In an event that began Tuesday and culminates at the “It’s a New Season at Manheim Denver” sale, Manheim Denver is in the midst of hosting two days of sales, featuring more than 4,000 vehicles. The auction is celebrating and showcasing its renovated sales lanes, blocks and main office improvements during the event, marking not only its […] [Read More]

Four ADESA locations have been recognized by the auction company as top annual performers for either dealer sales or online sales in their respective regions, and another location has taken home honors as Dealer Services Auction of the Year. A post to the company’s Overdrive blog written by Keith Crerar notes that Dean Shelton and ADESA Phoenix […] [Read More]

According to the latest numbers provided by the National Auto Auction Association, auction volume is up nearly 7 percent year-to-date against comparable weeks of 2014.  The latest Economic Dashboard, prepared by NAAA economist Ira Silver and posted to the association’s website earlier this month, said year-to-date auction volume climbed 6.9 percent through three months of […] [Read More]

DAA Northwest announced at its recent NASCAR Days event that its 20th Annual Rock & Roll Sale will be headlined by yet another group of classic rock legends: Ann and Nancy Wilson of the band Heart. The Wilson sisters, the Rock and Roll Hall of Fame inductees who have led Heart, wrote the band’s songs and remained […] [Read More]

Insurance Auto Auctions opened its Chicago-North branch location in East Dundee, Ill. on Wednesday. The event included a ribbon-cutting ceremony with IAA chief executive officer and president John Kett, East Dundee Village president Lael Miller and Northern Kane County Chamber of Commerce president Melissa Hernandez. The auction also hosted a lunch with guests invited from the community, including more than […] [Read More]

Auction demographics have changed substantially over the years, with cultural differences in a variety of geographic markets driving the need for new ways to promote auctions to that wide-ranging cultural shift. As we focus more and more on Internet shopping and selling, as well as cross-platform issues, we also need to look at people-centric issues […] [Read More]

Though tax season is on the way out with Wednesday marking the final day to file taxes, the Black Book editorial team continued to see strength in the lanes last week, especially for some of the smaller car segments. For example, compact cars saw prices rise by $47 (or 0.52 percent), while entry-level cars saw […] [Read More]

The sale of Dent Wizard to Gridiron Capital is now officially finished. H.I.G Middle Market announced Tuesday that its affiliate has completed the sale of Dent Wizard International to Connecticut-based Gridiron. H.I.G. Middle Market is the dedicated middle market investment affiliate of H.I.G. Capital.   Terry Koebbe, Dent Wizard’s chief executive officer, said: “H.I.G. has been a […] [Read More]

CarLotz, a Virginia-based used-vehicle consignment business serving the sale-by-owner and corporate vehicle and motorcycle markets, recently announced the grand opening of its newest consignment and retail store. Coming on as the fifth location for the company is a facility at 5055 Virginia Beach Blvd. in Virginia Beach. “We opened our first Hampton Roads store on […] [Read More]

Manheim Nevada will host the 2015 World Automobile Auctioneers Championship (WAAC) on Friday, showcasing more than 100 contestants competing in the categories of best auctioneer, best ring person and best two-person team, in addition to $25,000 in prize money. “The level of talent on display during this competition is unparalleled,” said Janet Barnard, president of […] [Read More]