John Brasher was only 14 when his grandfather and family business patriarch — who shared his first name, but went by Frank — passed away in 1986. But his grandfather’s reputation in the business provided more than a wealth of stories for John Brasher, who shared a few of these with Auto Remarketing last month, […] [Read More]

Though depreciation had slowed a bit at the start of the year, wholesale depreciation is now continuing at a steady pace, and the industry isn’t seeing much of the usual tax season strength. This is true especially for some of the smaller car segments, which are seeing significant price drops. According to the latest Black […] [Read More]

Insurance Auto Auctions recently announced the grand opening of its IAA Louisville North location in Eminence, Ky. The new location officially opened on Feb. 22, featuring a ribbon cutting ceremony and selling more than 150 vehicles, including a 2013 Rolls-Royce Ghost that sold for $93,000. “The IAA Louisville North facility will expand the company’s presence […] [Read More]

LeasePlan USA recently announced the hiring of a new region sales vice president of national accounts. Bringing over 15 years of fleet industry experience to the position is Melissa Cook, who most recently served as the district sales manager for Supreme Corporation. In the new position, Cook will be serving the Northwest and Midwest regions, […] [Read More]

Central Auto Auction will have completed its 10th year of operation this month, having opened its doors on Feb. 28, 2006. The auction, which currently offers roughly 400 vehicles per week via its three lanes (with a fourth on the way), hosts about 200 bidders each week. Peter Saldamarco, the auction’s founder and president, reflected on the […] [Read More]

Remarketing of America announced the recipient of its second annual national auction of the year honor, known as the ROA BlueAward. Based on a ranking of auctions in several key performance areas, this year’s ROA BlueAward winner is Manheim New Mexico. “We are pleased to present the Manheim New Mexico auction house with the ROA BlueAward, […] [Read More]

Last week in the lanes brought continued strength in the majority of the car segments, save for one: the subcompact cars. And among the trucks, the full-size pickups experienced some softness this past week. Although the subcompact car segment had been recovering a bit from 2015 lows, it experienced a significant price decline last week, […] [Read More]

Manheim will be opening its third location in Ohio early next month, the auction company said Tuesday morning. Manheim Cleveland will hold its first sale on March 2 at 9:30 a.m. It is located at 4720 Brookpark Road in Cleveland. The auction previously at this location was a former independent known as Brookpark Auction that operated […] [Read More]

There’s a term that Tom Kontos had for January’s wholesale market that he doesn’t often get to chance to use. And hey, let’s admit it, the word is actually kind of fun to say. “Bifurcated.” For those without Dictionary.com saved on your browser, the adjective form of the word means “divided into two branches,” according […] [Read More]

KAR Auction Services appears confident that its flow of General Motors vehicles and wholesale activity with the automaker won’t just disappear suddenly now that OEM rolled out a program that offers U.S. consumers online access to an exclusive inventory of low-mileage former company-owned, off-lease and daily rental vehicles. Coming off a year where net income […] [Read More]