Wholesale
Update on fatal crash at Lynnway Auto Auction
Wednesday, May. 3, 2017, 06:43 PM
Joe Overby, Senior Editor
A fatal vehicle crash occurred at Lynnway Auto Auction in Billerica, Mass., on Wednesday morning. In a statement released Wednesday evening by the office of Middlesex District Attorney Marian Ryan, officials confirmed that three people died from a collision at the auction. Nine were hospitalized. At the time of another news release from the DA's […] [Read More]
COMMENTARY: Teapot in the tempest
Wednesday, May. 3, 2017, 05:37 PM
Jim DesRochers , Guest Contributor
What's it like being a leading edge subprime auction in a huge metropolitan market surrounded by the ongoing tempest of chain auction leaders? It's like being a teapot that needs to continually brew innovation, creativity and, basically, a solid consistent blend to keep the tempest at bay. Someone asked me recently how we survive and, […] [Read More]
RMS & Manheim offer dealers early access to off-lease inventory
Monday, May. 1, 2017, 04:32 PM
Auto Remarketing Staff
RMS Automotive announced on Monday that it has collaborated with Manheim to provide a new co-listing solution that allows dealers to source manufacturers’ premium off-lease and off-program vehicles before they reach the auction block. All open-sale vehicles listed on manufacturers’ digital sales platforms powered by RMS are now simultaneously offered on Manheim.com and OVE, according to […] [Read More]
ClearVin adds NADA Values to vehicle history reports
Monday, May. 1, 2017, 04:05 PM
Auto Remarketing Staff
Vehicle history report provider ClearVin announced on Monday that it has collaborated with J.D. Power Valuation Services — formerly known as NADA Used Car Guide — to now deliver NADA Values data to its client base of dealers and wholesalers who buy and sell used vehicles using its product. "With NADA Values, our customers can […] [Read More]
New CEO for Cox Automotive parent in 2018
Wednesday, Apr. 26, 2017, 06:20 PM
Auto Remarketing Staff
Cox Enterprises, parent company to Cox Automotive, announced that Alexander Taylor will succeed John Dyer as president and chief executive officer on Jan. 1. Taylor, who is currently executive vice president and chief operating officer of Cox Enterprises, oversees the Cox Communications, Cox Automotive and Cox Media Group branches and the company’s long-term growth and […] [Read More]
Auction Academy’s largest class finishes Q1 sessions
Wednesday, Apr. 26, 2017, 04:47 PM
Auto Remarketing Staff
Auction Academy recently announced that its fifth class group has completed its first two sessions of the year, following two days of training, a seminar on selling vehicles online, and two field trips, The continuing education program for auto auction industry professionals welcomed its newest class group for its first day of training on April 6 […] [Read More]
Manheim sets 3 conservation goals for 2017
Wednesday, Apr. 26, 2017, 04:00 PM
Auto Remarketing Staff
In celebration of Earth Month, Manheim announced the following three sustainability goals for the year: offsetting carbon emissions by 3,000 tons at its facilities, saving 2.5 million gallons of water and achieving zero waste to landfill at one site. “Conservation is a big part of Manheim’s culture, fueled by the ongoing commitment to sustainability that […] [Read More]
Another spring sign: Compact-car performance
Tuesday, Apr. 25, 2017, 07:49 PM
Auto Remarketing Staff
OK, OK, OK. Want a sure sign the spring market is blooming in the auction lanes? Perhaps, here it is. The latest Black Book Market Insights report indicated compact cars performed the best out of all vehicle segments. On the other hand, editors noticed full-size vans saw the largest depreciation, dropping 0.38 percent in value […] [Read More]
Roundup: Auction anniversary, fundraising & sales
Monday, Apr. 24, 2017, 05:49 PM
Auto Remarketing Staff
Greater Kalamazoo Auto Auction, an XLerate Group auction, will celebrate its 41st year anniversary on Thursday with a special sale. In honor of its anniversary, GKAA said it will award more than a total of $15,000 in cash and prizes to a number of potential dealer customers who attend the sale this week. Each Thursday, the […] [Read More]
JMN fills new transportation manager position
Monday, Apr. 24, 2017, 01:50 PM
Auto Remarketing Staff
JMN Transportation recently announced that as a result of increased growth, the company created a transportation manager position that has been filled by Alex Vedder, who transitioned from his previous role as regional manager of JMN’s Georgia locations. In his new role as transportation manager, Vedder will be tasked with overseeing the operational and financial […] [Read More]
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