In response to the COVID-19 coronavirus, Manheim is requesting that employees avoid international business travel through the end of the month, while limiting domestic business travel and large group meetings in the same time frame. That’s according to a statement provided by the auction company on Friday, which said Manheim is activating its Business Continuity […] [Read More]

A new Concord, N.C., location for global online vehicle auction company Copart will be its sixth North Carolina site. The company said the opening of the location is a “response to the increasing demands of automotive buyers and sellers.” The new location will serve the Concord community by creating new jobs, Copart president Jeff Liaw […] [Read More]

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]

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 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]

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]

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]

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]

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]

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]