A picture is worth 1,000 words. But Manheim vice president of offsite solutions Derek Hansen says, “audio/video files are even better.” Manheim says audio and video tags that it has added to its Manheim Express listings bring the sound of vehicles to life. With the tags, buyers can get a fuller understanding of the engine’s […] [Read More]

It's the Auto Remarketing Podcast's first episode of 2020! We begin the year with a round of special episodes recapping panel discussions from Used Car Week in Las Vegas. First up is a panel on "Auction Trends & Technology for Brick & Mortar and Beyond." Moderated by Cherokee Media Group's Bill Zadeits, the panel features Patrick Brennan […] [Read More]

ADESA president John Hammer says sellers have asked for “a more transparent snapshot of their inventory going through the lanes and up for bid.” “Our new remote seller dashboard allows them to see bid performance on each vehicle and how it compares to their set reserve, guidebook and the ADESA Market Guide national average — […] [Read More]

You know those shoppers who flock to retailers soon after Christmas Day looking for deeply discounted merchandise? Well, it appears dealers are behaving similarly at the auction during the opening days of 2020. Black Book recapped in its latest installment of Market Insights that stable prices are triggering more buying activity in the lanes. “The […] [Read More]

Economic conditions, compliance and how the auction industry embraces digital selling, are wholesale trends on the watch lists of some economists, analysts and auction professionals, many of whom attended Used Car Week, Nov. 11-14, in Las Vegas. In separate interviews, Tom Kontos, chief economist at KAR Global, and Charlie Chesbrough, senior economist at Cox Automotive, […] [Read More]

A surge in retail activity to close 2019 created a lift in wholesale prices in December, according to the analyst team at Cox Automotive. Those analysts noticed that wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 1.54% month-over-month in December. That movement brought the Manheim Used Vehicle Value Index to 141.1, […] [Read More]

It appears 2020 began with light activity in the lanes and wholesale prices adjusting in ways Black Book considers normal for the opening days of the year. Black Book’s latest Market Insights report showed values for both cars and trucks softened at a much lower level than what analysts noticed during the previous four weeks. […] [Read More]

As the new vice president of Manheim Logistics, Joe Kichler will oversee business strategy and operations for the company’s leading logistics brands. Those brands are Ready Logistics and Central Dispatch. Ready Logistics is a full-service transportation service, and Central Dispatch is a self-managed transportation service. Manheim says that together, those brands offer transportation services that […] [Read More]

Independent auctions can now take their own slice of the dealer-to-dealer auction market. That’s thanks to a partnership and exclusive integration between online auction EBlock and remarketing technology provider Auction Edge announced Tuesday. The partnership between Auction Edge and EBlock begins this month with the McConkey Auction Group, which through the integration of the technologies […] [Read More]

Dealer Tire said Monday it has entered a deal to buy reconditioning service and vehicle protection product provider Dent Wizard from Gridiron Capital. The transaction would result in what Dealer Tire called the “leading aftersales dealer services platform in North America.” “The combination of Dent Wizard’s reconditioning capabilities and Dealer Tire’s service lane presence offers greater […] [Read More]