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]

Though supply continues to expand, the year has turned, and the industry has begun looking out toward tax season. Consequently, instead of responding negatively to supply expansion, prices for used vehicles are expected to stay flat to up slightly this month. According to the latest issue of Guidelines from NADA Used Car Guide, used prices […] [Read More]

This year began with Auto Remarketing and Wall Street observers peppering Manheim’s Tom Webb with questions about rising off-lease volume, which has a projected level of about 2.5 million that the auction company’s chief economist called, “average.” Webb made that vanilla assessment of off-lease volume expectations because the industry pushed significantly more than 2 million […] [Read More]

Manheim Detroit’s commitment to environmental protection efforts now includes a donation to a local water-related organization. The $12,500 donation was made to Lake Erie Waterkeeper, an organization that helps maintain Lake Erie’s waters via education, advocacy, outreach and collaboration. The Manheim location also participates in the Cox Conserves Chairman’s Cup, an internal company program that […] [Read More]