Copart announced it recently opened a new location in Alton, Ill., the company’s fifth in Illinois. "The opening of this location in southern Illinois addresses our increasing volume, which has been driven by both organic growth in the industry and market wins," Jay Adair, chief executive officer of Copart, said in a news release. "Furthermore, it […] [Read More]

KAR Auction Services chief economist Tom Kontos looked at January wholesale data and declared that prices “held up surprisingly well.” According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale used vehicle prices in January averaged $10,945 — up 2.8 percent compared to December and up 6.7 percent relative […] [Read More]

Auction technology provider Xcira recently announced that the U.S. Patent and Trademark Office issued the company a new patent that addresses a bidder actively participating in or monitoring multiple simultaneous auction events. The new patent is the company's 12th that is devoted to inventions relating to online bidding, inspection systems, real-time audio and video distribution, and […] [Read More]

The deadline to opt into Auto Remarketing's Auto Auctions to Work For program is Friday.  For individual auction locations to participate, the general manager/leader of that auction needs to opt in at this website by Friday. Here are the details: What is it? A free workplace study for the auto auction industry that will recognize the […] [Read More]

Manheim called it a “good year” for its digital channels after the company reviewed its 2016 performance and found that the average year-over-year growth in each of its Digital Marketplace categories came in at 15 percent or more. Officials said OVE (Manheim’s online wholesale marketplace) reached an all-time 2.5 million vehicle sold since it was […] [Read More]

Dealers Auto Auction of the Southwest (DAASW) recently introduced digital bidder badges that are powered through its mobile app. The independent auction’s new innovative badges are a first in the nation concept, according to Jim DesRochers, former National Auto Auction Association president. “We have always felt that standing in line for a paper badge or in […] [Read More]

All but two of the seats of ServNet's board of directors are filled by next-generation auction owners. First-generation owners Kevin Brown of Missouri Auto Auction and Patty Stanley of Indiana and Carolina Auto Auctions lead the board. “The remaining five seats are filled by owners who have followed their parents into the auction business and […] [Read More]

Southeastern Auto Auction of Savannah announced that it raised more than $4,000 to give Shriners Hospital for Children and hosted its annual “Cars, Cash & Caring Sale” earlier this month. “It was a great day for Shriners Hospital for Children thanks to our generous dealers,” Southeastern Auto Auction vice president Bill McCready said in a […] [Read More]

Subaru of America recently announced the winner of its 2016 Auction of the Year award, which honors auctions for sales effectiveness and service quality. This year’s title went to Manheim Southern California. “A numerical score is calculated at the conclusion of every sale at every location on a monthly basis and the auctions are ranked […] [Read More]

The auction market hasn’t wasted any time carrying over the auction sales volume momentum from 2016, and late-model vehicles are driving that charge. According to the latest Guidelines report from J.D. Power Valuation Services, there was a 17-percent gain in auction sales volume of cars up to 8 years old during the first four weeks of the […] [Read More]