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]

“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]