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]

It’s funny how things play out sometimes. When Jim Hallett attended his first National Auto Auction Association convention, he took a shuttle from the airport to the hotel. Riding on that same bus was Larry Brasher, whose father Frank Brasher started what the family has developed into a multi-auction enterprise. A few handfuls of years and […] [Read More]

On Wednesday, the same day ADESA’s agreement to purchase its eight auctions was announced, Brasher’s posted a statement to its website that explained the decision to sell its locations. Additionally, Brasher's provided some detail on the impacts going forward. The company made the decision to sell its eight auctions “after much serious consideration and evaluation of […] [Read More]

After news broke Wednesday that ADESA had signed a definitive agreement to purchase all eight Brasher’s auctions, Auto Remarketing spoke with Pierre Pons, the chief executive officer of ServNet. The Brasher’s family was among the founding members of ServNet, a network of independently owned auctions. ADESA parent company KAR Auction Services said the purchase of the Brasher’s […] [Read More]

ADESA has signed a definitive agreement to purchase the Brasher family’s eight auto auctions. ADESA parent company KAR Auction Services, which announced the agreement Wednesday afternoon, said the purchase would be a $283 million (approximately) cash deal. The transaction must meet customary conditions, including the expiration or termination of the Hart-Scott-Rodino waiting period, before it closes. […] [Read More]

The Sparkling City Auto Auctions have announced that both of its auction locations will be renamed on Monday.  They are currently the Sparkling City Auto Auction of Corpus Christi and the Sparkling City Auto Auction of San Antonio, respectively. They will be renamed to the Corpus Christi Auto Auction and the San Antonio Auto Auction. “When we purchased the auction […] [Read More]

Manheim North America announced Wednesday the appointment of a new senior vice president of client experience. Taking on the role effective March 1 is Doug Keim, who will be responsible for developing and executing initiatives designed to improve dealer and commercial client satisfaction and profitability. Keim will report to Janet Barnard, Manheim North America’s president. […] [Read More]

Prices in the lanes are holding stable as dealers buy up inventory in preparation for tax refunds to start pouring into potential customers’ bank accounts. Price depreciation at auction last week was very slight, according to the latest Black Book Market Insights report. Car prices dropped by just 0.19 percent or $19, according to Black […] [Read More]