Joe Overby, Senior Editor

Perhaps the recent hullabaloo about a potential used-car price collapse was much ado about nothing. Retention values for 1- to 3-year-old vehicles in 2017, as calculated by Kelley Blue Book, were at 56 percent at the beginning of October, which is slightly ahead of year-ago levels (55 percent). “The lack of... Read More

XLerate names new COO

AuSM Staff

The XLerate Group has a new chief operating officer. The auto auction company said Monday it has named former ADESA executive Pat Stevens to the post. The COO position had been unoccupied for a while after Darris McClure moved over to lead XLFunding, a floor planning business the auction group recently launched. As... Read More

AuSM Staff

The surge Hurricane Harvey created still is rippling through the wholesale market. Black Book reported that its Used Vehicle Retention Index for September posted the largest month-over-month gain since March 2012. The index reading increased from 112.6 to 113.9. Hurricane Harvey caused major flooding throughout parts... Read More

AuSM Staff

Cox Automotive announced Monday it has appointed Patrick Brennan to be senior vice president of inventory solutions, marketplace, following the recent promotion of Grace Huang to president of the inventory solutions group. Brennan most recently served as senior vice president of logistics... Read More

AuSM Staff

An auction operator who likely saw at least some of the rain from Hurricanes Harvey and Irma spelled out his five points to consider as the industry watches for flood-damaged vehicles. Chris Tomchay, co-founder and chief operating officer of The Appraisal Lane and co-owner of the Georgia-Carolina Auto Auction, shared... Read More

AuSM Staff

Florida-based AutoBuy now has eight locations since opening two new locations in respective partnerships with ADESA and Manheim, the company announced Tuesday. The new AutoBuy in Sanford, Fla. (which was launched in partnership with ADESA) and AutoBuy Orlando (launched in partnership with... Read More

Typical fall trends make their way into the lanes

AuSM Staff

With fall officially arriving, dealer behavior is changing accordingly based on the data and observations included in the latest Black Book Market Insights report. Along with more perspective on hurricane-related buying, editors shared in this week’s rundown that truck segments performed much better than car... Read More

Joe Overby, Senior Editor

A mid-September morning in Wilmington, N.C., feels a lot like AuSM’s previous visit to the D&E Mitsubishi grounds back in January Sunny skies, pleasantly warm. Auto dealers milling about, bidding on and buying cars from the Manheim auto auction sale happening on the property. Except this time... Read More

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