General Motors Financial rewarded dealers who were quick to acquire vehicles from the consignor with a speed-themed experience. Last month, 24 GM dealers from across the U.S. and Canada answered the challenge and won the trip of a lifetime in the fourth annual GMF Challenge. As top purchasers on GMF DealerSource over a two-month period […] [Read More]

Wholesale vehicles with dents, dings, squeaky wheels and other mechanical hiccups near the Alamo now can be buffed and repaired by Manheim more efficiently. To deliver a better way for clients to do business and prepare for their growing needs, Manheim recently invested $1.8 million in a new 11,000 square-foot mechanic shop for Manheim San […] [Read More]

The International Automotive Remarketers Alliance had a golf outing planned for its 2018 IARA Summer Roundtable in August, and decided to use the event to honor Ken Osborn, the late general manager of ADESA Dallas who passed away early this year, and dedicate the net proceeds in his memory. Less than two months later, that […] [Read More]

XLerate Group Auctions has made two moves that the company’s chief executive says help the auction group “continue leading independent auctions beyond their physical lanes.” XLerate promoted Kelly McAllister to serve as executive director of digital strategy, while also hiring a digital manager of remote markets. Named to that position is Keith Fetz, who most recently […] [Read More]

UPDATED: Sixth paragraph corrected for clarity.  Jim Hallett talked about a lot more than just TradeRev during KAR Auction Services’ recent earnings call. During the third-quarter 2018 report discussed on Nov. 7, the KAR chairman and chief executive covered the company’s 11-percent third-quarter 2018 revenue increase, the proposed spin-off of its Insurance Auto Auctions (IAA) business, the […] [Read More]

AutoTec has added a new provider to its AuctionACCESS floor plan platform. The company announced earlier this month that XL Funding has been integrated into the platform, which gives XL Funding the ability to automatically send updated credit availability and flooring request messages to auctions that subscribe to AuctionACCESS. “With this integration, AuctionACCESS is now […] [Read More]

Amid the NAAA Convention during Used Car Week in Scottsdale, Ariz., DealShield announced its purchase protection solution will now be available for dealers and buyers at Lake Charles Auto Auction.  The Lake Charles, La., facility marks DealShield’s 40th independent auction. DealShield’s DS360 Guarantee, which helps dealers protect their purchases and return vehicles for any reason, […] [Read More]

ServNet chief executive Pierre Pons is tired of hearing online auction companies referred to as “disrupters.” He believes independent auction technologies such as Auction Edge, and the independents’ embrace of technologies such as OPENLANE and DealShield, show that the traditional auction companies can be strong competitors with the technology “disrupters.” “We are every bit as […] [Read More]

Big auction chains Manheim and ADESA are seeing their traditional business models upended and are working to address dealers’ changing wholesale vehicle buy-sell needs. Challenging auctions is the quickening drive to all things digital. As digital auction sources proliferate, dealers can buy and sell remotely, never having to set foot in a physical lane. This […] [Read More]

Before I hopped on a plane for my first trip to Arizona some 16 years ago,  I remember it being chilly, rainy and in the middle of a college semester back home in Raleigh. So, a week of spring-like warmth and Spring Training baseball in the Valley of the Sun was as good (and relaxing) […] [Read More]