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]

Dealers are looking for bargains in the auction lanes just like potential buyers are when they scour store websites or walk rows of inventory. As a result, this week’s Market Insights report from Black Book detailed the continued strength currently on display in the wholesale market, with a handful of cars showing increases in early […] [Read More]

The Manheim Used Vehicle Value Index is now in unchartered territory. The team at Cox Automotive reported on Monday that wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 2.01 percent month-over-month in August. That jump pushed the index reading to 139.7, which is 6.4 percent higher than a year ago […] [Read More]

Not even the strength of a hurricane generated as large of a single-month increase in the Black Book Used Vehicle Retention Index as what editors computed for August. Black Book reported that the index posted a significant month-over-month increase of 1.4 percent. Editors indicated the change last month marked the largest single-month increase since a […] [Read More]

Fresh off of what was said to be close to the best attendance ever for its annual Summer Roundtable, the International Automotive Remarketers Alliance will once again be an industry partner for another major event in the pre-owned vehicle space: Used Car Week. The National Auto Auction Association, National Independent Automobile Dealers Association and National […] [Read More]