KAR Global chief executive officer Jim Hallett did not mince words Tuesday when sharing his concerns about the return of in-person auto auction sales with cars running through lanes, urging the industry to take greater responsibility for safety amid COVID-19. During a sponsored episode of the Auto Remarketing Podcast, Hallett began by expressing his concern […] [Read More]

To commemorate its second anniversary, Mid Kansas Auto Auction offered nearly 700 vehicles at a promotional event in November, and more than 60% sold. That was an all-time record for the auction, said MKSAA owner/general manager Trevor Ottley, noting that the event showed attendance of more than 474 registered dealers in lane and online. The […] [Read More]

Dealers using the Manheim Express Concierge service can now run Concierge-inspected vehicles located on the dealer lot in a live, auctioneer-led Simulcast sale. Manheim said the service works well for dealers who would like to wholesale their inventory right from their lots. The company makes the announcement at a time when its Simulcast audience has […] [Read More]

There was a “typical” seasonal decline in wholesale prices on a non-adjusted basis during November, and compared to a year ago, Manheim’s index measuring used-car values was up more than 16%. Separately, a week-by-week analysis from J.D. Power shows continued softening in auction prices following their summertime peak. According to a report accompanying the latest Manheim […] [Read More]

Buzz Cotton has spent a lifetime in the auction industry. After college graduation, he worked with his father, Jimmy Cotton, owner of the former Arena Auto Auction in Chicago. He went on to become owner of Dyer Auto Auction in 1986, and on Thursday, Dyer announced that Buzz Cotton was transitioning the leadership mantle to […] [Read More]

Manheim will soon close out its 75th anniversary year, and it is also celebrating the careers of what it says are several valued and long-standing company leaders. “As we celebrate and reflect on our 75th anniversary, we will greatly miss these valued colleagues who contributed so much during their careers at Manheim,” Manheim president Grace […] [Read More]

Black Book explained how the latest movement in its Used Vehicle Retention Index continues to reflect how the wholesale market is behaving in light of pandemic-related impacts. Black Book reported on Wednesday that its November index reading came in at 130.6, representing a 0.7-point increase from the October mark of 129.9. “The market level index […] [Read More]

Thanksgiving turned out to be softer for all involved as Black Book noticed weaker trends on both the wholesale and retail fronts. The observations stemmed from a holiday timeframe typically filled with some of the largest gatherings on the calendar, but derailed this year because of the pandemic. As Black Book analysts explained it in […] [Read More]

Fleet management company Donlen has been named a 2020 Best and Brightest Company To Work For in the Nation. Best and Brightest Programs recognize companies that show a commitment to excellence in business areas such as employee enrichment, diversity and inclusion, community initiatives and strategic company performance. Donlen was included on the list for the […] [Read More]

Through a new partnership, digital vehicle logistics marketplace Autosled will provide exclusive transport support for 20 Group Dealer Trades, a dealer-direct platform that enables dealers to turn reconditioned inventory. Autosled will provide that service for the new and used cars traded among 20 Group Dealer Trades members. Autosled provides dealers, transporters, auctioneers, brokers and individuals that […] [Read More]