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NewsFebruary 11, 2016

Auction Sales Rise in 2016; Wholsale Prices Shy of 2011 High

Some highlights from the 2016 report include NAAA-member auction sales rose an estimated 6.3 percent to 9.3 million units in 2015. Additionally, wholesale vehicle prices were just 1.2-percent short of a 2011 high.

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NewsFebruary 10, 2016

GM Activates Online Used-Car Remarketing Portal

General Motors has launched its Factory Pre-Owned Collection portal to offer used Chevrolet, Buick, GMC, and Cadillac vehicles to online buyers.

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NewsFebruary 8, 2016

IARA Announces Executive Committee, Board Member Changes

The International Automotive Remarketers Alliance (IARA) recently announced changes to its officers and directors.

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NewsFebruary 6, 2016

Large SUVs Soar, Compact Vans Sink at January Auctions

Used Full-Size SUVs depreciated the least, while compact vans and Subcompact Luxury CUVs fell hardest in the auction lanes during January, according to Black Book's monthly report.

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NewsFebruary 5, 2016

Manheim Riverside Holds ‘100 Grander’ Vehicle Sale

The sale is expected to offer more than 150 Exotics and 100 Classic Cars, a new offering to this year’s sale.

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NewsFebruary 5, 2016

Full-Size Pickup Depreciation Slows; Medium-Duties Hold Steady

The full-size pickup segment experienced the least depreciation seen in the segment since September 2015 with 0.02 percent. Additionally, the medium-duty truck market held steady this past month.

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NewsFebruary 4, 2016

IAA Launches Customer Self-Service Portal for Total Loss Claims Management

Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, and live and live-online salvage auto auction company, announced the launch of MyVehicleClaim.com, a turnkey customer self-service tool that enhances the total loss claims experience for IAA Title Services clients

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NewsFebruary 2, 2016

ADESA Chicago Names General Manager

ADESA, a business unit of KAR Auction Services, announced that Troy Peterson has been named general manager of the company’s upcoming ADESA Chicago location.

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NewsFebruary 1, 2016

Element Names Pair of Remarketing VPs

Element Financial Corporation has appointed Bill Cieslak and Paul Seger as vice presidents for its remarketing unit.

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NewsFebruary 1, 2016

Rea Family Purchases Mid-South Auction from XLerate Group

Mid-South, originally founded in 1972, was formerly owned by the Rea family and operated under the name of Rea Brothers Mid-South Auction (RBMSA) until being acquired by American Auto Auction Group (AAAG) in 2010.

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