Auction Management Solutions continued to add to its roster of clients as the firm announced it has partnered with Dealers Auto Auction of Idaho, in Nampa, Idaho, for business development consulting.   Adding this location brings the group to 12 total clients, who also include: —Columbus Fair Auto Auction —Greater Quad City Auto Auction —Rochester Syracuse […] [Read More]

A decade-and-a-half ago, some folks were averse to using the Internet in the auction business, Pierre Pons said during an Auction Academy event in September. But the industry has come around by leaps and bounds. After all, the Internet isn’t going to disappear. And, frankly, neither is the importance of compliance in the auction business. […] [Read More]

There were 3.48 million vehicles (up to 8 years of age) sold at auction in the first three quarters of the year, according to the latest Guidelines report from NADA Used Car Guide. That’s a 7-percent increase from 2015, and one group that has seen a particularly significant volume spike has been 2013 model-year vehicles. […] [Read More]

NADA Used Car Guide’s seasonally adjusted used-vehicle price index fell by 1 percent in September, bringing it to its lowest level since March 2011, according to its latest Guidelines report.  Here’s what happened last month: Wholesale prices of vehicles up to 8 years old fell by 3.6 percent. While in line with predictions, it was the […] [Read More]

ServNet has a new member. Joining the independent auction group is Louisiana’s 1st Choice Auto Auction, which opened back in 2002.   “We welcome Louisiana’s 1st Choice Auto Auction as the newest member of the ServNet Auction group,” ServNet president Kevin Brown said in a news release.  “The auction is highly regarded in the industry, […] [Read More]

Manheim is amid a three-year, $4.6 million investment in its three Chicago-area auctions, the company said Thursday. The upgrades to the auctions — Manheim Chicago, Manheim Arena Illinois and Manheim Milwaukee, which are located within 100 miles of one another — run the gamut from a new Retail Advantage facility  and increased lane capacity, to […] [Read More]

If dealers noticed they were paying about the same figure for a vehicle in September as they did in August, the latest data from ADESA Analytical Services indicated that was, in fact, the case. According to ADESA’s monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale used vehicle prices in September averaged $10,734, […] [Read More]

With a host of rivers in places such as North Carolina cresting at record levels, Hurricane Matthew has floodwaters rising throughout the Southeast, wreaking havoc in communities, damaging homes, businesses and vehicles. With the American Red Cross’ previous announcement that the this year’s flooding in Louisiana was the worst U.S. disaster since Hurricane Sandy in […] [Read More]

Soon, Doug Hadden says, the wholesale vehicle market will transition from the majority of cars being sold in the auction to most being sold online. Hadden, who is the director of strategic dealer sales and services at ADESA, was speaking to dealers at a breakout session during the DealerSocket User Summit in early October. It […] [Read More]

ADESA has announced changes to its management teams in Houston; Memphis, Tenn.; Seattle; and Tulsa, Okla.; effective immediately. Michael Schenks, who was general manager at ADESA Memphis, now has the same role ADESA Houston. Ron Schritenthal, previously assistant general manager at ADESA Memphis, has been promoted to general manager of that location. Dan Watt, who was assistant general manager […] [Read More]