The certified pre-owned market is on pace for yet another record year. In fact, the last three months represented the second-strongest quarter for CPO sales ever, according to Autodata Corp.  And that’s certainly good news for franchised dealers. But the benefits, apparently, go beyond retail. Discussing the record year expected for CPO in his latest […] [Read More]

It wasn’t the first question Auto Remarketing asked Sandy Schwartz in a one-on-one phone interview Thursday afternoon, but it figures to be on the minds of many: What’s next for Cox Automotive? “I’m trying to catch my breath. I want to get a nap this afternoon,” said Schwartz. Given all the projects in which his […] [Read More]

Insurance Auto Auctions recently launched what the company dubbed the IAA Total Loss Solutions, a suite of products that executives highlighted can directly impact the opportunities to improve customer satisfaction and more effectively manage costs during the total loss claims process. The first two product lines the company rolled out are IAA Inspection Services and […] [Read More]

Depreciation was ramping up as we approached October, and a few car segments bared the brunt of recent price declines. And according to the latest Black Book Market Insights report, dealer sentiment across the country continues to focus on slowing buyer demand in the auction lanes. This past week the full-size, compact and entry midsize […] [Read More]

Dent Wizard International announced Tuesday its acquisition of Know How Systems Global (KhS), a provider of high-volume automotive services and repairs to OEMs and insurers. The latter is a St. Louis-based company that features three primary offerings of diversified fleet services, claims management and appraisal services, with operations primarily in the U.S., Canada and Mexico. […] [Read More]

Among the many auction awards presented during the National Auto Auction Association’s 67th annual convention in Orlando earlier this month includes the newest addition to the association’s Hall of Fame. Joining the prestigious group is Jay Cadigan, Manheim’s vice president of industry relations, who began his career four decades ago by working at a car […] [Read More]

Avis Budget Group announced on Tuesday that more than 3,000 dealers have registered to date to participate in Avis Direct, the company's used-vehicle sales program designed exclusively for licensed dealers. Launched in February of last year, Avis Direct is designed to provide dealers with a dedicated website to buy late-model, off-rental vehicles from the Avis, […] [Read More]

Barrett-Jackson finished what the company considered to be one of the strongest years in its history following the eighth annual Las Vegas Auction this past weekend at the Mandalay Bay Resort and Casino in Las Vegas. Barrett-Jackson’s Las Vegas auction enjoyed a 98 percent sell-through rate with sales totaling more than $26.9 million and $750,000 […] [Read More]

More than two years have passed since Copart acquired Salvage Parent, which had conducted business primarily as Quad City Salvage Auction, Crashed Toys and Desert View Auto Auction. During last week’s conference call with the investment community, Copart chief financial officer Will Franklin indicated the company has “cycled completely through the integration pain of the […] [Read More]

Auction volume this year will likely exceed 9 million units and climb 7 percent over 2014 numbers, according to National Auto Auction Association economist Ira Silver. During a presentation at the association’s convention last week in Orlando, Fla., Silver said auction volume should reach 9.3 million units for 2015, followed by 4-percent growth and 9.7 […] [Read More]