Wholesale auction sales reached a bit of a slow patch at the end of summer. The week ending Sept. 13 marked a decline in auction sales volume of vehicles up to 8 years in age, according to a Used Market Update report from J.D. Power. Specifically, there were 86,000 units wholesaled that week, down from […] [Read More]

For Manheim, 2020 began as an anniversary year, its 75th. And, of course, it still is. But for the auction company and wholesale auto industry at large, it has evolved into a milestone year in and of itself. What started as a year to commemorate a landmark from the past will arguably be looked upon […] [Read More]

Adapting to the situation presented by the coronavirus pandemic is on full display within the independent auction world. Russ Smith is owner and general manager of Dealers Auto Auction of Idaho, which recently joined ServNet Auctions. Smith felt the stress of when business life in just about every way came to an abrupt stop in […] [Read More]

Like it has with so many other industries, the COVID-19 pandemic has caused a major shift at auto auctions over the last seven months. Whether that’s putting a greater emphasis on digital sales and not running cars through the lanes — as has been the case with the industry’s two largest corporate auction houses, Manheim […] [Read More]

Calling it one of the largest OEM contracts in its 20-year history, JMN Logistics has added a new contract with Volkswagen Group of America.   JMN described it as a multi-year vehicle shipping deal to transport vehicles to dealers. The company says that in late 2019 it made its largest asset purchase of haulers in […] [Read More]

ServNet has added two more auctions to its ranks, both of which are in the Western U.S. The auction group said in its latest online newsletter that Dealers Auto Auction of Idaho and Dealers Auto Auction of Las Vegas are now members of ServNet. The latter was recently acquired by the McConkey Auction Group, which […] [Read More]

Registration is now open for Used Car Week, which will be an all-digital endeavor this year, with content spread across four weeks this fall. Similar to a host of other industry gatherings, Used Car Week is shifting to an all-digital format that will still include the staples of the event — Pre-Owned Con, Auto Fin Con, Repo […] [Read More]

After racing higher when auctions began to move vehicles through the wholesale market again after the outset of the coronavirus pandemic, values are starting to make a noticeable turn lower, according to Black Book’s newest COVID-19 Market Insights released on Tuesday. While the dollar amount might only fetch a drive-thru meal for you and your […] [Read More]

John Hammer, who is chief commercial officer of KAR Global and president of ADESA, and Steve Jordan, who is KAR's executive vice president of dealer sales, join the latest episode of the Auto Remarketing Podcast.  They talk with Auto Remarketing's Joe Overby about the digitization of wholesale, dealer-related projects KAR has in store and much […] [Read More]

Manheim said Monday it has added seven auctions in the Southeast to its Digital Block in-lane bidding program, meaning the company now has more than 50 locations in the program. The auctions added this week are all in Tennessee (Manheim Nashville) or Florida (Manheim Central Florida and Manheim Fort Myers, Manheim Pensacola, Manheim Daytona Beach, […] [Read More]