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NewsAugust 9, 2016

Depreciation in Most Segments Improves in July

Used vehicles from the 2011 to 2015 model years depreciated 1.5% in July, a slight improvement over June's 1.7% depreciation rate, reports Black Book.

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NewsAugust 9, 2016

Black Book Weekly: Vans, Small SUVs Depreciate Heaviest

Car segments showed some of the heaviest depreciation of the year entering August with an overall depreciation of 0.62% last week, while values of compact van and sub-compact SUVs of the truck segment declined the most by 1.36% and 1.12% respectively.

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NewsAugust 8, 2016

ADESA Names GMs in L.A., Orlando

ADESA has named the GMs for ADESA Orlando and ADESA Los Angeles, in addition to making other management changes. Theo Jelks will lead ADESA Orlando as GM, and Vic Yancon has been promoted to GM at ADESA Los Angeles.

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NewsAugust 5, 2016

Weekly Car Depreciation Double Over Trucks

Car segments depreciated at nearly double the percentage of trucks this past week, with overall car values decreasing 0.47% during the week of July 25. This is similar to the average depreciation rate of 0.46% of the previous four weeks.

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NewsAugust 5, 2016

Used Vehicle Values Continue to Rise, Manheim Says

Wholesale used vehicle prices increased in July despite expectations that wholesale prices would suffer in 2016 due to growing wholesale supplies.

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NewsAugust 4, 2016

Manheim Seattle Awarded for Community Support

Manheim Seattle won the City of Kent “Best of Kent” award for the fifth consecutive year, which is presented to local businesses that display innovative growth, a sharp focus on community relations, and positive customer feedback.

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NewsAugust 4, 2016

Insurance Auto Auctions CEO Awarded

John Kett, president and CEO of Insurance Auto Auctions, Inc. (IAA), has been awarded the Pat Dalton Outstanding Achievement Award for exhibiting commitment to SkillsUSA.

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NewsAugust 2, 2016

CarMax Auctions to Accept NextGear Credit

NextGear Capital has made an agreement with CarMax that allows dealers to use NextGear Capital lines of credit at all 68 CarMax auction locations.

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NewsAugust 2, 2016

AIAG Expands Training Services Globally

Automotive Industry Action Group (AIAG) is now offering its automotive training services to over 15 countries as a result of collaborations with Plexus and QAD.

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NewsAugust 2, 2016

XLerate Group Increases Safety Program Participation

XLerate Group has had nearly 800 employees and management members complete NAAA’s Auction Safety Certification and Lane Safety Training initiatives since April 2016.

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