Editor's Note: This is the first in a three-part series on the auto auction operations of KAR Auction Services. Part II discusses the alignment of sales forces at KAR's ADESA and TradeRev business units, and Part III discusses potential expansion.  It’s about generating more revenue per unit. That will likely be one theme for the auto auction […] [Read More]

The team at J.D. Power Valuation Services pinpointed three reasons why used-vehicle wholesale prices through July on average came in 2.1% higher than during the same seven-month period in 2018. In the latest edition of Guidelines, analysts attributed the factors triggering that wholesale-price growth as: — Higher new-vehicle prices and affordability concerns — High levels of […] [Read More]

A 40-acre expansion of Copart’s Atlanta East location, which the online vehicle auction company announced on Friday, marks the second time Copart has expanded that location this year. Copart said the expansion is a continuation of the execution of its capacity growth initiative. This location is one of nine Copart locations in Georgia. Copart’s Atlanta East auctions […] [Read More]

DAA Northwest Auto Auction made a long-term commitment four years ago to Sunset Elementary students and staff, “adopting” the school that is located just two miles from its site. More than 200 auction employees volunteer to participate in a payroll deduction plan, providing healthy weekend snacks to students through the “Bite2Go” program. The program includes […] [Read More]

Manheim says it is ramping up its investment in Simulcast and plans to add a host of new features to the digital auction platform later this year and early next. The company declined to provide a specific breakdown of the investment but did note that it is part of the 2-year, $100 million overall digital […] [Read More]

Chosen in part because of its support of local police and fire departments, veterans, citywide events and municipal projects, ADESA Boston was named the National Auto Auction Association’s 2019 Eastern Chapter Auto Auction of the Year for its exceptional community service. In an earlier announcement, NAAA named Louisiana’s 1st Choice Auto Auction as the winner […] [Read More]

Nate Lattimer and his team at Enterprise Holdings keep busy selling Enterprise truck rental units at the end of their use. “Those are the class 6 box trucks,” said Lattimer, who is Enterprise’s vice president of remarketing, sales and operations. “I’m sure you have seen those on the road and on the highway.” But the […] [Read More]

TradeRev president Becca Polak says the Kansas City and Minneapolis markets include “highly-concentrated networks of savvy dealers.” Those dealers, she said, want tools to help them take their businesses to the next level. With that in mind, digital platform TradeRev said on Tuesday it was entering those two markets. The company said in a news […] [Read More]

Manheim will be closing its Manheim Arena Illinois auction, a company spokesperson confirmed via email to Auto Remarketing on Tuesday. The Chicago Tribune reported Monday that the closure would happen on Nov. 1. In a statement sent to Auto Remarketing, parent company Cox Automotive said many of the employees at Manheim Arena Illinois, located in […] [Read More]

The National Auto Auction Association announced the first two of its four Chapter Auto Auction of the Year recipients this week; operations representing the Southern Chapter and the Midwest Chapter. Receiving the accolade for the Southern Chapter was Louisiana’s 1st Choice Auto Auction, while collecting the recognition for the Midwest Chapter was Columbus Fair Auto Auction. Charitable efforts […] [Read More]