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NAAA Names Top Auction of 2019

The National Auto Auction Association has named DAA Northwest Auto Auction as its 2019 Auto Auction of the Year for Excellence in Community Service.

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Retail Incentives Reach Record High

Incentive spending is projected to reach $4,159 (up 6% or $246), the highest level ever for the...

Incentive spending is projected to reach $4,159 (up 6% or $246), the highest level ever for the third quarter and just $28 short of the all-time quarter high set in Q4 2017.

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Used Fleet Vehicles Fell 1.5% in August

Former fleet vehicles sold in the wholesale channel weakened in August.

Used fleet vehicles that sold at wholesale fell 1.5% to $13,603 in August from July, but remained up 1.2% when compared to the same month a year ago, according to Tom Kontos, chief economist for KAR Auction Services.

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KBB Offers API for 5-Year Cost to Own Data

KBB stated that OEMs, dealers, website publishers, and auto industry product developers can reach out to the company in order to begin the process of incorporating its five-year TCO data onto their websites.