More than 40 ADESA auctions in North America are set to run simulcast-only sales this week, following a roughly two-week stoppage of all ADESA physical sale operations (which included Simulcast) announced on March 20, in response to the COVID-19 pandemic. The first of those simulcast sales was set to begin Monday in the U.S. and […] [Read More]

In normal times, wholesale transaction prices tend to change gradually over weeks and months, and Manhieim Market Report tracks these changes extremely well. But with COVID-19 and the sweeping effects it’s having on the economy and automotive industry, we aren’t in normal times. It’s not surprising, then, that I’ve received numerous inquiries about MMR over […] [Read More]

Steve Kapusta of Ally's SmartAuction joins the Auto Remarketing Podcast to talk about the platform’s 20th anniversary, its early days and the evolution of the platform and online wholesale at-large. We delve into what perhaps changed the momentum for online wholesale and the importance of customer service and building trust. Plus, Kapusta shares the market need […] [Read More]

Editor's note: More days and times for online testing have been added.  The International Automotive Remarketers Alliance (IARA) is taking steps to ensure members still can complete testing for its Certified Automotive Remarketer (CAR) program via online proctoring. IARA scheduled online testing times for Wednesday, Thursday and Friday. First, individuals must complete the IARA Online Proctoring […] [Read More]

Finance company Exeter says its auction partners “are a vital part of Exeter’s servicing arm.” “They are asked to perform transportation of thousands of units, reconditioning, redemptions and most important, market to our dealer base,” the company said in an emailed statement Exeter continued, “The stronger the marketing of our brand, the more dealers that […] [Read More]

Auction Academy’s current two-year class group, Class 6, met Feb. 27-29 for the fourth of eight training and education sessions. Auction Academy is a career-continuing education program from TPC Management Co. for auto auction industry professionals. The sixth class group launched last May in Birmingham, Ala. Tom and Cathy Adams hosted the group for dinner […] [Read More]

Black Book generated a wide-ranging update as both the wholesale and retail segments grind to nearly a halt in many places because of the coronavirus pandemic. Analysts also offered both short-term and long-term projects about when activities and values might rebound, depending on severity of a recession. Black Book began by noting that Manheim was […] [Read More]

In a letter to President Donald Trump last week, National Auto Auction Association chief executive officer Frank Hackett voiced his support of efforts made by franchised and independent car dealers, who are asking the president for clarification that sales and leasing at their stores is an essential service. Hackett also emphasized the importance that auto […] [Read More]

In an update from president Grace Huang, Manheim said Friday it will “extend our current auction operations, as local, state and national directives allow,” continuing to hold Simulcast-only sales at locations as allowed by such directives. All Manheim auctions remain closed to buyers and sellers on sale and non-sale days; the only visits allowed are […] [Read More]

It is possible that KAR Global could reopen some ADESA auctions in early April, chief executive officer Jim Hallett said in a call with the investment community on Friday that detailed a wide range of company updates, including cost-cutting measures, operational statuses and more. On March 20, KAR said it was stopping all ADESA physical […] [Read More]