Manheim recently announced that it has named Peter Grupposo vice president of dealer sales and selected Holly Capps to fill Grupposo’s former role as vice president of inventory solutions commercial and wholesale sales. Both Grupposo and Capps will report to Manheim senior vice president of sales Tim McKinley and assume their new roles on June 1. Grupposo most […] [Read More]

Manheim Pennsylvania will host over 100 auctioneers who are set to face-off in the 2017 World Automobile Auctioneers Championship (WAAC), which will showcase auctioneers competing for $12,500 in prize money as well as the title of the best auctioneer, best ringperson and best two-person team. “It’s our privilege to sponsor this year’s event and celebrate […] [Read More]

Hourglass Management Corporation (HMC) recently announced that its chief executive officer, Ron Shoemaker, will transition to board chairman. His son, Chad Shoemaker, who joined the company in 2009 and has served as president since 2011, will assume the role of chief executive officer. “It is a great pleasure that we announce the promotion of Chad […] [Read More]

Manheim Dallas-Fort Worth recently announced that due to continued growth in specialty sales, it has invested in a 3,000-square-foot specialty building in order to meet growing dealer demand. The new facility is located across the street from the auctions wholesale vehicle operation and will have its own staff that will serve dealers in two sales lanes, according […] [Read More]

Those worried about a potential crash in used-car prices, take heart. For now. One of the indices measuring wholesale vehicle values has seen its first increase in 27 months. While the April reading of Black Book’s Used Vehicle Retention Index (113.1) was just a hair above March’s (113.0), it’s at least a temporary pause to […] [Read More]

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]

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 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]

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]

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]