Auction values for used 1- to 3-year-old vehicles declined 3.6 percent, or about $671, in the second quarter, according to analysts at Kelley Blue Book. The average used-car value at the end of the second quarter finished just 1.5 percent, or $272, lower than it did at this time last year. Year to date, the average […] [Read More]

Two ServNet members — Bel Air Auto Auction and DAA Seattle — each highlighted new developments happening at their operations this summer. BSC America president R. Charles Nichols announced that industry veteran Tommy Rogers has joined Bel Air Auto Auction as general manager of its Clayton Station Auction Center. As part of the BSC America management […] [Read More]

A record 9.7 million vehicles will likely be sold at auction this year, with 10 million sales expected next year, according to National Auto Auction Association chief economist Ira Silver. The previous record (9.6 million) was set in 2004. “What’s the major driver there is the commercial consignment,” Silver said during a webinar Thursday. “Because dealer consignment […] [Read More]

Alliance Inspection Management (AiM), a national independent third-party inspection company, has hired Scott Reedus as the national sales director for major dealer group accounts. Reedus will lead and oversee AiM’s sales growth and retention within major dealer groups, focusing on developing and fostering relationships with current and potential clients to maintain and grow revenue in […] [Read More]

AuctionACCESS continued to expand its floor plan platform by successfully integrating with Manheim, according to an announcement distributed this week. Officials highlighted this integration will enable participating finance companies to centralize and automate the transmission of credit availability to Manheim locations through AuctionACCESS. In addition, Manheim auctions can electronically transmit floor plan loan originations to […] [Read More]

As part of its commitment to support local community efforts, Manheim Pennsylvania Auto Auction this weekend will once again host Be Responsible and Keep Everyone Safe (B.R.A.K.E.S.), a safe driving course geared toward teens. Auction management highlighted that two four-hour sessions featuring hands-on defensive driving education for nearly 160 teens throughout Lancaster County will be […] [Read More]

In addition to opening a new Retail Solutions Center in the Detroit area, Manheim has bulked up staffing on its inventory solutions team with two new vice presidents. Derek Hansen was named vice president of Digital Inventory Solutions — earning a promotion from an interim post to which he was named in January — while Angela Babin […] [Read More]

Insurance Auto Auctions Inc., a business unit of KAR Auction Services with more than 170 locations throughout North America, announced the expansion and improvement of three of its facilities in Texas. An expansion at IAA Corpus Christi brought the facility to about 12 acres. This location, which became officially operational as of May 1, was […] [Read More]

Dent Wizard International, a provider of automotive reconditioning and SMART (Small to Medium Area Repair Techniques) repairs, recently appointed Paul Spears as regional operations director for the company’s Mid-South region. Spears will be responsible for leading Dent Wizard’s safety and compliance efforts, as well as providing additional operational support for the company’s paint shops and […] [Read More]

While wholesale prices seem to be moving at a “normal rate,” Black Book representatives in the lanes this past week noticed dealers didn’t come to auction as much as summertime heat became entrenched from coast to coast. This week’s Black Book Market Insights report relayed the sentiment from Missouri that indicated, “Consignment and attendance were […] [Read More]