Manheim announced today during the NADA Convention and Expo in San Francisco it has created a new wholesale-to-retail vehicle solution for dealers, as well as revealing a new partnership with Hendrick Automotive Group to create a multi-lane auction operation in North Carolina. The new wholesale-to-retail vehicle solution, which the company said was created with dealer […] [Read More]

The ServNet Auction Group announced the recent expansion of its family of auctions with its 32nd auction location, Brasher’s Fresno Auto Auction. The California location was recently purchased by the Brasher family and hosted its first Brasher’s sale on Friday, Jan. 16. “It is with great pleasure that we welcome the newest member of the […] [Read More]

Auction giant ADESA recently announced that it has named a new senior vice president of strategic initiatives. John Hoctor has been chosen for the new SVP role. In this new role, Hoctor will be responsible for overseeing the company’s online dealer-to-dealer efforts, including both Dealer Connect and TradeRev in the United States, with a focus […] [Read More]

KAR Auction Services announced Wednesday morning that chief executive officer Jim Hallett has been named chairman of the board of directors. Making the announcement was Ryan Birtwell, who is the chair of the Nominating and Corporate Governance Committee at KAR. “Jim was a natural fit for this role, given his extensive industry experience and professional […] [Read More]

How busy was last week in the auction lanes? Well, the per-day vehicle value adjustments that Black Book made was at a level not seen in the past year. That’s according to the latest weekly video report from the company’s editorial director, Ricky Beggs. “As we looked over the commentary from the Black Book survey […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q-and-A format, we will talk to him or her about best practices, auction industry trends and more. The series debuts with Tom O'Connor, senior manager of […] [Read More]

ADESA announced Friday afternoon that it has realigned its dealer services division, which will be led by Keith Crerar. The team will include a few new members who will be regional dealer sales managers and regional online sales managers, while three existing positions will stay the same: Steve Dudash as executive director of major dealer […] [Read More]

Headlining a list that included such well-known companies such as Apple and Starbucks, Copart topped The Exceptional 100 list released by Deloitte this week, a ranking measured by Deloitte’s new proprietary method that examines a company’s overall economic performance including profitability, growth and shareholder value. A list of 100 U.S.-based, publicly traded companies were identified […] [Read More]

KAR Auction Services announced this week that it has been named as part of the inaugural Digital Edge 25 awards, which recognizes enterprises that have leveraged digital technologies to transform their business, according to the hosts of the AGENDA conference, IDG Enterprise. The 25 recipients of the awards will be honored at the AGENDA conference, […] [Read More]

AuctionNet volume climbed 5 percent year-over-year in 2014, and the fourth quarter showed a particularly noteworthy increase of 8 percent. That’s according to data from National Auto Auction Association economist Ira Silver that was cited in social media posts from the organization this week. This annual gain in auction volumes makes it three years in a […] [Read More]