ADESA Phoenix is gearing up for its Third Annual Legendary Sales Week. As part of its alliance with the Barret-Jackson Auction Co., the ADESA auction will hold the event Tuesday through Thursday —  which coincides with  the 42st Annual Barrett-Jackson Collector Car Auction, which runs through Sunday. "It is truly a pleasure to partner with […] [Read More]

Manheim chief economist Tom Webb didn't mince words in refuting any inkling that the auction industry is in trouble since even a moderate rise in projected volume for 2013 is close to 25 percent off of the heydays of 10 years ago. Working off an assumption that volume at National Auto Auction Association facilities will […] [Read More]

Announced this week, Mercecdes-Benz Canada is honoring its top 10 performing dealers with the 2013 Star Dealer Awards. This designation was established to "recognize the achievements of the top 10 authorized Mercedes-Benz dealers in Canada, underscoring the critical role that each dealership's contributions make to the overall success of the Mercedes-Benz brand in Canada," according […] [Read More]

Revealed earlier this week, CarProof Vehicle History Reports welcomed a new senior vice president of business development. Tapped for the job is Jamie Blundell, who will be responsible for all business development activities including the company’s entrance into new verticals and customer segments, officials shared. “On behalf of all of us at CarProof, I’d like […] [Read More]

It seems the new year bodes well for the lanes, as John Brasher reported a “very, very strong” sale from Brashers Sacramento Auto Auction this past Tuesday. Brasher said, “We started the year off with a bang. The sale (Tuesday) was strong; the strongest it has been (in) probably six months.” It seems dealer demand […] [Read More]

A quick ride in a 2005 Ford Crown Victoria for golfer Rory McIlroy may have saved the 2012 Ryder Cup for the European team over the Americans, and now that car is hitting the wholesale market. Later this month, America’s Auto Auction Chicago is auctioning off the unmarked police car — which is being retired […] [Read More]

The housing market continues to see improvements from the recession slump, and this trend may be affecting the automotive industry, as well. With more homes being built, it seems demand is also on the rise for some vehicles often used in construction projects. According to Black Book, a review of December used-car and wholesale auto […] [Read More]

It seems Hurricane Sandy is not done with the automotive industry. Offering a take on December’s unseasonably strong wholesale prices, ADESA’s Tom Kontos noted in the latest “Kontos Kommentary” that the superstorm may have played a role in these high rates. “Some residual effects of Superstorm Sandy may be evident in the relatively strong wholesale […] [Read More]

Capital Automotive Reconditioning Services is reaching its 10-year anniversary this year and is making executive changes to prepare for the next decade. Since its founding in 2003, CARS Recon has expanded to 28 locations, grown to include approximately 550 full-time employees and processed more than 3 million vehicles for sale at auctions.  The company began […] [Read More]

With final new-car sales numbers for 2012 rolling in, Black Book’s Ricky Beggs took a look at how these high numbers will affect wholesale auction activity. As the managing editor shared in his latest “Beggs on the Used-Car Market” video report, new sales are reported to have come at 14.49 million, marking a 13-percent increase […] [Read More]