Holman Enterprises is charging up its fleet division at ARI in a new way. According to a news release distributed on Tuesday, the company announced a new partnership with Lordstown Motors, an Ohio-based original equipment manufacturer of all-electric, light-duty fleet vehicles. Holman highlighted the strategic partnership will help to introduce the Lordstown Endurance, an all-electric […] [Read More]

Fitch Ratings dissected Hertz’s interim settlement and agreement with investors that the rental-car company finalized in recent days; a six-month strategy to de-fleet and realign its business while paying down note liabilities in connection with its asset-back securities. The analysis also gave an inkling as to how many Hertz vehicles might be flowing through the […] [Read More]

AuctionACCESS announced this week that the company and Auction Edge, a provider of remarketing technology to independent auto auctions, have integrated the new AuctionACCESS Mobile Card at independent auctions throughout the country. This gives independent auctions using Auction Edge a smartphone-based way to credential dealers arriving at their facilities. Last month, AuctionACCESS said it was […] [Read More]

United Road recently highlighted the five special initiatives the transportation company is using during the COVID-19 pandemic to help OEMs, dealerships, rental-car companies, auctions and other consignors and wholesalers get vehicles shipped to and from intended destinations. “United Road is doing what it takes to support our customers, being agile and fluid as customers replenish […] [Read More]

Dealers Auto Auction Group has named its vice president of national sales and operations, bringing in David Diedrich for the role. Diedrich has been in the auto auction industry for three decades. “Assisting clients in establishing selling processes and markets, while developing promotions to potential buyers for the respective clients is the key to success […] [Read More]

It’s a question probably executives from throughout the automotive industry are asking. But a quartet of consignor representatives will try to tackle it during the 2020 IARA Virtual Summer Roundtable hosted by the International Automotive Remarketing Alliance. A consignor panel discussion on Aug. 20 titled, “Where Do We Go from Here?” will be moderated by […] [Read More]

Based on the first half of July, the Manheim Used Vehicle Value Index is on pace to set an all-time record for the second straight month. That’s according to a mid-month update from parent company Cox Automotive, which said wholesale vehicle prices through July 15 were up 4.4% from June. The mid-month reading of the […] [Read More]

Manheim added six more locations to its in-lane bidding pilot program on Monday, but pushed back the pilot of another. All told, Manheim now has 35 auction locations piloting in-lane bidding. A company spokesperson said via email that added to the pilot this week are: Manheim El Paso Manheim Hawaii Manheim Louisville Manheim New England […] [Read More]

Last week marked the first time since May that auction sales of vehicles up to 8 years old failed to crack the 100,000-unit mark, but they were still ahead of pre-virus forecasts, according to the Auto Industry Impact Report from J.D. Power released Wednesday. There were 97,000 auction sales for the week ending July 12. While […] [Read More]

Manheim added 13 locations to its in-lane bidding pilot on Monday, meaning 30 locations are now included, the company said in operational updates. Dealers at the pilot locations are able to bid in-lane through Digital Block sales, which include in-lane bidding on site at Manheim auctions with a live auctioneer and simulcast. Vehicles remain stationary […] [Read More]