While beating year-ago numbers, used vehicles didn’t fetch as much money in the wholesale market during July as they did in June. And while the year-over-year decline in July’s retail used-car sales played a role in pushing down these wholesale prices, another factor affecting used values appears to a positive for dealers. In his latest […] [Read More]

Manheim and Ready Auto Transport announced recently their collaboration to launch a new electronic gate pass process at all Manheim locations nationwide. The delivery time-improving eGate Passes are electronically delivered for all customer vehicles directly to members to streamline the auction pick-up process. John Blobner, the vice president and general manager for Ready Auto Transport, […] [Read More]

National Auto Auction Week, a celebration of the auction industry and a time of thanksgiving for facilities across the country, kicks off Monday and runs through Friday. In a letter to National Auto Auction Association members posted to the organization’s website, NAAA president Jack Neshe reflected on what this week means for the industry and shared […] [Read More]

Auto Remarketing’s annual National Auto Auction Association Convention Issue is just around the corner, and we are once again inviting NAAA-member auctions to participate in our “Auction Life” feature. This special section of our NAAA Issue will include photos from auctions across the country, sharing bits of the day-to-day life from the past year at […] [Read More]

Seasonality took a turn last month — with used price trends resembling those normally seen in later fall, not the dead of summer. That’s according to the latest Guidelines report from NADA Used Car Guide, which stated prices on vehicles up to 8 years in age fell by 3.5 percent on a monthly basis in […] [Read More]

Used-car price changes may be varied this week, as NADA’s AuctionNet data shows expected segment movement will range from a drop of $350 to a slight $25 spike in price. But leading the declines, according to NADA, will once again be the luxury cars — a segment that has seen weak retention as of late. […] [Read More]

With over 200,000 off-lease vehicles set to hit the remarketing channels this year, KAR Auction Services has much to look forward to, both in its online and physical auction channels — an environment company management said is “full of opportunity” during the company’s presentation at the J.P. Morgan 2014 Auto Conference. But others in the […] [Read More]

On Wednesday, FLD Inc. announced a director of business development for its central region, appointing Damian Entrican to the position. Entrican’s experience in the auto business goes back more than 15 years, including his post as sales manager at Insurance Auto Auctions, his most recent before joining FLD. He is also a member of the NAFA Fleet Management […] [Read More]

ADESA announced this week that is has raised $157,856 via several of its auction locations to donate to JDRF. Formerly known as the Juvenile Diabetes Research Foundation, JDRF is a non-profit charitable organization dedicated to eradicating juvenile diabetes while leading the funding for type 1 diabetes research. Auctions in five different locations worked with Ford’s […] [Read More]

As part of its long-term growth strategy to invest in emerging markets, Manheim announced Tuesday that it has purchased a majority stake in CarBizz, an auction operation based in Sao Paulo, Brazil. The company highlighted this investment in Brazil — what executives consider to have one of the fastest growing automotive markets — supports Manheim’s […] [Read More]