Here’s a statistic from Mercedes-Benz Financial Services to consider when thinking about how times have changed in the wholesale market. The fourth quarter of 2014 marked the first time that Mercedes-Benz Financial sales through its MBonDemand online wholesale portal have exceeded its sales in the auction lanes, said Sherry Keltner, the manager of online sales […] [Read More]

The Greater Rockford Auto Auction announced recently that it has hired a new national sales manager. Formerly the general manager of Manheim New Mexico, John Smith takes on the new role along with the responsibilities of overseeing sales and marketing efforts at the auction. Smith has 22 years of auction experience, now coming back to […] [Read More]

The Dealers Auto Auction of Oklahoma City held its first of several March Madness themed sales, which was also celebrated in conjunction with its 28th anniversary, this past Thursday. Its second sale following the theme will be held on Thursday of this week. “At our sales on March 12 and 19, our customers can participate […] [Read More]

When the cross-bidding capability within the multiplatform wholesale environment comes to fruition, said ARI’s Bob Graham, it will mark the most significant innovation since the Internet in terms of impact to the remarketing industry. “Cross-bidding among platforms will exponentially increase the opportunity for a seller to sell their vehicle faster and for a higher sales […] [Read More]

The multiplatform system initiative is not only the hottest topic in the remarketing industry right now, but it’s also perhaps the most complex, with an onion’s worth of layers involving handfuls of providers, players, participants and perspectives. Auto Remarketing has been following this story closely and sought out several directly involved and others willing to […] [Read More]

The International Automotive Remarketers Alliance has issued its own statement on the multiplatform system initiative, providing the following to Auto Remarketing shortly before 11:20 a.m. (EST) Thursday morning: “In light of recent announcements, the Executive Committee of IARA has issued a statement to reinforce its position on MPS. The International Automotive Remarketers Alliance is committed to […] [Read More]

In the latest development surrounding the remarketing industry’s multiplatform system initiative (MPS), Manheim and several other industry participants filed a request Thursday morning with the U.S. Department of Justice. The filing, Manheim said in its announcement, requests confirmation from DOJ that MPS complies with antitrust laws. Beyond Manheim, industry participants include: — Independent digital auction […] [Read More]

Brasher’s Sacramento Auto Auction announced it is “rolling out the red carpet” for its 37th Anniversary Celebration on March 23 and March 24. The event festivities will include a customer dinner, live entertainment and two days of auctions featuring 3,000 vehicles. The anniversary event will begin with “Brasher’s Live!” when the auction will entertain customers […] [Read More]

Manheim Fort Lauderdale will host its grand reopening sale this Friday to mark the completion of renovations to its facilities. The project, which included renovations of both the interior and exterior of the auction, included a remodel of all 10 sales lanes, the construction of a new technology center for dealers, a full overhaul of […] [Read More]

Wholesale prices last month softened 0.3 percent from January, but still beat year-ago levels by more than 3 percent. The reason, says ADESA’s Tom Kontos, has a lot to do with the supply of off-rental program/factory vehicles. Specifically, the latest Kontos Kommentary report put out by ADESA Analytical Services indicates that the average wholesale price […] [Read More]