Manheim shared a trio of management moves Monday, announcing first that its regional vice president for the Florida region, Mark Ford, is set to retire at the end of 2021. The company also announced two promotions in its Manheim Mid-Atlantic Market Center. Chad Spearman is now auction manager at Manheim Baltimore-Washington and Danielle Sweet is […] [Read More]

Make that three straight months of records for the Manheim Used Vehicle Value Index. The Cox Automotive business unit’s measure of wholesale car prices came in at 194.0 for April, which beat year-ago figures by 54.3% and was nearly a 15-point jump from the prior record set a month before (179.2). Mix, mileage and seasonally […] [Read More]

Megan Tucker began working for America’s Auto Auction Greenville in South Carolina as a part-time office clerk in 2007. She also helped with some of the auction’s marketing activities, using her training as a graphic arts student at School of Communication Arts in Raleigh, N.C. She went on to handle the marketing for all of […] [Read More]

The Black Book Used Vehicle Retention Index for April showed how much different the wholesale market is now compared to a year ago when the pandemic really began to intensify. Black Book reported on Thursday that its April index reading came in at 152.4, representing a rise of 11.2 points or 8.0% from March and […] [Read More]

CarLotz has named former Amazon Web Services executive William Vallier as senior vice president of technology, describing him as a digital transformation veteran. “His innovative thinking and strong execution skills will strengthen the company’s technology and systems capabilities as we execute on the most dramatic period of growth in our company’s history,” CarLotz co-founder and chief […] [Read More]

Consumer Portfolio Services is quite impressed with performances by independent auctions. In fact, independent auctions swept all categories, as the subprime auto finance company announced its 2020 Auction Award recipients. Three of the four accolades went to Rawls Auto Auction, which earned honors in all three categories for the large CPS volume auctions. Rawls has […] [Read More]

KAR Global said Tuesday it has purchased Auction Frontier, the developer of the Velocicast cloud-based auction simulcast solution. And here’s the kicker: Not only does Velocicast power KAR’s own ADESA Simulcast and Simulcast+ platforms, it also provides the technology behind the simulcast sales of more than 300 wholesale and retail auctions throughout North America and […] [Read More]

Convoluted, complicated and difficult all might be appropriate adjectives to describe what’s happening in the auction lanes nowadays. While Black Book is seeing an ever so slight deceleration in the upward trajectory of wholesale prices, analysts also pinpointed a handful of specific models in which dealers actually are being forced to pay above MSRP for […] [Read More]

Dealers Auto Auction will add a new auction in Columbia, S.C., marking its first location in the Carolinas, and Matt Laughridge will serve as the auction’s general manager. The new Dealers Auto Auction of Columbia will be the eighth auction for the group. Laughridge started in the auction business in 1999 with Manheim, and he […] [Read More]

McConkey Auction Group is migrating ABS Auto Auctions, its digital auction company for the Southwest, into the EBlock platform; a move expected to be completed by early summer. ABS is a digital auction company that has 10 physical locations (where ancillary services like inspections and tasks can be completed) but whose sales are all online. MAG […] [Read More]