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NewsAugust 26, 2013

ServNet Surveys Internal Growth, Records Gains in Market Share

ServNet was founded in 1988 with 10 auctions. Over the ensuing 25 years, the group has evolved into a network of the nation's top auctions, now 32 members strong, with locations dotting the map from coast to coast.

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NewsAugust 21, 2013

SUVs Show Strong Retention Values in July

Used vehicles model-years 2007-2011 overall depreciated -1.4 percent in July, slightly more than the -1.3 percent pace in June and -1 percent level in May. Domestic trucks were -1.4 percent and import trucks were -1.3 percent.

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NewsAugust 21, 2013

Pitcher Presented 2013 IARA Special Recognition Award

The International Automotive Remarketers Alliance (IARA) presented its 2013 IARA Special Recognition award to Mike Pitcher, president and CEO of LeasePlan USA, for his contributions in giving back.

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NewsAugust 19, 2013

2014 Ford Shelby GT500 Convertible Auctioned for $500,000 for Charitable Cause

The last retail 2014-MY Ford Shelby GT500 convertible auctioned by Ford Motor Company to benefit the Brain Injury Association of America fetched $500,000 at the inaugural Hot August Nights Auction Presented by Barrett-Jackson in Reno, Nev.

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NewsAugust 19, 2013

RM Auctions Makes Record Sale: $27.5 Million for 1967 Ferrari

RM Auctions sold an ultra-rare 1967 Ferrari 275 GTB/4*S N.A.R.T Spyder for $27.5 million, making the car the second most expensive car ever to be sold at public auction and comfortably the most expensive Ferrari ever sold at auction.

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NewsAugust 19, 2013

Steve Macaluso Joins Copart

Steve Macaluso, former director of corporate accounts for CarProof Vehicle History Reports, has joined Copart as managing director - Canadian Operations.

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NewsAugust 19, 2013

DAA/OKC Launches Summer Promotional Season

Dealer’s Auto Auction of Oklahoma City launched its summer promotional season with Round 1 of its 25th Anniversary Celebration on June 27th.

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NewsAugust 19, 2013

MetroGistics Hires Clayton as Director of Information Technology

MetroGistics, a full-service vehicle transportation company, has announced the hiring of Craig Clayton as director of technology.

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NewsAugust 19, 2013

Wholesale Prices Soften Once Again in July

Wholesale prices continued to soften in July, but less so than in June, as retail demand cushioned the blow to prices that otherwise would have occurred given continuing supply growth.

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Newsby Greg BasichAugust 13, 2013

Black Book Says Model-Year Changeover and Greater Supply Could Have Big Impact on Depreciation

Key factors affecting prices beyond the model-year changeover are a larger number of trade-ins, with 60 percent of new-car sales involving one, according to Black Book, and a greater supply of off-lease models.

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