This year’s annual conference partnership between the National Remarketing Conference and the NAAA Convention was a great example of a forward-thinking combination of two very strong brands. As Dan Kennedy (formerly of GM, now with Jack Cooper Logistics), Mike Broe (formerly of Manheim and now president of AutoIMS), my wife and I sat at the […] [Read More]

Manheim has been investing $17 million to develop its retail reconditioning solution's proprietary technology platform and build new facilities, while upgrading existing ones. In a news release, Manheim explained that its retail reconditioning solution is designed to help dealers increase efficiency and save time via offerings that include a 140-point retail inspection, mechanical and body reconditioning, detailing, merchandising, storage […] [Read More]

Be it a car or truck, Black Book saw both general vehicle segments depreciating at almost the same rate as auctions and dealers celebrated Thanksgiving. According to this week’s Black Book Market Insights report, editors determined sporty cars and compact vans saw the most depreciation out of both segments, dropping by 0.82 percent and 1.31 […] [Read More]

Manheim has announced a 100-percent sales rate following the exclusive off-site auction for Citroen its Nevada team recently held in Las Vegas in collaboration with Manheim Online in the U.K. The Las Vegas auction follows the successful unique off-site sale Manheim and Citroen held 'at sea' last year on No Man’s Fort, a 150-year-old facility […] [Read More]

No matter which way the analysts at RVI Group looked at October wholesale prices, they noticed increases versus September’s readings as well as from year-ago figures. The RVI Used Vehicle Price Index (Real) increased from September to October by 2.0 percent. When compared to October of last year, prices rose by 1.1 percent. The firm’s Used Vehicle […] [Read More]

Cox Automotive has a new chief financial officer. Starting Monday, Mark Bowser will be executive vice president and CFO, while also heading up the finance and strategy teams, NextGear Capital and other corporate functions. Bowser has been with parent company Cox Enterprises since 2006 and most recently was CFO with Cox Communications. “I have seen […] [Read More]

Kelly McAllister, who is the director of digital business at XLerate Group Auctions, has been appointed to the new product advisory board at OVE, the auction group said Monday. OVE launched this five-member independent auction advisory board this year to complement and help build various product enhancements it was launching. McAllister was recognized by OVE […] [Read More]

There was a slide in late-model auction volume during October, but through 10 months of 2017, the numbers remain ahead of year-ago figures. That’s according to the latest Guidelines report from J.D. Power Valuation Services. The report indicates there was a 2.1-percent month-over-month slide in late-model auction volume during the month. Compared to a year […] [Read More]

Along with recapping what happened in October, the analyst team at J.D. Power Valuation Services projected how wholesale price trends might land in November. Analysts didn’t just photocopy their reports for the November issue of Guidelines, but the figures certainly were similar. J.D. Power Valuation Services is expecting wholesale prices for vehicles up to 8 […] [Read More]

A company that had spent close to five years working on a logistics management tool designed to meet the vehicle remarketing needs of charities is now offering its services to auto auctions, as well.  AudoServ, which is a donation remarketer, partnered with Auction Edge and AutoIMS and added 180 independent auctions to its platform. The company […] [Read More]