The ServNet auction group has a new president for the next two years: Eric Autenrieth, who is general manager of Carolina Auto Auction and owner of Indiana Auto Auction. This is part of a planned leadership transition and was confirmed by the owners of the group’s member auctions during their semi-annual business meeting last month. […] [Read More]

For dealers who have units that just won’t turn, Manheim rolled out another solution on Thursday to solve that problem. To offer dealers more ways to meet their buying and selling needs on their terms, Manheim launched a new OVE “Dealer Direct Event” sales channel.  With this offering, dealers can host digital event sales using […] [Read More]

Liquid Motors has entered a new partnership that will combine its auto marketing and remarketing solutions with WeGoLook’s on-demand, in-person auto condition inspections and reports. The companies are currently completing the final phases of integration and expect to launch their collaborative solution by the first quarter of next year, Liquid Motors said in a news […] [Read More]

Make it six months in a row that the Manheim Used Vehicle Value Index has set a new record high. Cox Automotive reported this week that wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 1.02 percent month-over-month in October. This rise pushed the index reading to 136.3, which was a record high for […] [Read More]

Warren Clauss knows first-hand that auction industry jobs can lead to dynamic careers. The former certified public accountant snagged the controller job at the Auto Dealers Exchange Buffalo, in Akron, N.Y. — then owned by ADESA founder Mike Hockett, who went on to found Auction Broadcasting Co. — when the site opened in 1992. Two […] [Read More]

Whether it’s just a momentary slowdown or the sign of a longer-term dealer trend, Black Book watched vehicle depreciation slightly intensify as store managers opted not to load up on potential inventory coming through the auction. The latest Black Book Market Insights report shows both car and truck segments decreasing more in value than usual. […] [Read More]

Entrepreneur George Chamoun is driven by his desire to change the wholesale industry via technology as head of ACV Auctions. After graduating from the University at Buffalo in 1997, the North Syracuse, N.Y., native would go on to launch technology and services company Synacor with his college roommate Darren Ascone, a year later. Chamoun, an […] [Read More]

During the President’s Gala held during next week’s NAAA Annual Convention festivities in the second block of Used Car Week, there will be a new fundraiser (Chapter Charity Auction) to benefit five charities. The Gala itself is on Nov. 16 from 7 p.m. (PT)  to 9 p.m. In addition to identifying the four charities to support, each […] [Read More]

Black Book sees two elements coming together to prop up used-vehicle prices and, in turn, push its Used Vehicle Retention Index higher for the second month in a row. Black Book recently released its October index and noticed an increase of 0.6 percent month-over-month from 113.9 to 114.6. It’s the second straight monthly increase dating back […] [Read More]

Manheim recently announced it has appointed Noel Kitsch as general manager of Manheim Georgia and Joey Satfield as general manager of Manheim Fort Myers.   Kitsch most recently served as senior assistant general manager at Manheim Central Florida. He joined Manheim in 2001 as a dealer sales representative before taking on various roles with increasing […] [Read More]