News

ServNet Auctions Undergoing Construction.

Several ServNet Auctions are changing to accommodate growing consignment numbers and improve customer service.

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Luxury Car Retention Rates Crashing Hard

The current values of two-year old luxury cars are showing retention trends of more than three percentage points lower than prior year's retention for similar vehicles at this point in their life-cycle.

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ADESA Auction Receives Auction of the Year Award

ADESA Northwest has been selected as the U.S. Bank 2015 Auction of the Year for the marine/RV segment.

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Luxury Vehicles Have Faced Heaviest Pre-Fall Depreciation

Luxury vehicle segments have on average faced the biggest depreciation heading into fall over the last 10 years, according to an analysis of Black Book data.

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KAR Names VP of Enterprise Optimization Team

KAR Auction Services has named Tim Massingale as vice president of the enterprise optimization team.

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NAAA Honors Four Auctions for Community Service

The National Auto Auction Association (NAAA) has recognized four auctions for their excellence in community service, and presented $5,000 for each to donate to a charity of their choice.

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United Road Names President and Chairwoman

United Road Services has named Mark Anderson at the company’s next president. He will be taking over for Kathleen McCann, who will now serve as the company’s Chairman.

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Sub-Compact Cars Depreciated Heaviest Between May and August

Sub-compact cars faced the heaviest depreciation between the months of May and August, declining 7.4%. This was followed by compact vans, and Luxury Cars, which depreciated by 6.6% and 6.1%, respectively.

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ADESA Names GMs, Online Manager

ADESA has named Steve Swanson general manager in Colorado Springs, Colo., Rich Levene general manager in Austin, Texas, and Cindy Kuhn as regional online manager.

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Manheim Supporting National Auto Auction Week

Manheim is supporting National Auto Auction Week via social media to increase awareness of the industry’s contributions to the national economy and local communities.

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