The first half of 2020 has been mired with challenges in the wholesale car market, but one particularly positive trend has emerged at the tail end of the of second quarter. Auction sales volume have made a strong comeback and are now at or above year-ago figures, according to industry analyses. In its weekly COVID-19 […] [Read More]

Two members of the Dealers Auto Auction Group are expanding, including one auction that is building a brand-new facility. The group announced that Dealers Auto Auction of Memphis is building an all-new, six-lane facility on 100 acres in Eads, Tenn., while Dealers Auto Auction of Mobile is adding more acreage, offices and lanes to its […] [Read More]

Two well-known names within the used-vehicle space — Mike Stanton and Tim West — each recently were given industry accolades for their service. West received the Ed Bobit Industry Icon Award, and the National Auto Auction Association named Stanton as its newest Warren Young Fellow. For West, Black Book’s longtime vice president of North American […] [Read More]

IAA reinforced its international operations in a pair of ways this week. First, Impact Auto Auction, the Canadian business unit of IAA announced the availability of Impact 360 View, what the company described as an innovative imaging technology that can allow online vehicle buyers a 360-dgree viewing experience of a vehicle’s exterior and interior. Then, […] [Read More]

The wholesale vehicle market has reached a positive milestone in June, and this particular one had not occurred in more than three months. According to the Used Market Update released by J.D. Power on Thursday, there were approximately 110,000 units sold at auction the week ending June 21, meaning each of the first three weeks […] [Read More]

COVID-19 forced Manheim Pennsylvania to postpone its 75th anniversary activities, so Manheim’s flagship auction location found another reason to celebrate. In a news release distributed late last week, Manheim highlighted record vehicle demand from dealers in June resulted in the Keystone State location selling more than 8,200 of the approximately 10,000 vehicles offered for sale […] [Read More]

The International Automotive Remarketing Alliance (IARA) opened registration for its 2020 IARA Virtual Summer Roundtable, highlighting five unique characteristics of this event on tap for Aug. 20. According to a news release, the IARA will be offering a virtual expo hall and unique sponsor positioning, opportunities for interactions between attendees, relevant topics and keynote speakers, […] [Read More]

One of the signature moves by ESPN college football commentator Lee Corso when trying to emphasize a point includes holding up a pencil and telling his colleagues on the TV program, “Not so fast, my friend!” Well, KAR Global chief economist Tom Kontos did a bit of an impersonation this week when sharing the company’s […] [Read More]

Through a partnership with Manheim Digital, Carvana has launched an online wholesale platform, CarvanaACCESS, that allows dealers to buy wholesale vehicles directly from the company. Carvana locations process consumer trade-ins and other wholesale units, which then go into a timed-bid auction on CarvanaACCESS.com.  Cars in that auction, which is powered by the Manheim Digital partnership, […] [Read More]

IAA branding now can be seen on either side of the Atlantic Ocean. On Wednesday, IAA announced that its U.K.-based business unit HBC Vehicle Services has rebranded as part of the global IAA brand. The company explained the rebrand reflects IAA’s commitment to investment, innovation and customer collaboration in the U.K. market. When IAA spun […] [Read More]