Manheim has created a new position that will have responsibility for auction operations, digital services, vehicle solutions and product management. Named to this the newly created post of senior vice president of inventory services is Grace Huang, who had been vice president of enterprise product planning for Manheim parent Cox Automotive. Huang reports to Manheim […] [Read More]

Along with announcing a case study on the benefits of OVE.com, Manheim also reported a collection of enhancements to the product, which aim to “refine” customers’ performance and digital experience. First up, the company revealed seller ratings on the site now aggregate data from a trio of sources, a move Manheim explained will “give buyers […] [Read More]

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]