Auto auctions see rise in digital transactions

Joe Overby, Senior Editor

One discussion topic that often comes up at used-car industry conferences is this: the increased digitalization of the wholesale vehicle market, be it through third-party platforms or the online offerings of auction players. Well, a few statistics released Tuesday show some concrete proof of how far that digitalization... Read More

AuSM Staff

While more than a week remains in January, dealers might already be venturing into the wholesale market with spring on their minds, hoping retail sales increases bloom nicely. What managers are going to have to pay for inventory varies based on the latest analysis from Black Book and RVI Group. The December figures... Read More

AuSM Staff

Cox Automotive announced Tuesday that it has appointed John Griffin to serve as its Retail Solutions Group senior vice president of performance management. Most recently, Griffin was the vice president of performance management at Cox Automotive. The company said he led vAuto in setting the gold standard for performance... Read More

IARA announces Spring Roundtable sessions

AuSM Staff

The International Automotive Remarketers Alliance announced the sessions that will follow its Spring Roundtable at Caesars Palace on March 5. Different IARA sessions held concurrent with the Conference of Automotive Remarketers will be hosted on March 6 and March 7. Session moderators and participants include... Read More

IARA names opening keynote for Spring Roundtable

AuSM Staff

The International Automotive Remarketing Alliance has announced the opening keynote speaker for the spring IARA Roundtable meetings being held concurrently with the Conference of Automotive Remarketing in Las Vegas this March. Delivering the opening keynote at the IARA Roundtable on March 6 will be Bob White, the... Read More

AuSM Staff

ServNet recently announced that it has expanded its scholarship program and will hand out up to 10 awards this year. The program which was launched in 2016, exists to financially help ServNet auction employees and their families pursue higher education. Five $2,500 awards are for students attending a four-year... Read More

AuSM Staff

While there likely are households and businesses still trying to recover from Hurricanes Harvey and Irma, KAR Auction Services chief economist Tom Kontos thinks the impact from those storms is no longer strongly influencing wholesale vehicle prices. According to ADESA Analytical Services’ monthly analysis of... Read More

Black Book tallies full-year depreciation level

AuSM Staff

Black Book determined full-year vehicle depreciation for 2017 didn’t quite reach the level editors saw for the previous year. According to Black Book data, the average price of a used vehicle for model years 2012 through 2016 depreciated in value by 2.9 percent during the close month of 2017. Editors indicated... Read More

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