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]

Hertz is looking to make sure medical personnel in one of the U.S. locations hardest hit by the coronavirus pandemic have reliable transportation. This week, Hertz started to provide free vehicle rentals to New York City healthcare workers via a program set to run through April 30. The company said healthcare workers can reserve a […] [Read More]

Along with scheduling a conference call to offer more details of the current state of business, KAR Global on Thursday morning outlined five adjustments the company has already made stemming from the coronavirus pandemic. “The coronavirus pandemic continues to impact our company, industry and markets around the globe,” KAR Global chairman and chief executive officer Jim […] [Read More]

Before delving into its newest wholesale price data, the latest Black Book Market Insights report offered a reassuring assessment of how auctions, consignors and dealers adjusted to how the coronavirus pandemic has forced the industry to operate. Black Book vice president of vehicle valuations Laura Wehunt began by saying, “This past week we saw big changes […] [Read More]

Leaders representing the major constituencies of the auto auction industry continued their weekly teleconference calls on Monday, updating one another on their respective responses to the COVID-19 pandemic. Auto Remarketing caught up with National Auto Auction Association chief executive officer Frank Hackett by phone for a rundown on the latest. Among the updates: NAAA president […] [Read More]

Dealers Auto Auction of Chattanooga says auctions receiving ARI’s regional award must prove their performance every day of the year. ARI’s various benchmarks for each auction partner include days to sell, days to condition report, percentage of Black Book, and days to fund. Dealers Auto Auction of Chattanooga said on March 17 that it received […] [Read More]

Next up in our series of Auto Remarketing Podcast episodes recorded at NADA Show 2020 last month is a conversation with Kirsten Von Busch, senior product manager for Experian AutoCheck. Von Busch shares how a growing used-car market underscores the importance of vehicle history reports, how AutoCheck uses data to help the remarketing industry, recall repairs […] [Read More]

KAR Global is stopping all ADESA physical sale operations throughout North America — including simulcast-only sales — “for at least the next two weeks,” the company said in a statement Friday. Previously, auctions were set to go simulcast-only through April 3.  As for Friday's news, KAR plans to maintain minimal essential operations at those auctions — […] [Read More]

In light of the state’s Stay-At-Home Executive Order from Gov. Gavin Newsom, ADESA has closed its California auctions until further notice, the company said via Twitter on Friday. That includes its Brasher’s, Fresno, Golden Gate, Los Angeles, Sacramento and San Diego locations in the state. Similarly, ADESA Reno and ADESA Las Vegas will remain closed […] [Read More]