The workforce is changing. Baby boomers are retiring. Millennials want jobs that offer clear career paths — plus training, flexibility to telecommute and/or spend more time with family, and they aren’t afraid to job hop. Amanda Looney, manager of talent acquisition at Insurance Auto Auctions, and Will Farmer, executive director of dealer sales at TradeRev, […] [Read More]

Some dealers might see car haulers arrive at their stores a dozen times or more during a 60-day span, depending on inventory needs and which units are crossing the block. Manheim is offering its dealer clients an exclusive 60-day free trial to experience what the company believes is a cost-effective way for them to manage […] [Read More]

With the wholesale price declines for cars beginning to accelerate, Black Book representatives mingling with dealers in lanes nationwide uncovered five interesting trends; ones that might be happening at your local sale or your favorite online bidding platform, too. First, let’s look at the numbers included in this week’s edition of Black Book Market Insights. […] [Read More]

Technical issues never come at a good time, and that’s especially true when they happen in the final hours of the Used Car Week early bird registration deadline. We are aware that our registration system is experiencing technical issues, and we want you to know that our team is working on the solutions. Due to […] [Read More]

Sagent Lending Technologies, a joint venture between Fiserv and Warburg Pincus that was previously known as Fiserv Lending Solutions, announced last week that its VehicleLinq auto account servicing platform has been integrated into AutoIMS. AutoIMS is a technology service provider for the vehicle remarketing industry, and its platform connects commercial consignors, auctions and third-party providers.  The […] [Read More]

With pumpkins permeating everything from lattes to yard décor, the appeal of summertime vehicles, especially sporty cars, is softening. This week’s edition of Black Book Market Insights showed the premium sporty car segment experienced the biggest drop, sliding by 0.53 percent or $209. Reviewing overall car segment values, editors found their volume-weighted information represented a […] [Read More]

Manheim says it will have invested more than $100 million in its digital platforms, through upgrades that started at the beginning of this year and will continue through 2019.  This comes amid a growing push of online wholesale sales, both at Manheim and elsewhere in the auction business. At Manheim, specifically, in the first half […] [Read More]

Carolina Auto Auction expanded its management team, naming two assistant general managers on Monday. General manager and managing partner Eric Autenrieth announced that Joe LeMonds has been promoted to the post of assistant general manager of sales and marketing. And new to the auction is Vann Humphrey, who has been named assistant general manager of […] [Read More]

Following an 11-week “summer bounce” in Manheim Market Report prices, September ended up being the third consecutive month of record used-vehicle values, according to Cox Automotive's news release and analysis accompanying the latest Manheim Used Vehicle Value Index. And though weekly prices evened out during the month, analysts are still expecting lofty used-vehicle prices to […] [Read More]

Mike Broe, the president and chief executive of Auto Auction Services Corp. and a longtime fixture in the remarketing business, will retire at the end of the year. The company, typically referred to by the AutoIMS moniker, said Friday that Broe would retire on Dec. 31, with AutoIMS chief operating officer Venkat Krishnamoorthy leading the […] [Read More]