AuSM Staff

One auction owner is putting compliance where her checkbook resides. According to a news release sent to AuSM on Tuesday, an investment group headed by Alexis Jacobs, owner of the Columbus Fair Auto Auction, has acquired ComplyNet, a 25-year-old compliance and risk management consultancy focused on dealers... Read More

AuSM Staff

Copart announced Tuesday that the company has plans to add 20 acres of land to its Minneapolis location. "This new expansion adds twenty acres of land to support our clients in Minnesota," Copart chief executive officer Jay Adair said in a news release.  "We're proud to continue providing... Read More

Joe Overby, Senior Editor

Though up more than 13 percent from February, the number of late-model units hitting the auction lanes in March continued what’s looking like a slowdown from 2017. According to the latest Guidelines report from J.D. Power Valuation Services, late-model auction last month was down 11.7 percent year-over-year.... Read More

AuSM Staff

Perhaps as some dealers hesitate to bid when prices climb before the hammer falls, compact cars continue to keep ringmen busy when those units roll over the block. The latest Black Book Market Insights report showed prices for compact cars have climbed by 3 percent during the past six weeks. And Black Book executive... Read More

AuSM Staff

As RVI Group and J.D. Power Valuation Services each saw wholesale prices moved higher in March when compared to the year-ago readings, a forecast for how prices might behave in April is indicating that analysts might not have to switch many figures from their previous-year report. According to the newest edition of... Read More

AuSM Staff

BSC America's Bel Air Auto Auction announced the addition of three new consignors to the Thursday sale lineup at its new Belcamp, Md. facility. Credit Acceptance/VRS, BB&T/Regional Acceptance Corp. and Toyota Financial/Lexus Financial have begun running vehicles at the new facility this year,... Read More

AuSM Staff

Texas Lone Star Auto Auction – Lubbock, part of the XLerate Group Auctions, held a successful first mobile sale featuring Don Chalmers Ford of Rio Rancho, N.M. last month, and has added the New Mexico dealership to its roster of mobile sale sites.  The auction said that 100 percent of the inventory at the... Read More

Chris Hart-Williams, Staff Writer

While brick-and-mortar auction houses might be a more comfortable marketplace for some, when it comes to obtaining profitable used vehicles priced $12,000 and below — the best deal might just be online. Dealers who want to be sure they have turned over every stone in search of inexpensive vehicles can... Read More

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