Greg Levi is returning to Columbus Fair Auto Auction as a member of its leadership team. It was announced today that Levi has been chosen as the auction’s new chief operating officer. CFAA management explained Levi will be directing the business’s growth of its 11-lane Wednesday sales, and will be in charge of managing the […] [Read More]

A new era for how the wholesale industry will gather annually for its largest event is just a year away from dawning. The National Auto Auction Association is gathering for its annual convention this week in Orlando, Fla. But next year, the event will be a part of the National Remarketing Conference during Used Car Week […] [Read More]

If you look at the cars sold via Auction Edge, more than 93 include a photograph. Meanwhile, roughly 63 percent include a condition report. That gap shown in these statistics — provided during an Auction Edge presentation at the Digital Managers Session of the Auction Academy near Chicago this summer — doesn’t necessarily mean, however, […] [Read More]

It is late summer 1995 in New York. Meeting in the singles finals of the U.S Open tennis tournament are, arguably, some of the generation’s greatest stars: Pete Sampras beating Andre Agassi in the men’s final, Steffi Graf defeating Monica Seles in the women’s. What, you might ask, does that have to do with remarketing? […] [Read More]

Say you’re a consignor and you have run a vehicle through the auction lane, and it doesn’t sell. According to a new white paper released today by Manheim, if you post that no-sale car on the company’s OVE platform instead of re-running it through the auction lane, it is likely to generate a higher percentage […] [Read More]

Almost 20 years ago to the day, State Line Auto Auction hosted a sale that is said to be the first time a car was sold via simulcast. Two decades later, almost 14 percent of auction sales are simulcast, according to the 2014 NAAA Annual Review. More than 4 percent are online-only, the same report […] [Read More]

After 25-plus years as an auction general manager, one thing never changes, and that is the ongoing discussion of lane location and run position. In 1995, Manheim honored me with a “Big Idea Award” for creating an incremental cost factor for “perceived” better run placement that I labeled “Prime Time.” Has life changed in 20 […] [Read More]

Avis Budget Group announced upcoming executive shifts within the company, including a new addition to the company’s board of directors and a succession plan for the role of chief executive officer. Effective Oct. 1, Larry D. De Shon, will become Avis Budget's president and chief operating officer as well as become an official member of the company’s […] [Read More]

Automotive reconditioning company Dent Wizard International has promoted a new regional business development manager in the Mid-South area. Announced Wednesday, Scott Stoner has been added to the company’s team as its Mid-South regional business development manager, and will work from his office in St. Louis. Stoner will be responsible for managing and expanding Dent Wizard’s […] [Read More]

Last week in the lanes didn’t bring any surprises as far as price movement was concerned. According to the latest Black Book Market Report, auctions saw relatively stable declines in values across the vehicle segments the company tracks. Overall, car prices dropped by an average of 0.42 percent or $47, while trucks saw a similar […] [Read More]