The unusual summertime wholesale price movements seen by both KAR Auction Services and J.D. Power Valuation Services might push the costs that dealers face in the lanes nearly 3 percent higher by the time the year ends. The August price updates from both companies conveyed notable wholesale price surges, with KAR chief economist Tom Kontos […] [Read More]

In the Nov. 1 issue of Auto Remarketing, we are celebrating both the NAAA Convention and a huge milestone for the association: its 70th anniversary. Given the magnitude of this anniversary, we want auctions to participate in the editorial content of this issue In a big way. Here's how auctions can get involved: 1. Submit photos for […] [Read More]

There are some phonetic similarities, but there’s a key difference between the words “insurance” and “assurance.” It boils down to protection from what you can't necessarily control (insurance), versus an added layer of protection designed to allow greater freedom for choice in decision-making (assurance).   And the latter is what is being offered through wholesale vehicle return […] [Read More]

Auction Management Solutions (AMS) expanded its client portfolio again earlier this month. Now leveraging the firm for business development consulting is Lake Charles Auto Auction (LCAA) located in Lake Charles, La.   Established in 1991, Lake Charles Auto Auction was started by Mike Pedersen as a two-lane night sale, catering to independent dealers in the area. […] [Read More]

Manheim has promoted Jane Gitere to be director of national accounts for Manheim Specialty Auctions. Gitere has served in leadership positions with Cox Automotive brands for over a dozen years. The company announced Tuesday that amid continued growth of Manheim Specialty Auctions, Gitere will be responsible for promoting awareness of Manheim’s Specialty sales. “With Manheim’s […] [Read More]

The Nov. 1 edition of Auto Remarketing will celebrate both the 70th anniversary of the National Auto Auction Association and NAAA's annual convention. One of the features in that special NAAA 70th Anniversary/NAAA Convention Issue is the annual “Auction Life” photo spread, where we invite NAAA-member auctions to submit photos of daily auction life from the past year. If you […] [Read More]

Congratulations to the recipients of this year's Auto Remarketing’s Best Auctions to Work For program, presented by CARS Recon. The program is a free workplace study for the auto-auction industry that recognizes the best auto auctions to work for on an unranked basis. It is designed and intended for individual physical auction locations — and for […] [Read More]

Slightly modifying the famous Mark Twain line in light of how popular utilities are nowadays, Black Book’s latest information showed rumors about how the death of compact cars has been greatly exaggerated. As a part of this week’s Market Insights report, Black Book reiterated that the three-year retention rates on compact cars have staged a remarkable […] [Read More]

To meet increasing buyer and seller demand in Germany, Copart has established a second location in Germany that is located near the city of Leipzig. The company announced Monday that its second location in Germany can store up to 4,500 vehicles and will hold bi-weekly auctions on Thursdays at noon. “We are proud to open […] [Read More]

Just months away from concluding their two-year course of study at Auction Academy, students of the program's fifth class will soon meet in Detroit for three days from Oct. 15 through Oct. 17 as part of its final session. While in Detroit, the class will meet with National Auto Auction Association chief executive officer Frank Hackett and […] [Read More]