Sending zero waste to landfill by 2024. That’s a goal for Cox Enterprises, and the company also wants to be water/carbon neutral by 2044. Manheim San Francisco Bay, a Cox Enterprises company, has worked on several initiatives to reach those goals. Now, the City of Hayward, Calif., has recognized the company’s efforts. The auction has […] [Read More]

Remember Cash for Clunkers? J.D. Power Valuation Services does, and its May wholesale vehicle price data triggered memories of that federal government program to bolster sales of new, fuel-efficient models. Analysts shared in the latest installment of Guidelines that wholesale prices of used units up to 8 years in age declined by an average of […] [Read More]

Black Book’s lane watcher stationed at a sale in Pennsylvania succinctly summed up the dealer and wholesale price activity contained in the firm’s latest Market Insights report. The Keystone State representative said, “The auction is simply not as active as it was just a couple of weeks ago.” Editors noticed wholesale prices for both cars and […] [Read More]

Through a new partnership between Black Book and inventory procurement platform Drivably, Black Book’s automotive intelligence and vehicle valuation data are powering Drivably’s dealer inventory acquisition ecosystem. Black Book says that in helping dealers find the right inventory opportunities, Drivably bases its recommendations on criteria such as a dealer’s unique preferences, historical dealership performance data, […] [Read More]

In naming Tony Markese as vice president of reconditioning, Manheim says the move will help the company grow its reconditioning operations in preparation of digital and mobility sector growth. Markese, who was promoted to vice president, operational excellence for Manheim in 2012, will now have responsibility for determining the strategic direction of the company in […] [Read More]

When wholesale vehicle buyers feel they did not get what they pay for, they often must go through a cumbersome process to return the vehicle. With a new TradeRev pilot program, buyers can now return vehicles, with “no questions asked.” TradeRev, a business unit of KAR Auction Services, has been piloting what it describes as […] [Read More]

Insurance Auto Auctions is expected to officially be an independent, publicly traded company on June 28. Current parent company KAR Auction Services said Wednesday that its board of directors formally approved the separation of IAA from KAR, which will be done through a distribution of all outstanding shares of IAA Spinco Inc. (to be renamed […] [Read More]

Manheim now has its first all-digital auction location: Manheim Tucson. The Arizona auction is Manheim’s first to incorporate a 100% digital format, utilizing a four-lane setup where cars are parked in designated spots and sold to buyers both physically present at the facility and online. An auctioneer has them up for sale digitally through oversized […] [Read More]

KAR Auction Services says the new consumer-direct vehicle transportation and logistics services business of its CarsArrive Network will provide services directly to consumers. Those consumers can be individuals or corporate/commercial clients. The retail relocation business is called CarsArrive Auto Relocation, and it will allow consumers to ship their car anywhere in the United States. Consumers […] [Read More]

This week’s Black Book Market Insights report showed the days’ supply of new full-size pickups currently sits at a four-year high, well above 100 days. While editors are thinking automakers might push incentives to get those new trucks over the curb at franchised dealerships, Black Book isn’t seeing prices soften for full-size pickups moving down […] [Read More]