As its parent company, KAR Auction Services, received another accolade, business unit Insurance Auto Auctions announced on Tuesday that its newest salvage auction location in Shady Spring, W.Va., is now open. The newest branch that company leadership says can service three different states is located at 4163 Pluto Road in Shady Spring. Insurance Auto Auctions […] [Read More]

Donlen has announced the winners of its Top Auction Awards, which the company gives annually to recognize its top auction partners that help maintain the company’s level of service in its remarketing program. “The partnership we form with auction partners is a vital component of our remarketing program and its success,” said Dan Powers, the […] [Read More]

ADESA announced recently that one of its locations, ADESA Golden Gate, was named the Auction of the Year for 2014 by VW Credit Inc. based on year-round measurements of key performance indicators. The auction location was also recently honored with LeasePlan’s 2014 Stellar Performance award as well as with General Motors’ Overall Achievement awards for […] [Read More]

KAR Auction Services might not nearly be finished acquiring independent auctions, with chief executive officer Jim Hallett saying there are “five to 10 really good strong independents that we would be very interested in acquiring if the opportunity presented itself.” Back in March, KAR announced that business unit ADESA expanded its presence in Pennsylvania with the […] [Read More]

It turns out prices in the lanes stayed consistent last month, even as April marked the end of tax season and historically the market strength that comes with it. According to Black Book data, the average wholesale prices for vehicles model years 2009 through 2013 went largely unchanged last month. “The fact that we’re looking at […] [Read More]

Auction Broadcasting Co. recently announced a new general manager for its ABC Baton Rouge location. Hired for the position was Colin Chancellor, whose background in the auction business goes back more than 22 years. Chancellor started his auction career in November 1993 working for Stuart Frankenthal, who owned both Louisville and Cincinnati Auto Auctions, as […] [Read More]

Responding to industry demand for vehicle transportation that exceeds carrier availability, ShipCarsNow and Ready Auto Transport have formed an alliance to provide multi-modal car transport services. By combining their truck and rail services, the companies aim to boost carrier capacity and provide transportation efficiencies for Manheim customers in the U.S. as well as other wholesale […] [Read More]

KAR Auction Services reported year-over-year increases in revenue, adjusted EBITDA and net income during the first quarter as each of its three major divisions — ADESA, Insurance Auto Auctions and Automotive Finance Corp. — all registered jumps in gross profit. The company reported Q1 total revenue came in at $632.4 million — an increase of […] [Read More]

The April collectible car market continued strength trends seen earlier this year, and prompted Black Book editors to cite value appreciation in this market area as “astounding.” The collectible cars market is performing well, with exotic cars seeing the highest year-over-year change. The exotic vehicles saw a 38.3-percent year-over-year jump in price this past month, and […] [Read More]

Manheim Louisville is set to host its Cruisin’ for Wishes car show and fundraiser next week, the proceeds of which will benefit Make-A-Wish Ohio, Kentucky and Indiana. Scheduled for May 16, this will be the first year the annual car, truck and bike show will benefit this specific chapter of the Make-A-Wish foundation. “We are honored […] [Read More]