The McConkey Auction Group named a national accounts director last week, and appointed to the position for the group that includes DAA Northwest, KCI Kansas City and EPI El Paso was Mike Mikkelsen. Having started his career with South Seattle Auto Auction in 1980, Mikkelsen has been with DAA Northwest since its 1992 inception. The […] [Read More]

When Kelley Blue Book assessed January wholesale prices, analysts found an unusual situation. KBB noticed 2011 models being more valuable a year after their introduction than where 2012 units stand 12 months following their roll out. To be exact, analysts determined that 2012 model-year vehicles are actually worth 4 percent less than a used 2011 […] [Read More]

Auto Remarketing learned today that Mike Broe has been appointed to the position of president and chief executive officer of Auto Auction Services Corp. AASC indicated Broe will serve in an interim capacity and will work directly with AASC’s board of directors to make decisions regarding the long-term leadership of the organization. The company said […] [Read More]

Much to what will likely be dealer chagrin, wholesale prices are rising steadily as we approach the spring season. According to the ADESA Canada Used Vehicle Price Index, which has been updated through January, wholesale prices rose on average by about 1.6 percent, compared to the last month of 2012. Officials explained the index was […] [Read More]

Auction Edge launched a beta program Wednesday of its mobile check-in application.   Mobile check-in allows auction staff to check-in vehicles using their mobile device of choice, supporting both iOS and Android phones and tablets. [Read More]

Along with handing out its top annual award, the American International Automobile Dealers Association announced its 2013 chair during its 43rd annual meeting and luncheon on Monday. Taking on the role is Jenell Ross, a dealer from Centerville, Ohio. “Our brands, more than ever before, are America’s brands — and I’m going to tell that […] [Read More]

After discussing 2012 repossession volume and where levels could be heading, Manheim explained how the remarketing of repo units remains a “struggle” as auto finance companies are looking to move substantial volume upstream and online. Manheim acknowledged lenders are focused on converting repossessed units into cash as quickly as possible. Although the biggest stumbling block […] [Read More]

Since the Internal Revenue Service needed more time to get online tax filing systems up and running so potential used-vehicle buyers could get refunds, Black Book found that dealers are talking up “spring market” and “tax time” as they walk the lanes nowadays. Black Book managing editor Ricky Beggs said this year’s electronic filing date […] [Read More]

The first Manheim Used Vehicle Value Index reading of 2013 represented a 1.8-percent decline from a year ago, settling at 123.4. As a result, wholesale prices (on a mix-, mileage-, and seasonally adjusted basis) fell by 0.6 percent in January. Manheim said that absent the seasonal adjustment, the decline in vehicle values was half that […] [Read More]

Pittsburgh Independent Auto Auction recently announced several major organizational changes involving key personnel.  Promoted to general manager is Chris Angelicchio, who has  worked in various positions at PIAA for more than 10 years including serving as assistant general manager for the past 5 years, the company shared. Furthermore, Aaron Bell has been appointed director of […] [Read More]