That whoosh you just heard and felt might have been this year’s tax season. Monday marked the deadline for individuals to file their state and federal taxes, and Black Book acknowledged that the spring / tax season market looks “different and shorter this year.” [Read More]

We begin this auction news roundup with an update on what has been one of the biggest stories in the space in years. Carvana said in a news release Thursday that it anticipates its deal to acquire KAR Global’s U.S. ADESA physical auction business will close next month. The online retailer said that to “facilitate this […] [Read More]

AutoIMS has promoted longtime executive Joe Miller to the new role of executive vice president of client success. Previously, Miller was a vice president at the company, heading up solutions, marketing and client support. He joined AutoIMS in 2009, first working to redesign the RecoveryIMS product before soon being promoted to lead the client support […] [Read More]

Black Book said Friday that Robert Burnett, former president and chairman of the National Auto Research (publisher of the Black Book vehicle appraisal guides), died April 3 at his home in Sarasota, Fla., at the age of 81. Black Book is part of the Business Media group of companies at Hearst. In a news release, […] [Read More]

BSC America’s Bel Air Auto Auction is ready for a memorable week. One of the longest-running auto auctions in the country will celebrate its 75th anniversary on Wednesday and Thursday. According to a news release, Bel Air is expecting more than 2,500 vehicles to cross the block and many customers to participate in the festivities. […] [Read More]

AutoIMS has promoted director Keely Smith to the role of vice president of contracts and business services. Smith has been with the company since March 2002, when she joined as head of customer service and was one of the early employees at AutoIMS. She eventually began managing customer contracts billing and compliance. In her new […] [Read More]

Though still considerably higher than year-ago levels, wholesale vehicle prices declined sequentially for the second consecutive month. And the slowdown appears far from over, according to Cox Automotive, which said its Manheim Used Vehicle Vehicle Index came in at 223.5 in March. While up 24.8% year-over-year on a mix-, mileage- and seasonally adjusted basis, that […] [Read More]

Auction award season continued this week as defi REMARKETING, the end-to-end remarketing services of defi SOLUTIONS, announced its 2021 Auction of the Year. The company’s top accolade went to ADESA Cincinnati/Dayton, as defi REMARKETING also recognized Manheim Dallas and Manheim Orlando as second and third place honorees, respectively. Executives highlighted ADESA Cincinnati/Dayton has been a […] [Read More]

Along with his usual review of wholesale price data compiled within KAR Global, chief economist Tom Kontos also used his regular industry update to offer a forward-looking price assessment, leveraging figures from the U.S. Bureau of Labor Statistics. For his newest Kontos Kommentary, Kontos examined the historical relationship between the used- and new-vehicle consumer price […] [Read More]

What you might have thought of as just a back-lot beater that only starts, steers and stops might be the vehicle currently most in demand in both the wholesale and retail markets. Black Book said the “real headline” of last week was the value increase for vehicles 8 to 16 years old, as analysts determined […] [Read More]