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THE GOOD FIGHT: Paul John, executive director of the Georgia Independent Automobile Dealers Association, discusses how the association fought against state legislation that would have raised the taxes on used-car purchases.

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State Line Set to Auction Last Oldsmobiles

Wednesday, 06 December 2017 01:05
State Line Auto Auction, in Waverly, N.Y., has been chosen by General Motors and General Motors Financial to sell the last Oldsmobile ever built.The car is a 2004 Oldsmobile Alero.  After rolling off the assembly line in Lansing, Mich., it spent some time at the R.E. Olds Transportation Museum in Lansing.  Eventually, it ended up at the GM Heritage Center.  The vehicle was “signed” by the Oldsmobile assembly line workers who built it.  The car will be offered with its original Oldsmobile MSO.Additionally, the last Oldsmobile Cutlass will be offered for sale at State Line Auto Auction.  It is a 1999 model, also on its original Oldsmobile MSO. Another vehicle, a 1996 Oldsmobile Cierra, will also be sold on Dec. 15. All three Oldsmobiles have been at the GM heritage center; all three have their original MSO statements of ownership, and all three have extremely low mileage.They will be sold in an open sale environment, open to all dealers.

Black Book Sees Wholesale Prices Rise Again

Wednesday, 06 December 2017 01:05
Black Book released its Used Vehicle Retention Index for November, reporting an increase to 115 from 114.6, its third straight monthly increase dating back to August when it was at 112.6. The Black Book Used Vehicle Retention Index is calculated using Black Book’s published wholesale average value on two- to six-year-old used vehicles, as percent of original typically equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition.  The Index has increased in five months during 2017, with a sixth month unchanged (June – July). Nine segments saw increases in the Index during November: compact crossover/SUV, full-size car, full-size pickups, full-size vans, luxury cars, mid-size crossover/SUV, mid-size luxury crossover/SUV, prestige luxury cars, and small pickups.

Popular News

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DAA Northwest Marks Fundraising Milestone

Friday, 01 December 2017 14:02
DAA Northwest began its annual anniversary sale fundraiser 25 years ago when a local non-profit organization approached the auction and asked for help. At the time, the request was for DAA’s employees to make payroll deductions that would benefit the non-profit organization.Every November since then, the auction has hosted a dinner party and benefit auction in conjunction with its Anniversary Sale. This year’s event marked DAA Northwest’s 25th Anniversary and produced record-breaking contributions. Dealers purchased live auction items that included Gonzaga Bulldogs pre-game practice session attendance and courtside seats hosted by DAA’s general manager David Pendergraft, an evening with The Cronkites, DAA’s “house band,” and more. Guests also purchased 25th Anniversary caps, with 100 percent of proceeds going to charity. Contribution envelopes on tables gave attendees another opportunity to give. DAA Northwest matched all funds raised, bringing the 25th Anniversary Fundraiser total to a record-breaking $170,000. Beneficiaries included Young Life, Union Gospel Mission, the Vanessa Behan Crisis Nursery and Spring of Hope International. Since its inception, DAA Northwest’s Anniversary event has raised $1.7 million for non-profit organizations.

Carolina Auction Honors Founder with Charity Work

Friday, 01 December 2017 14:02
Carolina Auto Auction made a major fundraising push in November in honor of Henry Stanley.Earlier in the month, auction leaders from around the country held a charity auction with some impressive items including a Charlie Daniels autographed fiddle, a week-long trip to Key Largo, a trip for two to the 2018 Kentucky Derby and more.  The benefit, led by ServNet Chairman of the Board Kevin Brown, raised just over $40,000 toward melanoma research at the Winship Cancer Institute of Emory University – the charity that Henry Stanley and Carolina Auto Auction raise money for at their annual golf tournament.   In addition, Carolina Auto Auction hosted its own charity fundraiser in November.  The Beards for Bucks campaign was one where a handful of men at the auction joined the larger No-Shave November movement to also raise money for the Winship Cancer Institute.  Over four weeks, the auction raised $10,000, bringing the total donation for Winship to $50,000.  The female employees at CAA are now hosting an Ugliest Christmas Attire contest.
Wholesale Prices Decline After Strong Autumn

Wholesale Prices Decline After Strong Autumn

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.29 percent month-over-month in November. This brought the Manheim Used Vehicle Value Index to 134.5. This marks...

Kawasaki Recalls Motorcycles for Shock Absorbers

Kawasaki Recalls Motorcycles for Shock Absorbers

Kawasaki Motors Corp., U.S.A. is recalling 2,383 2017-18 ZR900AH, ZR900BH and ZR900BJ motorcycles. The rear shock absorber tie-rod frame mount holes can become elongated if the rear shock absorber bottoms...

  • ADESA Names Dealer Relations Director
    ADESA Names Dealer Relations Director ADESA announced that Trent Strauss has been promoted to director of dealer relations for ADESA, effective immediately. Strauss will report to Steve Dudash, vice president of dealer services. In his…
    Written on Wednesday, 28 September 2016 12:23
  • NAAA Offers Support for Flooded Sale
    NAAA Offers Support for Flooded Sale National Auto Auction Association President Mike Browning drew attention to the victims of the flooding in Louisiana in a letter to members on Aug. 19, spotlighting member Oak View Auto…
    Written on Friday, 19 August 2016 14:40
  • Depreciation Rates Improve
    Depreciation Rates Improve The average price of a used vehicle for model years 2011-15 depreciated by 1.5 percent during July, slightly better than June’s 1.7 percent, according to Black Book. The market performance…
    Written on Wednesday, 10 August 2016 14:59
  • City Honors Auction for Community Involvement
    City Honors Auction for Community Involvement Manheim Seattle won the City of Kent's “Best of Kent” award for the fifth consecutive year, qualifying the auto auction for the Kent Business Hall of Fame. The award is…
    Written on Wednesday, 03 August 2016 15:07
  • Cox Promotes Strategy VP
    Cox Promotes Strategy VP Cox Automotive has named Amy Mills senior vice president of strategy. In this role, Mills will work with Cox Automotive's executive leadership team to identify, execute and sustain strategic initiatives…
    Written on Thursday, 03 November 2016 20:51
  • Association Honors Charitable Auction
    Association Honors Charitable Auction ADESA Winnipeg, located in Winnipeg, Manitoba, Canada, has earned the inaugural 2016 Eastern Auction of the Year Award from the National Auto Auction Association. The award honors excellence in community…
    Written on Friday, 19 August 2016 14:40
  • Manheim Index Rises Again
    Manheim Index Rises Again Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased for the fourth consecutive month in July. The Manheim Used Vehicle Value reading was 127 for July,…
    Written on Friday, 05 August 2016 14:32
  • Manheim Milwaukee Raises Money for Veterans
    Manheim Milwaukee Raises Money for Veterans A group of Milwaukee-area veterans will soon take a memorable trip to Washington, D.C., thanks to Manheim Milwaukee Auto Auction’s initiative to support Stars and Stripes Honor Flight, an organization…
    Written on Monday, 26 September 2016 03:09
  • Cox Names Financial Services President
    Cox Names Financial Services President Cox Automotive announced that Shane O'Dell has been named president of financial solutions. O'Dell will oversee NextGear Capital. He will report to Mark O'Neil, chief operating officer of Cox Automotive…
    Written on Friday, 02 September 2016 14:35
  • NAAA Boosts Prize Amount
    NAAA Boosts Prize Amount In August, the NAAA Executive Committee approved an additional $10,000 to be awarded to the 2016 NAAA Auto Auction of the Year, bringing the total prize to $25,000.The four Chapter…
    Written on Tuesday, 06 September 2016 14:48