A month-long celebration will soon be under way in Phoenix, as Dealers Auto Auction of the Southwest marks its 10th anniversary. Meanwhile, in Iowa, another ServNet auction is now entering its 50th year in the lanes. DAA of the Southwest has planned an October-long event that focuses on one lane each week in October, highlighting […] [Read More]

At an upcoming Las Vegas event, Barrett-Jackson will auction off six charity vehicles, the proceeds of which will go to a variety of nonprofits. The vehicles will be available at the upcoming Las Vegas auction held at Mandalay Bay Resort & Casino Sept. 20–22. "This year's Barrett-Jackson charity vehicles support some of the nation's most […] [Read More]

Black Book’s Ricky Beggs contends there are two factors that sparked the most active market editors have seen in two months. What caused Black Book to adjust prices on more than 2,850 vehicles per day last week? Beggs explained what happened in the latest installment of his online video report, “Beggs on the Use Car […] [Read More]

High-level executives from both ADESA and Manheim calculate that dealer consignment volume is nearly 60 percent of their business nowadays. The combination of factors that led to that level is well-known by dealers and wholesalers — most notable being dwindling commercial consignment choking off supply that had kept the lanes full of vehicles for years. [Read More]

ADESA Las Vegas will soon celebrate its first anniversary, but the party will focus on its customers. On Thursday, the auction's 1st Anniversary Sale will serve to mark the occasion, in what the company called one of the facility's largest sales yet. The sale will feature more than 1,900 units, including vehicles from General Motors […] [Read More]

It wasn’t just about the debut of a new facility for Insurance Auto Auctions. They gathered to celebrate the grand opening of IAA’s new Austin, Texas branch, but also in solidarity with — and support of — the nation’s military. [Read More]

A truckload of used inventory never made it to the front line. Instead the units met their fiery demise early Thursday morning. A hauler filled with nine used vehicles exploded in Miami near State Road 112 and Okeechobee Road, according to a  report from the Miami Herald. Miami Dade Fire Rescue arrived just before 2 […] [Read More]

With 2011 model-year units recently added to its data set, Black Book has provided used-vehicle value information on these two-year-old units and broke down which segments' prices have climbed the most. The firm compared the current values of 2011 model-year units to the current values of 2010 model-year units for each of its 10 car […] [Read More]

As fuel costs continued to rise to a level not seen in more than four months, Black Book noticed the combination of the holiday weekend sales performance and lenders opening the purse strings resulted in action heating up in the auction lanes this past week. In his latest wholesale market analysis, Black Book’s Ricky Beggs […] [Read More]

Revealed recently, GE Capital Fleet Services has a new leader. Named to the position of president and chief executive officer is Kristi Webb. Webb replaces Clarence Nunn, who was recently appointed chief commercial officer for GE Capital, Americas, the company reported. Webb was previously general manager of GE Capital’s Dealer Finance business that provides wholesale […] [Read More]