At 78 auction locations, Manheim has invested $400 million to bring its dealer clients simpler transactions and processes. The auction company announced Monday that, with these upgrades, dealers now have access to tools and self-service options for their businesses that are designed to help them work more efficiently and make smarter decisions. “The whole heartbeat of what we were doing […] [Read More]

The National Auto Auction Association (NAAA) has invited auctions to take part in this year’s NAAA Auction of the Year Award for Excellence for Community Service contest. Auctions can now nominate themselves or auction group members for honorable volunteer efforts easily from NAAA’s website. In addition to winning $25,000 to gifted to any charity of choice, […] [Read More]

Prior to being acquired by KAR Auction Services 14 months ago, DRIVIN was largely focused on the dealer side of the market and the downstream piece of wholesale — or “wholetail,” as co-founder Kayne Grau put it. At that time, the young Chicago-based company was geared toward using data to aid dealers in vehicle selection and optimizing […] [Read More]

The experts at Black Book and J.D. Power Valuation Services are seeing a wide array of factors ranging the juncture of the calendar to fuel costs to volume in the lanes all impacting their forecasts and most recent wholesale price recaps. Before looking at what happened at last month as well as last week throughout […] [Read More]

Though it is currently a bit softer than year-ago figures, overall auction volume should exceed 2017 levels “soon,” according to the latest Guidelines report from J.D. Power Valuation Services. The report released this week is updated through the year’s first five months. It found that overall auction volume is down 0.7 percent. However, that could […] [Read More]

Students in the Auction Academy's fifth class are done with half of this year’s training and development agenda for the two-year program, having already attended multiple sessions in Dallas and Birmingham, Ala., this year. In addition to beginning Certified Automotive Remarketer certification training last month, Auction Academy students got an opportunity to visit America’s Birmingham Auto Auction and ADESA Birmingham. […] [Read More]

Amid a backdrop of companies in the wholesale automotive space investing in mobility, Manheim opened a 20,000-square-foot Retail Reconditioning facility at its San Francisco Bay location on Wednesday that will serve new vehicle mobility providers, along with the auction company’s more traditional customer base of dealers and commercial consignors. The $500,000 facility is part of a […] [Read More]

DAA Seattle has appointed a new assistant general manager with human resources experience, the company announced Monday. Chosen for the position is Brian McConkey, who joined the auction in 2013. Prior to joining DAA Seattle, McConkey spent time at Nordstrom, where he worked in corporate human resources at the company’s downtown Seattle flagship store. Furthermore, […] [Read More]

Temperatures are rising nationwide with the first official day of summer coming soon, but prices on certain cars and trucks keep dropping noticeably as auctions and dealers enter the summer months. However this week’s Black Book Market Insights report indicated a few segments, such as sporty cars and compact vans, have remained strong during the […] [Read More]

ARI recently honored five of its best-performing auction partners based on scorecard metrics such as days to sell, days to write a condition report, days to fund and days to pick up. ARI added that the company changed its scorecard format by sending to auctions monthly and added a new metric for days to remove […] [Read More]