IAA expands for severe weather season

Chris Hart-Williams, Staff Writer

Insurance Auto Auctions, a business unit of KAR Auction Services, announced Wednesday it has expanded locations in six states to both address clients’ increased inventory needs due to more claims being deemed total losses and to plan for a projected rise in salvage volume following the upcoming weather event... Read More

Manheim kicks off its auction week celebration

Auto Remarketing Staff

Manheim locations across the county are currently celebrating National Auto Auction Week. Throughout the week, the company said it will use Facebook and Twitter to showcase local auction activities. The week of celebration wraps up on Friday. “National Auto Auction Week is a great time to reflect on the... Read More

Auto Remarketing Staff

While it appears dealers are having trouble fulfilling one specific segment on their inventory shopping lists, Black Book’s latest price update indicated dealers aren’t paying quite as much when they do find the units they want. The newest Black Book Market Insights report showed an increase in wholesale... Read More

Copart opens 16th Texas location

Auto Remarketing Staff

Copart recently announced the opening of a new location in Andrews, Texas, growing its footprint to a total of 16 locations now operating within the Lone Star State. Auctions will occur regularly every Wednesday at the new location. The Andrews location will hold its first live online car auction on Wednesday at 12... Read More

Auto Remarketing Staff

For the second consecutive year, ADESA Winnipeg has been named the National Auto Auction Association's Eastern Chapter Auto Auction of the Year in recognition of its public service. The auction has planned and participated in more than 55 events to raise over $3.5 million for various regional causes, according to... Read More

Auto Remarketing Staff

J.D. Power said Monday morning it has rolled out a Used Vehicle Price Index Service that provides a monthly index monitoring current wholesale used-car prices and forecasting future movement. The analysis is done on both an industry and segment level. The company said it can forecast prices as far out as two... Read More

Arlena Sawyers , Special Correspondent

Seeking shelter from volatile residual values, rental car companies are selling more retired rental vehicles directly to dealers and consumers through non-auction sales channels. Avis Budget Group Inc. and Hertz Global Holdings Inc. said during their respective first quarter conference calls that per-unit fleet costs... Read More

How recon growth makes everyone a winner at KAR

Nick Zulovich, Staff Writer

Each time a fender scratch is buffed out or a new set of tires is installed, KAR Auction Services chairman and chief executive officer Jim Hallett sees those reconditioning activities as wins for two of the company’s most important customer bases — dealerships and commercial consignors. And the victories... Read More