Lane watch: Back to typical depreciation readings as 2025 winds down
Wednesday, Dec. 10, 2025, 03:45 PM
Auction Academy president Wanna looks back at an ‘energizing’ year
Wednesday, Dec. 10, 2025, 02:32 PM
Commercial consignor sales at auction reflect strength in off-rental, repo volumes
Tuesday, Dec. 9, 2025, 01:44 PM
Wholesale
Latest ServNet auction serves Northern California market
Friday, Mar. 6, 2020, 06:36 PM
Auto Remarketing Staff
North Bay Auto Auction in Fairfield, Calif., is the newest member of ServNet Auction Group, and ServNet president Bruce Beam is happy that the group will be represented by the auction in “the all-important Northern California/San Francisco Bay Area market.” Don Morrow founded North Bay Auto Auction in 1993 as a public auction facility. It […] [Read More]
Dealer association partnerships help spark ACV’s growth
Thursday, Mar. 5, 2020, 04:06 PM
Joe Overby, Senior Editor
George Chamoun sits in a covered office in ACV Auctions’ booth at NADA Show 2020 in Las Vegas, with three vehicles and a buzz of dealer activity in the company’s booth space outside the door. The ACV chief executive officer recalls his first NADA convention, which happened three years ago and some 1,800 miles away […] [Read More]
KAR executive, former ADESA CEO Caruso to retire in March
Wednesday, Mar. 4, 2020, 07:41 PM
Auto Remarketing Staff
KAR Global chief client officer and longtime auction industry executive Tom Caruso plans to retire this month, the company announced Wednesday. Caruso’s four decades in the auction business has included time as ADESA’s president and chief executive officer, its chief operating officer and president of the National Auto Auction Association, among other posts. “Tom is […] [Read More]
IAA completes integration of SpinCar Feature Tour
Wednesday, Mar. 4, 2020, 07:40 PM
Auto Remarketing Staff
Vehicle buyer and seller marketplace IAA has completed the integration of SpinCar Feature Tour into its online auction platform, and the company says buyers will be able to quickly identify features and options present on each listed vehicle. IAA said the integration enhances the recently launched IAA 360 View. In addition, it further expands the […] [Read More]
Some ‘surprising’ elements surface in Black Book’s February index
Wednesday, Mar. 4, 2020, 04:56 PM
Auto Remarketing Staff
While the overall reading made just a modest rise month-over-month, Black Book spotted a couple of elements within its February Used Vehicle Retention Index that analysts deemed to be a bit “surprising.” This week, Black Book released its latest index update, reporting that the overall reading from February came in at 115.2, representing a rise […] [Read More]
Auction community in Nashville assesses impact after tornadoes
Tuesday, Mar. 3, 2020, 09:54 PM
Joe Overby, Senior Editor
In light of Tuesday morning’s devastating and deadly tornadoes that hit Tennessee, the auction community in the Nashville area was assessing the impact. Matt Trapp, Manheim’s regional vice president for the East, confirmed in a statement that Manheim Nashville, located in Mount Juliet, was “severely affected by powerful storm conditions” that came through the area Tuesday. […] [Read More]
IAA, Snapsheet partnership aims to automate the total loss process
Tuesday, Mar. 3, 2020, 06:41 PM
Auto Remarketing Staff
Vehicle buyer and seller marketplace IAA and claims management technology company Snapsheet say their new integrated partnership will reduce the time insurance carriers take to process claims for total loss vehicles. The companies say the integration combines IAA’s total loss claims and salvage services with Snapsheet’s configurable claims management platform. The news marks what the […] [Read More]
Lane watch: Values for in-demand units on the rise
Tuesday, Mar. 3, 2020, 05:48 PM
Auto Remarketing Staff
Dealers are on the hunt for inventory that matches potential-buyer preferences as we continue toward spring. As a result, the latest Black Book Market Insight report details price moves on those more popular units, including trucks and SUVs as well as sporty cars and luxury models. Black Book vice president automotive valuations Laura Wehunt — one […] [Read More]
Manheim celebrates 75th anniversary, with eye on increasingly digital future
Tuesday, Mar. 3, 2020, 03:53 PM
Joe Overby, Senior Editor
In 1945, World War II came to an end, kicking off an era of economic expansion in the United States that would eventually include the auto industry. That same year, a one-lane auto auction opened in southern Pennsylvania. Less than 15 years later, with the auto industry humming along, Manheim Auto Auction was the world’s […] [Read More]
KAR implements precautionary, temporary air travel restriction in light of coronavirus
Tuesday, Mar. 3, 2020, 01:35 PM
Joe Overby, Senior Editor
In light of the COVID-19 coronavirus outbreak, KAR Global is taking a precautionary measure, announcing a temporary air travel restriction for its employees through March 31. In a news release, KAR stressed that this temporary measure is a proactive one, and “not in response to any heightened or specific threat of exposure or spread of […] [Read More]
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