It’s been a busy time for the Brasher’s family of auctions, who have had seven different auction locations throughout the West celebrating anniversaries recently, following alongside the group’s 65th birthday this year. The final celebration, held at the end of October, was at Brasher’s Sacramento Auto Auction. Featuring a party sale with nearly 1,000 bidders, […] [Read More]

The future looks plentiful for both dealer and commercial consignment volumes at auction, according to the latest Economy and Auction Industry Report from the National Auto Auction Association. Dealer consignment is up 1.4 percent year-to-date through three quarters, with commercial volume up a much heartier 7.0 percent, according to NADA AuctionNet data cited in the […] [Read More]

Manheim is getting the ball rolling early with the holiday festivities via its "Dashing Through The Lanes" campaign, which began Monday. Taking place through Dec. 22, employees and customers at all 78 of Manheim’s North American operating locations will have the chance to donate to that auction’s charity of choice and sign a card to […] [Read More]

The owners of the 31 ServNet Auctions locations met up at the end of October in Waverly, N.Y. for the Fall Owners’ Meeting. The event, which took place Oct. 23 through Oct. 25, was hosted by the Barber family at State Line Auto Auction. The family, as part of the founding members of the auction […] [Read More]

As dealers and buyers started gearing up for Black Friday sales promotions last week, price trends in the lanes were “interesting,” to say the least, said Black Book’s Ricky Beggs. The editorial director noted in his latest “Beggs on the Used Car Market” video that prices in the auction lanes were described as “all over the board” […] [Read More]

Manheim announced this morning the appointment of former NextGear Capital chief operating officer Shane O’Dell into a new position with the company. As Manheim’s first senior vice president of wholesale services, O’Dell takes on the responsibility of setting and executing key business strategies around Manheim’s third-party logistics. The company’s wholesale services include vehicle transportation, reconditioning, condition reporting, […] [Read More]

Used prices remain elevated — the second quarter holds the record for highest used prices in history, and Q3 was the highest third quarter on record — and analysts are narrowing it down to two factors the industry expects are behind this trend. According to the Q3 2014 Used Vehicle Market Report from Edmunds.com, it comes […] [Read More]

Manheim announced Wednesday a series of new general managers across three states and Quebec, Canada, appointing six new GMs at seven auction locations. The promotions to general manager include: Alex Fraser (Manheim Portland), Ryan Mason (Manheim Fort Lauderdale), Jeff Modjeski (Manheim Dallas), Christina St-Germain (Manheim Montreal), Toni Williams (Manheim Daytona Beach and Jacksonville) and Robert […] [Read More]

Ernst & Young LLP announced this week the recipients of the EY Entrepreneur of the Year awards. Amongst them is Jim Hallett, the chief executive officer and director of KAR Auction Services Inc., who earned the EY Entrepreneur of the Year 2014 National Services Award. According to Ernst & Young, the award is a “leading […] [Read More]

The auction lanes are showing signs of a mid-fall market, which is manifesting through more stable price movement and waning interest in some of the sportier vehicles. Ricky Beggs, Black Book editorial director, highlighted this seasonal market in his latest “Beggs on the Used Car Market” video report. Beggs reported, “Consistent overall average segment changes […] [Read More]