As part of the Ford Auction Service Award Program, facilities operated by ADESA, Brasher’s and Manheim all recently earned accolades from Blue Oval remarketing officials. Manheim collected the most honors as operating locations in Chicago, Manheim, Pa., New York and St. Louis were selected as recipients of a 2014 Ford Auction Recognition Award. As part […] [Read More]

Used-price drops slowed as last year closed out, and February is off to a mild start when it comes to depreciation. Signs of tax season are also starting to rear their head. According to the latest Guidelines report from NADA Used Car Guide, used-vehicle prices are expected to rise by 1 percent to 1.5 percent […] [Read More]

Vehicle transport companies deal with numerous clients that purchase or sell vehicles at auctions and request help with shipping. Among these are many dealerships adding to their inventory and car rental companies looking to sell vehicles at auctions. One factor that can impact the viability of auction purchases and/or sales is transportation costs. Maximizing loads […] [Read More]

The Dealer’s Auto Auction Group announced recently it has named Robin Treadway as the group’s managing director of auction operations. David Andrews, the chief executive officer of City Enterprises LLC, DAA’s parent company, made the announcement. “Robin’s expert knowledge of the auction industry covers every segment of our business,” Andrews said. “We are blessed to […] [Read More]

The top bidder for a motorcycle at ADESA’s auction during the recent NADA Convention and Expo in San Francisco at the end of January will ride it across the country to raise further funds for various charities. Greg Noonan, who won the 2012 Harley-Davidson Heritage with a $20,000 bid, will further contribute funds raised from […] [Read More]

KAR Auction Services chief executive officer Jim Hallett has another award to add to his mantle. Hallett was recognized as one of six Northwood University Outstanding Business Leaders at the 35th annual Outstanding Business Leader (OBL) Awards Gala on Saturday. Officials highlighted Hallett was recognized for his longstanding track record of professional success and leadership […] [Read More]

The first week of February came with more positive price adjustments at auction after prices fell a bit more than usual during the last week of January. Overall, car prices at auction dropped a mere $32 (or .22 percent) this past week, which represents the strongest price retention seen in over a month. That’s according to […] [Read More]

Kentucky’s men’s basketball team just won the most recent of its eight NCAA national championships the last time used-vehicle values rose to the level Manheim determined as the January reading. Manheim reported that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased in January for the fourth consecutive month. This movement pushed […] [Read More]

Ever wonder how an auction views the CFPB guidelines for its consigning partners? It’s simple: government regulations need to be followed, and auctions need to comply to insure both its partners and the consumers it represents have adequate protections. However, let’s also not assume that the auctions should be dictated to on how to run their […] [Read More]

The Dealer’s Auto Auction group announced recently that eight of its employees have now completed the International Automotive Remarketers Alliance (IARA) Certified Automotive Remarketer (CAR) Program. According to the company, they now have eight of the 101 total graduates of the program. Mark Hopkins, the national fleet lease manager at DAA, supervised the certification process of the […] [Read More]