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]

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]