SIXT USA now is renting high-line vehicles at two more major airport locations. On Tuesday, SIXT opened at Pittsburgh International Airport as well as Canada’s largest hub, Toronto Pearson International Airport. These openings follow a series of several new locations in the U.S. last year, including Vail’s Eagle County Regional Airport, Charlotte Douglas International Airport […] [Read More]

ADESA chief economist Tom Kontos is getting validation about a projection he made a year ago: As new-vehicle supply improved, used-vehicle price growth would return closer to its typical one-to-one relationship with new models. That validation was part of the newest installment of the Kontos Kommentary that included ADESA US Analytical Services’ monthly analysis of […] [Read More]

An online auction for dealers to buy vehicles directly from consumers that has operated for two years in the Salt Lake City and Phoenix markets now has more financial resources to use for its plans to open in 10 additional markets during the next 24 months. Gauge announced on Wednesday that it closed an oversubscribed […] [Read More]

ServNet has expanded in California with the addition of All Valley Dealers Auto Auction, which is located in the North Hollywood neighborhood of Los Angeles. The Soghomonian family owns and operates AVDAA, which was built in 1986 by Victor Soghomonian, who continues to run the auction with his sons. Justin Soghomonian is vice president and […] [Read More]

The appeal of nearly new models likely has been heightened since the average transaction price for a new vehicle in January came in at $49,388, which was $2,768 higher year-over-year according to data from Kelley Blue Book. Well, Black Book noticed it’s also going to cost dealers more in the wholesale world to get 0-to-2-year-old […] [Read More]

In the wholesale market, prices are climbing from January, and a stronger percentage of vehicles are selling. In fact, it has been 14 years since February wholesale vehicle prices have shown this large of a sequential gain. But prices continue to come down from … [Read More]

This auction news roundup includes details about United Auto Credit's 2022 Auction of the Year Award recipient as well as the recent, robust successes of Auction Academy’s Class Group 7. To recognize “exceptional performance and dedication of the team,” United Auto Credit gave its 2022 Auction of the Year Award to DAA Las Vegas. “We […] [Read More]

E Automotive Inc. has promoted executive Lisa Scott to serve as president of its EBlock business unit, the company said late Thursday afternoon. Scott was previously EBlock’s chief revenue officer. Her prior roles include serving as president of PAR North America and chief client officer at ADESA Canada. The promotion is part of the company’s […] [Read More]

A pair of developments from the fleet world arrived on Wednesday. First, Holman announced the acquisition of Park Wood Managers, a leading underwriter and insurance provider for commercial trucking fleets. Then, the NAFA Fleet Management Association (NAFA) recognized the 2022 graduates of its Certified Automotive Fleet Manager (CAFM) program. Executives highlighted the addition of Park […] [Read More]

Wholesale prices moved higher for the second week in a row, prompting Black Book to look deeper into its data and declare why the month has “started off fast.” While just an uptick of 0.03%, Black Book acknowledged the string of positive market gains hasn’t happened since … [Read More]