AuSM Staff

While the past year showed stronger-than-expected retention rates overall, Black Book’s Used Vehicle Retention Index still fell 0.7 percent from 115.0 to 114.1 last month, following a rise in November.  In addition to the first decline in the last four months, this is also the lowest tally for December... Read More

AuSM Staff

AutoTec announced Monday that it has promoted John McElrath to president of Red Mountain Technologies (RMT), a subsidiary of the company that provides vehicle history data to auto auctions and insurance carriers. McElrath most recently served as RMT vice president of sales and joined the company in... Read More

Wholesale auto market trends to track in 2018

Arlena Sawyers , Correspondent

Used-vehicle supply and demand, the economy, and interest rates and credit are among the market dynamics driving wholesale used-vehicle sales and prices.  They were also frequently cited as trends to watch in 2018, by analysts, remarketers and others who attended Used Car Week in November. The National Auto... Read More

Former XLerate exec takes on new president post

AuSM Staff

After eight years at XLerate Group, Darris McClure has joined Catastrophe Solutions International (CSI) to head the North American operations. McClure brings operational expertise from the technology-enabled automotive services industry to his new role.  “Recruiting Darris reflects our commitment to our... Read More

Clark County AA joins ServNet

AuSM Staff

ServNet announced Wednesday that Clark County Auto Auction has been named the newest member of the independent auction group.  Clark County Auto Auction is located in Jeffersonville, Ind., and serves dealers in the southern part of the state, as well as the Louisville, Ky., market area. “I join with... Read More

Joe Overby, Senior Editor

Editor's note: This story was originally published on Jan. 3. Ken Osborn passed away the following week. AuSM sends its condolences to his family and ADESA team. An updated version of the story is below.  The night that Ken Osborn earned his bachelor’s degree in the early 1980s, he saw his... Read More

Wholesale car prices plummet to close 2017

AuSM Staff

Black Book noticed that big crystal ball in Times Square wasn’t the only thing to make a noteworthy drop to wrap up 2017. This week's edition of the Black Book Market Insights revealed cars softening in value by a record 0.78 percent. Editors determined that midsize cars saw the highest depreciation with... Read More

AuSM Staff

Before 2017 closed, Auction Management Solutions (AMS) announced that the firm partnered with Alliance Auto Auction for business development consulting. Adding this operation brings the firm’s client list to 22 total locations. “Adding a growing, vibrant family of Texas auctions to the AMS family only... Read More

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