Last week, gas prices dropped for the seventh week in a row, and some of the more fuel-efficient segments are following suit at the auction. Prices at the pump dropped to a national average of $3.47 per gallon last week, and Black Book’s Ricky Beggs pointed out the three smaller, more fuel-efficient segments saw the […] [Read More]

Manheim announced that six of its auctions wiill celebrate fifty or more years of business this year. Manheim Area Illinois, which opened in 1949, will celebrate its 65th year of business on Sept. 16, when it will host a 65-inch television raffle and other assorted giveaways. Manheim locations in Seattle, Chicago and New York will […] [Read More]

Lease return numbers could soon double the amounts seen just last year and one auction group, in particular, said it is taking measured steps to meet the surge in supply. In the group’s latest newsletter, ServNet president Patty Stanley says the network of auctions is ready for the 2.5 million lease returns expected to hit the remarketing […] [Read More]

Auto Remarketing has learned that former Indiana Auto Auction vice president and general manager Dale Flora passed away on Wednesday. He was 69. According to an obituary posted here on the website of McElhaney-Hart Funeral Home, Flora held those leadership roles at Indiana Auto Auction for 39 years before retiring in August 2009. In addition to his roles […] [Read More]

The latest expansion move and membership services upgrade for the National Auto Auction Association came Thursday: NAAA announced it has acquired an information technology company known as Kink Or Bend LLC that can help auction members determine if they need to disclose quarter panel replacement on a vehicle. The company’s specialty is in developing online resources […] [Read More]

Is a sharp correction in used-vehicle prices imminent? The National Automobile Dealers Association expects used-vehicle prices will indeed start to fall — but gradually, not all at once. After the Great Recession, a sharp decrease in new-vehicle sales greatly reduced the supply of late-model used vehicles. At the same time, price-conscious consumers opted for more […] [Read More]

For any NAAA-member auctions interested in participating in Auto Remarketing’s “Auction Life” feature — which is part of our annual National Auto Auction Association Convention Issue — the deadline to submit photos is one week away.  This special section of our NAAA Issue will include photos from auctions across the country, sharing bits of the day-to-day […] [Read More]

Auction volume in July was up nearly 4 percent year-over-year, as was year-to-date volume, according to the latest Economic Dashboard prepared by Ira Silver, the chief economist for the National Auto Auction Association. More specifically, against comparable weeks of 2013, auction volume was up 3.7 percent for July, with year-to-date numbers up 3.9 percent. Used […] [Read More]

In an effort to recognize its customers and celebrate a significant milestone, Manheim Tampa will host a 25th anniversary sale on Thursday. More than 2,500 units are expected for the regular weekly consignment sale at Manheim Tampa beginning at 9 a.m. ET on Thursday. The auction will be giving away rock ''n' roll gift baskets, iPads, […] [Read More]

More off-lease and off-rental volumes hit the physical auction and online upstream remarketing channels in July, according to the latest recap of wholesale market trends from ADESA’s Tom Kontos. This helped foster greater used supply in the market, one of the factors leading to softer overall wholesale values (compared to June). As far as pricing […] [Read More]