Roundup: Auction charity sale, expansion & more

AuSM Staff

During the President’s Gala held during next week’s NAAA Annual Convention festivities in the second block of Used Car Week, there will be a new fundraiser (Chapter Charity Auction) to benefit five charities. The Gala itself is on Nov. 16 from 7 p.m. (PT)  to 9 p.m. In addition to... Read More

2 ingredients keep Black Book index moving higher

AuSM Staff

Black Book sees two elements coming together to prop up used-vehicle prices and, in turn, push its Used Vehicle Retention Index higher for the second month in a row. Black Book recently released its October index and noticed an increase of 0.6 percent month-over-month from 113.9 to 114.6. It’s the second... Read More

Manheim appoints 2 new Southeast GMs

AuSM Staff

Manheim recently announced it has appointed Noel Kitsch as general manager of Manheim Georgia and Joey Satfield as general manager of Manheim Fort Myers.   Kitsch most recently served as senior assistant general manager at Manheim Central Florida. He joined Manheim in 2001 as a dealer sales representative before... Read More

Joe Overby, Senior Editor

It was quite the quarter and it has been quite the year for KAR Auction Services. The multi-pronged impact from two hurricanes that bear some influence on KAR’s whole-car and salvage auction businesses. Purchasing DRIVIN and Dependable Auto Shippers, and buying the remaining interest in TradeRev. All while... Read More

AuSM Staff

Dealers have submitted over 100,000 live trades on the Appraisal Lane app since its launch in just over two years, the company announced Tuesday. This follows The Appraisal Lane’s September announcement that it recently expanded into the Upper Midwest. The company now has markets across the entire Eastern... Read More

Nick Zulovich, Staff Writer

Leaders from Black Book and General Motors Financial recently used the adjectives “steady” and “stable” when describing how the wholesale market is behaving. The latest Black Book Market Insights report indicated used vehicles across most segments are depreciating at a “steady” rate.... Read More

2017 National Remarketing Executive of the Year

Joe Overby, Senior Editor

The best part of the used-car industry for Scott Mousaw isn’t just applicable to the world of automotive. “What I enjoy most about it is not unique to the business. I enjoy the process,” he said in a phone interview. “I enjoy looking at how or what we’re doing, what I’m doing as a... Read More

AuSM Staff

Barrett-Jackson recently raised $1 million for Las Vegas first responders during its 10th annual Las Vegas Auction at the Mandalay Bay Resort and Casino. The five charity vehicles featured in the sale included a rare 2007 Ford Shelby GT500 Super Snake owned by Barrett-Jackson president Steve Davis, which sold for... Read More

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