These days, dealers and consignors have an abundance of choices of how to transact in wholesale, thanks to auction companies like Manheim and ADESA and independent auctions who provide a blend of digital and brick-and-mortar, plus a host of standalone online providers and marketplaces. One of the advantages for independent auctions, in particular, says Independent […] [Read More]

There are some basic fundamentals just to be able to enter the auto auction game. One of those is having the ability to offer online sales. Think of it like a hand of poker. “Every auction, whether you’re Manheim, ADESA or an independent, there’s certain things you have to have these days just as your […] [Read More]

Just over a year ago, there were about 38,000 people certified in the safety training program used by the National Auto Auction Association. As of August, there were around 88,000 people certified in the Safe T. Sam program, which was created by KAR Global and ADESA and used by NAAA and throughout the auction industry. […] [Read More]

KAR Auction Services is now KAR Global. The rebranding announced Monday follows years of expansion, both geographically across North America and Europe and in terms of the services the company provides, thanks to its acquisitions and technolgical development. Those purchases include the online sales (CarsOnTheWeb, TradeRev), data science/analytics (DRIVIN), recovery management (Clearplan) and mobility fleet services […] [Read More]

Discussing IAA’s Thursday announcement that it has opened its Templeton, Mass., facility, the company’s chief executive officer and president John Kett said New England continues to be an important market for IAA. “This branch, along with the seven others in and around Boston, support our growth strategy in this major market,” Kett said in a […] [Read More]

Interviews with car hauler companies, dispatch technology providers and auction facility operators agree that the nation’s car hauler industry in 2019 is in good shape overall. Still, interviewees say the industry’s playing catchup to address a shortage of car-hauler capacity. They cite electronic driver logbook requirements, rising costs for casualty, liability, worker’s compensation insurance and the […] [Read More]

Creating an environment where moving cars and people on foot can co-exist in the lanes without mishap is only part of the safety story at physical auctions, according to Laura Taylor. The general manager of Charleston Auto Auction in Moncks Corner, S.C., knows chapter and verse the importance of keeping auction employees, customers and visitors […] [Read More]

Manheim says its new arrangement with Sirius XM, announced on Wednesday, makes activation easier for dealers and demonstrates the accessibility and benefits of SiriusXM in the pre-owned vehicles they sell. At no extra cost, dealers purchasing SiriusXM-equipped vehicles from any Manheim U.S. location can now take delivery of vehicles with SiriusXM already activated and working. […] [Read More]

Autumn officially arrived on Monday, and perhaps dealers might start to see wholesale prices cooling in the lanes, too, if the latest Black Book Market Insights report is any indication. Analysts spotted overall price decreases last week for both cars and trucks at greater rates than the previous four-week average. Along with fall’s arrival, Black Book […] [Read More]

More trucks and SUVs moved down the lanes in August, and KAR Auction Services chief economist Tom Kontos detailed how that change in volume mix impacted wholesale prices. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale used-vehicle prices in August averaged $11,244, which was 1.8% lower compared […] [Read More]