More]

Central Dispatch has taken the first step in its coming “transformation.” Cox Automotive’s logistics marketplace has launched Central Dispatch Enterprise, which it calls “a customizable package of end-to-end capabilities” aimed at large automotive shippers and brokers. That package, the company said in a news release, includes a private marketplace structure, market intelligence powered by an […] [Read More]

The downward trend in wholesale used-vehicle prices continued through May and the first half of June – but there are signs the rate of decline in the coming months could be slower than the steep drop of last summer. In his latest Kontos Kommentary, ADESA chief economist Tom Kontos said wholesale prices averaged $14,329 in […] [Read More]

CARS Recon founder Ron Hope, a veteran of more than 50 years in the auto auction industry, died last week at the age of 80. Hope, who passed away June 21 at his home in Franklin, Tenn., formed Capital Automotive Reconditioning Services in 2002, growing the operation from a single location with 12 employees to […] [Read More]

McConkey Auction Group is going all in on EBlock. The Spokane, Wash.-based group, which has been using EBlock’s dealer-to-dealer auction platform and Live Auction channel in its MAG NOW digital auction, is expanding that platform’s range into Northern California “from Fresno to the Oregon border,” according to MAG’s website. In a news release, EBlock said […] [Read More]

More than 40 new electric vehicles are expected to hit the market by 2025, according to J.D. Power. Experts think this increase seems to be driven by increased automaker incentives, high interest rates, federal EV tax credit leasing loophole, and concerns about long-term serviceability and battery health. And they said an increase in leased EVs […] [Read More]

Auction Edge said Tuesday that Pipeline Market Report values can now be accessed for cars listed on the EDGE Pipeline platform. Those values had previously only been accessible through a subscription to Carbly, which is a vehicle sourcing and appraisal platform. Pipeline Market Report is a collaboration of Auction Edge and Carbly and offers a […] [Read More]

RPM Freight Systems has been acquired by private equity firms Bluejay Capital Partners and Trive Capital. RPM was founded in 2011 and provides transportation management solutions to new and used-vehicle finished logistics and other specialized freight markets in North America and Europe. Barry Spillman is the company’s founder and CEO. “As we enter our next […] [Read More]

Last month, Xander Schauffele won the PGA Championship at Valhalla Golf Club in Louisville, Ky., securing the first-ever major championship for the golfer currently ranked No. 3 in the world. Monday, fresh off a tied-for-seventh finish in the U.S. Open, Schauffele scored another victory: a two-year partnership to be an ambassador for the AVIS car […] [Read More]