Fueled by a double-digit jump in pickup prices, Manheim noticed wholesale prices (on a mix-, mileage- and seasonally adjusted basis) increased for the third consecutive month in August. As a result of five of the six major vehicle segments moving higher, the Manheim Used Vehicle Value Index moved up to a reading of 124.3, representing […] [Read More]

For consignors, there is certainly some strategy involved when it comes to balancing which cars are sent to physical auctions or sold online, which ones are offered directly to dealers, and so forth. We asked John Mathiowetz — an honoree in our inaugural Remarketing and Used-Car Industry's 40 Under 40 and the manager of regional car […] [Read More]

Jenifer Eggert, vice president of digital services at Manheim, has been exploring the digital possibilities for car sales since first joining Autotrader.com over a decade ago. Eggert, who is one of the Remarketing and Used-Car Industry's 40 Under 40, is now responsible for overseeing wholesale digital strategy and execution at Manheim and its parent Cox Automotive. […] [Read More]

As vehicle quality and durability has increased over the years, a recent study shows these factors and more are leading to stronger used-vehicle prices. The latest report from the Used Car Guide division of J.D. Power focuses on how improving quality is having an impact on how new cars are bought and sold as used […] [Read More]

The Southeastern Auto Auction celebrated its anniversary last week, recognizing 19 years of operation in its Savannah, Ga., location. SEAA’s 19th Anniversary Sale featured a large consignment of vehicles from a variety of consignors, including new-car dealers, independent dealers and institutional accounts. According to the auction, it had a record-breaking number of dealers involved, both […] [Read More]

KAR Auction Services has appointed a new vice president and associate general counsel. Formerly a partner and chair of the business practice group at Indianapolis’ Krieg DeVault, Chuck Coleman takes the reigns for KAR as its newest vice president, associate general counsel and assistant secretary to its legal team. Coleman will be responsible for organizing […] [Read More]

As we head into the last weeks of summer, auction price movement is all over the board with wide variation among segments. But according to the latest Black Book Market Insights report, remarketing activity has continued a “steady pace” as the season winds down. In fact, Black Book editors heard many dealers last week talking […] [Read More]

I pressed “send” on the email to notify recipients of the inaugural “Remarketing & Used-Car Industry’s 40 Under 40.” It wasn’t even five minutes later that I got the first response back. Then another. And another, and another. It went on like that for a while. As a magazine editor, this was awesome; folks in […] [Read More]

Copart recently announced the winners of its second annual Copart Rebuild Challenge, whose participants were tasked with showing how they restored, customized or rebuilt a vehicle. Automotive enthusiasts and rebuilders from across the country submitted their rebuild projects, aiming for the $2,000 grand prize. After narrowing down the submissions to the top 10, thousands of […] [Read More]

Insurance Auto Auctions announced on Monday that Tim O’Day will join the KAR Auction Services business unit as senior vice president of finance reporting to John Kett, chief executive officer and president.   With almost 30 years of experience in finance, operations and general management, IAA highlighted O’Day has a combination of big-company, start-up and high-growth […] [Read More]