Manheim's Cadigan to retire Aug. 31

AuSM Staff

Manheim vice president of industry relations Jay Cadigan is retiring at the end of the month after a 40-year career in the auto industry, the auction company announced Tuesday. Cadigan has been with Manheim since 1993 and held the VP of industry relations position since 2012, following his time as Manheim’s market... Read More

4 Questions with Mike Black of Dent Wizard

Chris Hart-Williams, Staff Writer

In the latest installment of the annual Power 300 issue of AuSM, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Mike Black, president and chief operating officer... Read More

Chris Hart-Williams, Staff Writer

In the latest installment of the annual Power 300 issue of AuSM, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Patrick Dudash, senior vice president of sales... Read More

AuSM Staff

The record-setting streak for the Manheim Used Vehicle Value Index reached three months in a row when Cox Automotive shared the new reading on Monday. The report indicated wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.75 percent month-over-month in July. This rise brought... Read More

Joe Overby, Senior Editor

In the latest installment of the annual Power 300 issue of AuSM, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is John Kett, chief executive officer and president of... Read More

Arlena Sawyers , Special Correspondent

The auto auction industry will set a new sales record of more than 10 million vehicles this year, auction experts predict. That’s up from 9.8 million in 2016. Ira Silver, National Auto Auction Association chief economist, believes 10 million sales for the industry is on target. He attributes the growth to an... Read More

Depreciation accelerates as July concludes

AuSM Staff

As dealers looked to accelerate sales to close July, Black Book noticed vehicle depreciation moved in a similar way to finish the month. The latest Black Book Market Insights report indicated most vehicle segments increased in depreciation during late July. Out of all car and truck segments, editors determined full-size... Read More

Where late-model auction prices could be headed

Joe Overby, Senior Editor

If history is any indication, you can expect auction prices on late-model units to decline even more rapidly as the second half of the year continues. According to the latest Blue Book Market Report from Kelley Blue Book, there was a 2.6-percent drop in the auction values of 1- to 3-year-old vehicles in the second... Read More

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