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NewsJuly 19, 2016

Automotive Finance Corp. Names Two VPs

Automotive Finance Corporation (AFC) has named Tiff Arcella as vice president of sales and promoted Devra Callagha to vice president of marketing and business development, the company announced.

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NewsJuly 19, 2016

Car and Truck Depreciation Remains Stagnant

This week’s Black Book Market Insights report shows that car and truck segments depreciated at nearly the same percentage this past week.

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NewsJuly 19, 2016

Integrated Auction Solutions Names Executive Management Team

Integrated Auction Solutions, LLC (IAS), has named the members of its executive team.

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NewsJuly 15, 2016

Manheim Opens Dealer Service Facility in Detroit

Manheim opened a Retail Solutions Center in Flat Rock, MI to provide dealers with access to services that produce retail-ready vehicles. Retail Solutions’ offerings include acquisitions, inspections, reconditioning, merchandising, transportation and more.

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NewsJuly 15, 2016

Outkazt Media to Distribute Black Book's Bullseye Prospecting Tool

Black Book announced it has forged another distribution agreement with a marketing agency. This time, the vehicle valuation firm has teamed with Outkazt Media, which will leverage Black Book’s Bullseye Prospecting solution in dealer marketing campaigns.

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NewsJuly 15, 2016

Kontos: Strong Truck Values Drive 3.3% Increase in Wholesale Prices in June

The average wholesale used-vehicle price in June was $10,55, a 1.5% decrease from May but a 3.3% increase from a year ago, according to ADESA Analytical Services. The firm attributed the month-over-month decline to the typical falloff in prices from May to June, and the year-over-year increase to the continued price strength of trucks.

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NewsJuly 13, 2016

Columbus Auction Creates Compliance Department

Columbus Fair Auto Auction has developed its own compliance department so it can apply resources on safety, environmental, and other high profile regulatory issues, the family-owned auction has announced.

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NewsJuly 13, 2016

Trucks and Small Crossovers Face Heaviest Depreciation

This week’s Black Book Market Insights report showed depreciation across the board for all car and truck segments, with particular emphasis on trucks and small crossover segments.

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NewsJuly 11, 2016

Used Vehicles Depreciate 1.7% in June

The average price of a used vehicle for model years 2011-2015 depreciated 1.7% in June, following light depreciation in May. These vehicles fell 15.4% in value from year-ago-levels, according to Black Book.

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NewsJuly 11, 2016

Copart Opens New Location

Copart, Inc. has opened its latest location in Cartersville, Georgia.

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