National Auto Auction Association members responding to the trade group’s annual survey reported $90.6 billion in sales in 2015, an increase of nearly 11 percent over the prior year. The number of units sold, 9.2 million, was an increase of 6.5 percent, while the number of vehicles entering auction rose by 5.7 percent, coming in […] [Read More]

KAR Auction Services named a new vice president of investor relations and treasurer on Monday, appointing Mike Eliason to the role. Eliason has been with KAR since 2003, when he joined as a controller for ADESA Impact. He was most recently KAR’s vice president of financial planning and analysis.   Before KAR, he held various business […] [Read More]

With the weather starting to warm up in most places throughout the country, Kelley Blue Book’s latest used-vehicle value analysis showed how units often connected with summertime activities are outperforming all others. Along with sharing the top 10 specific models posting the greatest year-over-year changes in value, the Blue Book Market Report for the first […] [Read More]

Change has been good for auction owner Wade Walker and his wholesale operation along the Gulf Coast. With a new name and a new general manager at the helm, the Walker Group’s Corpus Christi Auto Auction has recorded steady increases in consignment and sales since the beginning of the year. When 2016 began, Walker named […] [Read More]

Reinforcing its commitment to bring the remarketing industry together, AutoIMS on Thursday announced an expansion of its client services team through the hiring of an industry veteran and the naming of a new vice president. Joining the AutoIMS staff as Director of Client Support after 20 years of service leadership most recently with AutoVIN and […] [Read More]

Manheim declared on Thursday that wholesale inventory management just became a whole lot more convenient with a pair of enhancement to its digital offerings. With the introduction of OVE Text Notifications, dealers can fully negotiate transactions via text. Buyers and sellers are now able to accept, decline or counter an offer by text message, in […] [Read More]

ADESA said Wednesday it has named Jason Ferreri executive vice president of online services in the U.S. Ferreri has been with the company since 2004 and his most recent role was as senior vice president of commercial sales for ADESA. In the new position, he will report to ADESA president and chief executive officer Stéphane […] [Read More]

Despite some slight surges in pricing last week, Black Book shared new data this week that shows additional truck segments may be feeling more pricing pressure, resulting in many trucks holding their values less than they have in previous years. Year to date, Black Book indicated all truck segments have performed worse in comparison to […] [Read More]

On Wednesday, General Motors Financial highlighted the winners of its nationwide Auction of Excellence program. This year marks the first time GM Financial has recognized two winners — one for open and one for closed sale performance. Recipients were chosen after reviewing each of the company’s 46 auction partners’ performances in customer service, marketing promotions, pre-sale […] [Read More]

The National Auto Auction Association is now providing its member auctions with free courses on Auction Safety Certification and Lane Safety Training. NAAA added the safety series, which includes video courses, to its website on Monday. It is designed to promote safety awareness and prevent accidents. The courses are based on a two-tiered system for […] [Read More]