The McConkey Auction Group has hired Joe Lemonds of Carolina Auto Auction to be the new general manager of the DAA Las Vegas auction it purchased earlier this month, while also announcing a chief operating officer for the company, among other moves. Starting with the new auction GM, Lemonds has been Carolina’s assistant general manager […] [Read More]

Manheim added six more auctions Monday to its pilot return of in-lane bidding, meaning there are now 43 auctions participating in this pilot, which has been running roughly two months. Dealers at the pilot locations are able to bid in-lane through Digital Block sales, which include in-lane bidding on site at Manheim auctions with a […] [Read More]

Earlier this summer, IAA bolstered the technology offerings for its operations in the United Kingdom with a revamped buyer portal. This week, the company boosted the transportation component of its business. IAA announced that its UK-based business unit has implemented INFORM Transportation Management System (TMS). The company explained this marks the next stage of its […] [Read More]

Sales of vehicles up to 8 years old were steady at auctions the week ending Aug. 16 and continued to be softer than pre-virus forecasts, according to a Used Market Update from J.D. Power. But certain segments, particularly on the mainstream side of the market, are seeing auction sales climb. Overall, there were 95,000 auction […] [Read More]

Wholesale vehicle prices are on pace for a third straight month of record highs, according to a mid-month update of the Manheim Used Vehicle Value Index. After the first 15 days of August, the index was at 163.4, which is up 15.6% from mid-August 2019. The Manheim index finished July at a record high of […] [Read More]

Perhaps the most well-known auto auction group in the Pacific Northwest is going to the Southwest with its latest expansion. The McConkey Auction Group, headquartered in Spokane, Wash., announced Tuesday that it has added Dealers Auto Auction of Las Vegas to its group. DAA Las Vegas joins existing MAG auctions DAA Northwest and DAA Seattle. […] [Read More]

Perhaps nowadays more than ever, open sales might be the best path for consignors to fetch the highest amounts for their vehicles going through the wholesale market. Black Book described the ongoing scene in its latest COVID-19 Market Insights released on Tuesday that included a mention of how both car and truck values moved higher […] [Read More]

In this episode, Cherokee Media Group president Bill Zadeits chats with the leadership of the National Auto Auction Association. More specifically, 2020 NAAA president Laura Taylor and 2021 NAAA president Julie Picard. To listen to this episode, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and subscribe to the Auto Remarketing Podcast on iTunes or […] [Read More]

182,000 off-rental vehicles from one company hitting the wholesale ecosystem sounds like it could be a potentially damaging saturation of the market. If it was happening all at once. And if wholesale prices for off-rental were already at a tenuous position. Neither factor appears to be the case with Hertz and its plans to wholesale that […] [Read More]

Two wholesale industry leaders shared reasons why others should join them during the 2020 IARA Virtual Summer Roundtable hosted by the International Automotive Remarketing Alliance. ServNet executive director John Brasher opened first by stating why auctions, consignors and other wholesale-market participants should be online for the event set for Aug. 20. “With several industry events […] [Read More]