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News from around the web related to online auto auctions

Price Drops at Auction, Expect more of the same next week?

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According to the latest edition of Black Book Market Insights, overall prices for cars at auction dropped by 0.62 percent or $73 last week, which was higher than the average declines seen over the previous four weeks. Trucks, on the other hand, saw values fall by just 0.27 percent or $44 last week, which is in [...]

Auction volume up by 7% YTD

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 As used prices fell 2.5 percent last month, auction volume was on the way up, perhaps playing a role in the continuing depreciation being seen in the auction lanes. According to the latest Guidelines report from NADA Used Car Guide, auction volumes of used cars up to 8 years old reached almost 317,000 units in June, [...]

June 2015 was 2nd best increase in auction volume

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Auction volume was up more than 8 percent year-over-year in June, and year-to-date figures continued to hold strong, according to the latest Economic Dashboard from the National Auto Auction Association. Specifically, the tally for the month of June climbed 8.3 percent against comparable weeks of 2014. Auction volume for the first half of the year was up 7.3 percent [...]

Electronic Cross Border Title Work Between PA and MA

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The Pennsylvania Department of Transportation (PENNDOT) and the Maryland Motor Vehicle Administration (MVA) will now allow cross-border title work using their new online service. "This is welcome News for PA Dealers because it will speed up our title work with Maryland Customers" Known as the "Online agent-dealer program", it allows PA dealers electronically title in register [...]

Texas vehicles damaged from floods, may end up at Auction

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During the rainstorms in late May, many Texans braved the roads and drove their vehicles in flooded streets, but some may now be regretting that decision and have been left with water-damaged automobiles. Many of those water-damaged vehicles have been condemned to salvage yards, but some experts say many can end up back in the market. [...]

James Bond’s Bentley up for auction

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I know this isn't dealer auction news, but it's the James Bond Bentley for pity sake... The 1969 Aston Martin DB6 Volante Mk1  Could Fetch Over $1 Million And that’s because it used to belong to none other than Ian Fleming ... Fleming’s Bentley will go up for auction alongside a number of other cinematically connected [...]