Compared to previous years, wholesale vehicle values remained unusually high in July. But it’s what’s happening with consumer confidence — which continues at “historic lows” — and the impact to used-car demand that … [Read More]

National Auto Auction Association chief executive officer Tricia Heon, 2021 NAAA president Charles Nichols and 2022 NAAA president Garrison Hudkins join the show to talk about the upcoming National Auto Auction Week and the annual NAAA Convention. They share a sneak peek at the convention's agenda, including a look at the show's country concert and […] [Read More]

The wholesale value feast consignors have been enjoying for some time might finally be finishing. Black Book spotted a wholesale price decline last week not seen in a year, as analysts said that overall values softened by 0.86%. That’s nearly double the [Read More]

In this edition of Auciton News Roundup, we spotlight three particular charitable endeavors among auto auctions.  And we begin in the Lone Star State. Alliance Auto Auction, a Texas-based group of five physical auto auctions and two digital platforms, said it has raised more than $50,000 this year for CitySquare Abilene Project and Simply Sparrow […] [Read More]

A week after updating its expansion activities in Indiana, IAA said, “Aloha,” from Hawaii. On Thursday, IAA announced the opening of a state-of-the-art, full-service facility in Honolulu. The company highlighted this new location more than triples IAA’s capacity in the state, providing support to meet evolving client needs. IAA said through a news release that […] [Read More]

Perhaps it shouldn’t alarm consignors and dealers too much, but Black Book spotted a vehicle segment make a notable value decline for the first time in 77 weeks. After a stretch of price increases or week-over-week stability that began February 2021, analysts said prices for full-size vans dropped … [Read More]

Bain Capital, along with a wholly owned subsidiary of the Abu Dhabi Investment Authority, have entered a definitive agreement to buy Merchant Automotive Group, which does business as Merchants Fleet and Merchants Auto. The deal was announced Thursday by Merchants. The company said in a news release that Merchants’ leadership team will retain their current […] [Read More]

There are much more than corn and soybeans growing in Indiana this summer. This week, IAA announced the completion of the IAA Indianapolis South branch expansion and the start of construction on the new IAA Fort Wayne branch. According to a company news release, these two investments will more than double IAA’s capacity in the […] [Read More]

Cox Automotive announced an acquisition Thursday that not only expands its presence in the medium- and heavy-duty fleet parts and service segment, but also adds direct part sales and semi-trailer sales to its Cox Automotive Mobility Services business unit. The company has purchased Trudell, a provider of trailer service and repairs, heavy-duty truck and trailer […] [Read More]

Black Book isn’t referencing the Fourth of July hangover your friend had when reporting that wholesale values struggled again last week. Analysts detailed in their newest installment of Market Insights that wholesale prices dropped another [Read More]