Judging by the wholesale price movements, if dealers can add compact luxury SUVs or full-size pickups to their inventory, they will. Otherwise, used-car managers appear to be reducing their enthusiasm for raising inventory levels higher with only about a week remaining in September. Analysts shared those findings and more in Black Book’s latest COVID-19 Market […] [Read More]

Alliance Inspection Management, or AiM, was founded in 2005, with a goal to “inspect the condition of new and used vehicles from bumper to bumper.” On Wednesday, the company announced it has reached a new milestone: It has sold the 600,000th vehicle through its AiM MarketConnect process. The company describes that process as a patented, web-based […] [Read More]

The National Auto Auction Association said in a message to members that it will hold its official presidential transition day on Oct. 8 in a ceremony conducted digitally. The gavel will pass, so to speak, from current NAAA president Laura Taylor to president-elect Julie Picard. The meeting will be held digitally at NAAA.com and begins […] [Read More]

Since Kelley Blue Book partnered with Charitable Adult Rides & Services, or CARS, in 2017, visitors to KBB.com have helped raise $2.5 million for 945 different non-profits. That includes St. Jude Children’s Research Hospital, which has so far received nearly $1 million in total revenue through KBB.com. Now, Kelley Blue Book is expanding on its […] [Read More]

The traditional automotive auction landscape has remained largely unchanged for quite some time, but as with every industry, technology offers opportunities to improve, innovate and push the industry forward.  With the digital landscape opening opportunity, many online auctions offered an entirely digital auction experience, attempting to replace while not effectively replicating the live experience. Still, […] [Read More]

To say that 2020 has been a year like no other is a true understatement, from a global pandemic and social and political unrest to devastating wildfires and a hurricane season that is already one for the record books.  On top of all that, before anyone had ever heard of COVID-19, Manheim was planning to […] [Read More]

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]