In a special preview for our CMG Premium subscribers, Auto Remarketing is offering an early look at the data and insights from our Best Auto Auctions to Work For program for 2020. The full study and feature story will be available in the November issue of the magazine.  Part II of our Best Auto Auctions to […] [Read More]

Black Book reported wholesale values declined for the seventh week in a row. Meanwhile, analysts said in their latest COVID-19 Market Update that after falling two weeks ago, retail prices for used vehicles have stabilized. According to Black Book’s volume-weighted data, overall car segment values decreased 0.74% over the past week. The drop was larger […] [Read More]

KAR Global says it has enhanced its ADESA.com recommendations carousel to include dealer trade-ins from TradeRev. The updated recommendations carousel is the latest of modernizations to ADESA’s digital marketplace. The company said the modernizations can help dealers find profitable and high-demand used vehicles tailored to their unique business needs. KAR said that with the new […] [Read More]

Auto Remarketing’s Best Auctions to Work For, presented by CARS Recon, is a free workplace study for the auto-auction industry that recognizes the best auto auctions to work for on an unranked basis. The program, now in its fifth year, is designed and intended for individual physical auction locations and digital auctions, as well. Auto Remarketing, […] [Read More]

Editor's Note: Updated to clarify that Mecum resumed live auctions in June. A traveling show that would rival a Rolling Stones stadium tour or the digital production power of a Super Bowl network TV crew is back out on the road and performing to adoring crowds once again. Mecum Auctions and its supporting cast of […] [Read More]

The U.S. Patent and Trademark Office has awarded a patent to IAA for information technology systems that IAA says facilitate “participation in multiple auctions offered in different locations at the same time.” U.S. Patent Number 10,810,659 is for “System and Method of Auction Management.” The patent contains 20 claims protecting and recognizing what IAA says are […] [Read More]

It was a “punch in the gut,” says Sam Chaple. Manheim Nashville, an auto auction where Chaple has worked for 20 years and whose current location he helped launch, took a direct hit from an F3 tornado during the devastating and deadly storms that hit Tennessee in early March, he said. “To bring this one […] [Read More]

Another company in the used-car space is going public through a merger with a special purpose acquisition company, also called a SPAC. CarLotz and Acamar Partners Acquisition Corp., a publicly traded SPAC, announced Thursday they have agreed to a definitive business combination through which the used-car consignment and trademarked “Retail Remarketing” platform would become publicly […] [Read More]

Both Black Book and J.D. Power Valuation Services are reporting that wholesale prices are continuing to soften after the profound rebound they made this summer following the initial onset of the pandemic. However, both firms are seeing wholesale volume still being soft in the auction lanes as we get deeper into autumn. According to J.D. […] [Read More]

Noting that many vehicles are no longer picked up from a physical site, Manheim says its newly created Manheim Vehicle Release process gives buyers and sellers anytime access to the tools they need to release and pick up vehicles. And they have that access whether the vehicle has passed through a Manheim gate or not. […] [Read More]