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News from around the web related to online auto auctions

As Gas Prices Drop Back, Electric Cars No Sale.

2015-07-29T12:44:58+00:00 By |Categories: Auction News|Tags: , , , , , , |

Gas prices seemed to have stabilized over the last few weeks and actually dropped back to prior weeks levels. What is more interesting is how diesel prices are now equalized with gasoline. In the auction market, electric cars have paid the price. "They are cold as heck" said one dealer in NJ after he was forced [...]

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

2015-07-29T12:27:18+00:00 By |Categories: Auction News|Tags: , , , , , |

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

2015-07-20T11:57:32+00:00 By |Categories: Auction News|Tags: , , , |

 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

2015-07-20T11:57:33+00:00 By |Categories: Auction News|Tags: , , |

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

2015-07-20T12:00:58+00:00 By |Categories: Auction News, Featured|Tags: , , , , , |

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

2015-07-20T11:57:36+00:00 By |Categories: Auction News|Tags: , , , |

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. [...]