“Empowering young adults to achieve their dreams in the face of financial adversity,” is the mission statement shown on the Hourglass Foundation’s website.  The Hourglass Foundation believes that great change can come from helping young adults, and “that everyone deserves the opportunity to achieve their dreams for their best life possible, through hard work and […] [Read More]

Manheim is growing its Manheim Express Concierge force to personally help dealers who list their vehicles for sale through digital channels. That is just one of three enhancements to the Express mobile app that Manheim is rolling out. Manheim, noting that dealers continue turning to digital channels to buy and sell vehicles on their time […] [Read More]

Rick Griskie has a simple way of describing the new “natural language” search functionality on ADESA.com that the company says makes finding vehicles faster, easier and more robust. He describes it as a “Google-like search.” Griskie, who is ADESA’s chief information officer, explains that today, most people find vehicles through features. The searcher first enters […] [Read More]

Dealers likely set their sights on retailing used vehicles during Memorial Day weekend rather than being quite as active in securing more inventory from the lanes last week. The collection of data and observations included in Black Book’s latest Market Insights report offered a variety of evidence to indicate the wholesale landscape is transitioning from […] [Read More]

Along with touching on the latest certified pre-owned sales data he could share, KAR Auction Services chief economist Tom Kontos used a gardening analogy to describe how the spring wholesale market reached “full bloom in April.” According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, analysts reported that wholesale used […] [Read More]

In response to what it describes as growing demand from its customers for mobile sales, ADESA on Thursday named Matt Laughridge to the newly created position of general manager of ADESA Mobile Auctions. Also, the company promoted Sawyer Walker from regional to national manager of the company’s dealer-to-dealer sales program, ADESA UVA. ADESA said in […] [Read More]

It’s spring, so that means a new crop of talented graduates have turned the page (and their tassels) and are about to enter the workforce. But how do you attract the best and brightest of these to work for your auto auction? That question is especially important amid recruiting challenges in the auction industry and as new […] [Read More]

As leaders of many family-owned businesses, ServNet owners take a strong interest in their employees, says Greater Rockford Auto Auction owner Ryan Clark. “ServNet’s scholarship program is a great way for us to encourage the members of our auction families and to help lay the groundwork for the next generation that follows,” Clark said in […] [Read More]

The unofficial start of summer is just ahead with Memorial Day weekend coming, but the wholesale market is still seeing a few signs of the spring market. This week’s Market Insights report from Black Book indicated that the spring market has been persistent through the middle of May. “Prices remained stable for a second consecutive […] [Read More]

In another development related to the upcoming spinoff of Insurance Auto Auctions from KAR Auction Services, IAA Spinco Inc. — which will be renamed IAA — announced a proposed senior notes offering Monday morning. Specifically, IAA said in Monday's news release it intends on offering (subject to market conditions) an aggregate principal amount of $400 million […] [Read More]