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]

SGS recently previewed its new self-inspection mobile application — INSPEC — at the Conference of Automotive Remarketing (CAR) in Las Vegas. The INSPEC app allows the capture of specific data, such as mileage and vehicle modifications ahead of vehicle turn-in and is now being offered as a pilot, hybrid or standalone solution. When a vehicle […] [Read More]

Another major wholesale market index is showing consistency through the first two months of 2018. While the Manheim Used Vehicle Value Index remained unchanged from January to February, the Black Book Used Vehicle Retention Index edged only slightly higher year-over-year. Black Book released its index on Thursday and reported just a slight uptick to 113.3 […] [Read More]

Manheim announced Thursday that its five-year, $10 million-plus investment in four Arizona businesses this year has already brought several enhancements to its physical auction and digital channels in the region. Altogether, Manheim operations in Arizona have touched a combined 8.9 million vehicles annually and cover more than 230 acres. Manheim said the significant investment the […] [Read More]

The Manheim Used Vehicle Value Index certainly is consistent to begin 2018. According to Cox Automotive chief economist Jonathan Smoke, the index reading for February landed exactly where it did in January — 131.0. While the reading showed wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) remained flat month-over-month, the February figure […] [Read More]

KAR Auction Services chairman and chief executive officer Jim Hallett has won the Ed Bobit Industry Icon Award, which is presented by IARA and NAAA.   This honor was announced Tuesday afternoon during the Conference of Automotive Remarketing in Las Vegas. Tim Meta and Tony Long of IARA along with Frank Hackett and Warren Clauss […] [Read More]

Dealers are banking on the hope consumers aren’t using their federal tax refunds any place other than their store to make a vehicle purchase. The latest Black Book Market Insights report showed continued spring season momentum for cars such as sub-compacts and midsize models. And even though compact cars and full-size cars declined, editors emphasized […] [Read More]

Eighteen independent auctions took home honors Monday night in Las Vegas at the ninth annual OVE.com Awards show. OVE recognized top-performing partners in several categories. Both the first-place winner and second-place winner in each respective OVE.com Award category are listed below, in order: Highest Commercial Volume — Southern Auto Auction and Norwalk Auto Auction  Highest Commercial Mix — […] [Read More]