News

DAA of the Southwest Invests in Changes

Effective August 1, customers will see changes involving Simulcast, the auction’s website, mobile technology, and the way invoices are handled on the block.

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Used-Vehicle Market Values Decline as Gasoline Prices Drop

With all of the changes and the number up and down the overall dollar change week over week is a decline of -$103. But, even with the level of changes today, there is still a pretty solid and active market within the wholesale channels.

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ServNet Auctions Build, Make Improvements in Summer Months

The roar of car engines and the chants of auctioneers are mixed with the sounds of hammer blows and the rumble of paving equipment as ServNet auctions around the country work to finish expansion projects.

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Black Book Adds to Executive Team

Black Book announced the addition of Anil Goyal to its executive team serving as vice president of analytics and strategic relationships.

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ServNet Names New General Manager at DAA/OKC

Gary Smith, owner of Dealers Auto Auction of Oklahoma City (DAA/OKC), has announced the appointment of Jon Reininger to the post of general manager.

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GM Brings Closed Sales Back at Two Manheim Locations

These closed sales are open only to GM dealerships and are designed to help them build their pre-owned vehicle inventories.

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One Month Until IARA 2014 Summer Roundtable

Mark your calendars for August 19-20 and plan to be at the Hyatt Regency McCormick Place in Chicago.

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Depreciation Report Reveals Year-Over-Year Increases

Depreciation rates on used vehicles are nearing levels not seen since the recession, though the trend will soon reverse and likely lead to marginally higher losses.

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GO Auto Exchange Acquires United Auto Auction in Houston

The location, which has been serving local dealers and consignors in Houston and the surrounding area for more than 25 years, will be renamed Go Auto Exchange Houston, effective immediately.

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Western U.S. AFC Branches Relocate

Automotive Finance Corporation has moved four of it's locations, including AFC Albuquerque, AFC Denver, AFC San Diego, and AFC San Jose.

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