ADESA, a business unit of KAR Auction Services, announced Wednesday that it has brought aboard Gil Hyder to serve as its executive sales director. Hyder brings more than 15 years of automotive industry experience to the auction company, and most recently served as director of commercial sales for KAR business unit Insurance Auto Auctions (IAA). (KAR […] [Read More]

Manheim recently announced it has launched a new intelligent search function for wholesale inventory on its online platform OVE. The new personalized search tool offers dealers faster and more relevant results and increases search accuracy. OVE, which serves 66,000 active users and sees 900,000 monthly visits, now touts an intelligent search feature which uses machine learning […] [Read More]

Subaru of America recently announced that it has named Manheim Southern California Auction its Auction of the Year for the second year in a row in recognition of both sales effectiveness and service quality. Subaru said it tracks and measures its auctions by three key components to choose a winner. The automaker examines auction’s total sale […] [Read More]

The used-car industry is seeing some easing in the volumes of late-model vehicles at auction, according to the latest Guidelines report from J.D. Power Valuation Services. Through two months of the year, late-model auction volume is down 5.8 percent, the report said. In February alone, it was down 11.5 percent year-over-year. Last month’s late-model volume […] [Read More]

February wholesale prices didn’t hold up quite as much as the analyst team at J.D. Power Valuation Services expected. But the group thinks March performance will fall in line with what the firm typically has seen during the third month of a year. According to the latest installment of Guidelines, March wholesale prices for vehicles […] [Read More]

We conclude our series from the Conference of Automotive Remarketing in Las Vegas with Bill's interview of Ron Hope, the president and chief executive officer of CARS Recon. Their discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest episode in the window below. All […] [Read More]

In many ways, the spin-off of Insurance Auto Auctions that KAR Auction Services is pursuing comes down to simplifying things. That is, for both investors and the entities themselves. KAR made the announcement in late February, explaining that the proposed tax-free spin-off is designed to “increase shareholder value and focus each company’s strategic priorities on […] [Read More]

As you know if you’ve filled out a bracket for the NCAA tournament, basketball teams such as Villanova, Duke and Kentucky will need six victories in a row to claim a national championship. Or a similar streak that Black Book has seen involving wholesale prices of cars versus trucks. The latest Black Book Market Insights […] [Read More]

Manheim announced Wednesday that this summer, it is launching a new and free 24/7 option within the Manheim Marketplace — Manheim Express. The mobile application for dealers provides a fast and easy way to list and sell inventory directly from lots or in-lane. In addition to the new ManheimExpress.com, the Manheim Marketplace, which experienced 58 million […] [Read More]

The NAAA Platinum series launched by Auto Remarketing this month is a collection of stories, podcasts and special sections that revolve around National Auto Auction Association, its partners, members, history and beyond.  The latest installment in that series is a podcast featuring one of the auto auction industry's major partners: AutoIMS.  The company is celebrating its […] [Read More]