Every month, CrashedToys locations host auctions of motorcycles, ATVs, and watercraft. CrashedToys is a brand of Copart, an online auction company that specializes in the remarketing of motorcycles and other powersports units. CrashedToys announced on Friday that its new facility at 8687 Weyand Ave Suite B, in Sacramento, Calif., is now open for business. CrashedToys Sacramento hosts […] [Read More]

Industry professionals vote each year on the annual Consignor of the Year award, honoring “individuals who encourage the use of best practices while also embracing and implementing innovation.” ARI said in a news release that during the Conference of Automotive Remarketing in March in Las Vegas, the company's manager of remarketing operations Chris Clarke was named […] [Read More]

Insurance Auto Auctions’ latest expansions, at branches in five states, add more than 110 acres to the company’s footprint in Alabama, Arkansas, Minnesota, New York and Texas. In other auction news, Auction Management Solutions, which provides consulting services to automotive industry clients including independent auto auctions, has added Bloomsburg Auto Auction in Bloomsburg, Pa., as a […] [Read More]

The planned spin-off of the Insurance Auto Auctions business from KAR Auction Services reached what KAR’s chief executive called “an important milestone” this week. The Internal Revenue Service provided KAR a favorable private letter ruling regarding the tax-free status of the IAA spin-off, KAR said in a news release Monday. “This favorable tax ruling is […] [Read More]

Black Book highlighted activity in the lanes and dealership showrooms is on the upswing as the spring market continues to blossom. This week’s Market Insights report detailed not only the latest price movements, but also anecdotes from Black Book’s representatives at sales nationwide that indicated dealers are in need of inventory because of upticks in buyer […] [Read More]

A giveaway of a new 2018 Tesla Model 3 AWD was one of the highlights of an 18th-anniversary celebration and sale on March 13 for Dealers Auto Auction of Idaho. In other auction news, Copart added 44 acres to its Chicago South facility, located at 89 E. Sauk Trail, Chicago Heights, Ill. As a result […] [Read More]

Lynnway Auto Auction and its president James Lamb have each been indicted by a Massachusetts grand jury on five counts of manslaughter, stemming from a fatal 2017 crash at the Billerica, Mass., auto auction. That’s according to a news release from the office of Middlesex District Attorney Marian Ryan, which said the Middlesex Grand Jury […] [Read More]

A new partnership aims to transform independent and specialty auctions’ static vehicle merchandising pages into “interactive digital experiences.” Auction Edge, a technology provider for independent auto auctions; and automotive digital merchandising company SpinCar are now working together to bring 360° Walkarounds to the auctions. The companies say that the technology helps wholesale vehicle buyers explore […] [Read More]

Nick Peluso has another wholesale-industry accolade to add to his mantle. Peluso became the sixth-ever recipient of the Bobit Industry Icon Award in recognition of his bold vision, technological innovation and dynamic leadership. The National Auto Auction Association (NAAA) and the International Automotive Remarketers Association (IARA) honored the president of Manheim Digital Marketplace at the […] [Read More]

Black Book executive vice president of operations Anil Goyal made the call. “The spring market is here,” Goyal said in a segment of this week’s Black Book Market Insights report that illustrates the strength of the spring market where several midsize cars and van segments posted a notable increase. “Led by midsize cars and minivans, […] [Read More]