Auction/Wholesale News
NAAA: 2009 Auction Volumes Down More than 14 Percent
-- March 11, 2010
FREDERICK, Md. — The National Auto Auction Association's 13th annual survey determined that sales of used vehicles totaled 8.9 million units worth ... [ Full Story ]
Women in Remarketing Deadline Just Over One Week Away
-- March 10, 2010
CARY, N.C. — As part of our publication's efforts to recognize excellence in the industry, Auto Remarketing is dedicating the April 15 edition to honoring women's contributions to the remarketing industry. However, if you would like to nominate a leader, you must act quickly. The deadline to submit is ... [ Full Story ]
Black Book: Strong Wholesale Trends Likely to Continue
-- March 09, 2010
GAINESVILLE, Ga. — Used-vehicle value retention is usually strong at the beginning of the year, but February showed better-than-expected trends and March appears to be ... [ Full Story ]
Salvage Direct Adds Avis Budget Group as Newest Partner
-- March 09, 2010
TITUSVILLE, Pa. — Salvage Direct revealed on Monday that the Avis Budget Group is its newest seller partner. Auction officials indicated that now Avis Budget Group can ... [ Full Story ]
DAA Northwest Sponsors New Regional Racing Circuit
-- March 09, 2010
SPOKANE, Wash. — DAA Northwest on Monday unveiled a new auto racing sponsorship meant to promote weekly sales as well as up-and-coming competitive drivers from the region. In conjunction with Sherwin-Williams and NASCAR Sprint Cup Series driver Greg Biffle, the auction announced the formation of ... [ Full Story ]
Mandarin Chinese Language Now Available on IAA Web Site
-- March 09, 2010
WESTCHESTER, Ill. — Insurance Auto Auctions has added a Mandarin Chinese option to its Web site, meaning the company now provides ... [ Full Story ]
Attracting Repo, Recovery Clients via Social Media, Word-of-Mouth
-- March 08, 2010
ATLANTA — In my last article for Repo & Recovery, I referenced a recent survey we conducted that examined business practices, issues and preferences of repossession agencies. If you are like most agencies, keeping ... [ Full Story ]
Adjility Automotive Offers New Solution for Recovery Agents
-- March 08, 2010
SHORT HILLS, N.J. — Adjility Automotive recently rolled out a new software solution that it believes integrates several platforms such as Google Maps, GPS technologies and skip-tracing modules together into a single tool. Company executives contend that RecoPro can ... [ Full Story ]
Webb: Wholesale Prices Show Double-Digit Gains
-- March 08, 2010
ATLANTA — Even after the usual seasonal gains were considered, wholesale prices showed a strong year-over-year upswing during February, according to Manheim's Tom Webb. There were value increases across the board, particularly among ... [ Full Story ]
KBB: February Prices Rise; Toyota Values Stabilize After Dip
-- March 08, 2010
IRVINE, Calif. — Along with a significant discussion about how Toyota recalls affected the market, Kelley Blue Book shared details about the depth of strengthening wholesale vehicle values throughout ... [ Full Story ]
ABC Appoints New CFO
-- March 08, 2010
INDIANAPOLIS — The Auction Broadcasting Co. named a new chief financial officer recently, and hired to serve in that role is ... [ Full Story ]
VW Credit Taps CarsArrive Network As Exclusive Provider
-- March 08, 2010
REDWOOD CITY, Calif. — CarsArrive Network, the transportation solution company owned by OPENLANE, recently announced it is now the sole service provider for Volkswagen Credit. The agreement also includes ... [ Full Story ]
AmeriCredit Names Best Auction of the Year
-- March 05, 2010
FORT WORTH, Texas — On Thursday, AmeriCredit Corp. identified its top auction partner as a part of its nationwide Auction of Excellence program. Taking home the top award this year is ... [ Full Story ]
ServNet Auctions Continue Winning Tradition
-- March 05, 2010
FRANKLIN, Tenn. — Two ServNet auctions have been singled out as leaders for national consignors in recent awards programs. At recent award presentations ... [ Full Story ]
Graham Outlines IARA's Future Goals
-- March 05, 2010
MOUNT LAUREL, N.J. — During the summer of last year, Bob Graham, ARI's director of vehicle remarketing, was inducted as president of the International Automotive Remarketers Alliance. During his two-year term, Graham plans to ... [ Full Story ]
LeasePlan Announces Top Auction Partners
-- March 05, 2010
ALPHARETTA, Ga. — LeasePlan USA honored its top performing auction partners of 2009 on Thursday at the Conference of Automotive Remarketers Consignor Recognition Awards ceremony. Earning the ... [ Full Story ]
Salvage Direct Expands East Coast Presence
-- March 05, 2010
TITUSVILLE, Pa. — This week, Salvage Direct announced the opening of a new, enhanced processing center near Philadelphia, marking its sixth facility in Pennsylvania and its 80th worldwide. The company's 2010 expansion plan commenced ... [ Full Story ]
Latest Pulse Report from ADESA Now Available
-- March 04, 2010
LAS VEGAS — In the latest issue of Pulse, which has been released in conjunction with the National Auto Auction Association/CAR Conference, ADESA Analytical Services offers a review of macro- and microeconomic indicators that are impacting the remarketing industry. The new edition offers ... [ Full Story ]
Charleston Auto Auction Takes Top Honors
-- March 04, 2010
MONCKS CORNER, S.C. — Charleston Auto Auction announced it has received the 2009 National Auction of the Year Award from ... [ Full Story ]
Experian Automotive Expands Service Offering with Manheim
-- March 04, 2010
SCHAUMBURG, Ill. — Experian Automotive announced that it has enhanced its vehicle data service offerings with Manheim. In addition to providing auction data to Experian's AutoCheck reporting service, a free ... [ Full Story ]