The International Automotive Remarketers Alliance has issued its own statement on the multiplatform system initiative, providing the following to Auto Remarketing shortly before 11:20 a.m. (EST) Thursday morning: “In light of recent announcements, the Executive Committee of IARA has issued a statement to reinforce its position on MPS. The International Automotive Remarketers Alliance is committed to […] [Read More]

In the latest development surrounding the remarketing industry’s multiplatform system initiative (MPS), Manheim and several other industry participants filed a request Thursday morning with the U.S. Department of Justice. The filing, Manheim said in its announcement, requests confirmation from DOJ that MPS complies with antitrust laws. Beyond Manheim, industry participants include: — Independent digital auction […] [Read More]

Brasher’s Sacramento Auto Auction announced it is “rolling out the red carpet” for its 37th Anniversary Celebration on March 23 and March 24. The event festivities will include a customer dinner, live entertainment and two days of auctions featuring 3,000 vehicles. The anniversary event will begin with “Brasher’s Live!” when the auction will entertain customers […] [Read More]

Manheim Fort Lauderdale will host its grand reopening sale this Friday to mark the completion of renovations to its facilities. The project, which included renovations of both the interior and exterior of the auction, included a remodel of all 10 sales lanes, the construction of a new technology center for dealers, a full overhaul of […] [Read More]

Wholesale prices last month softened 0.3 percent from January, but still beat year-ago levels by more than 3 percent. The reason, says ADESA’s Tom Kontos, has a lot to do with the supply of off-rental program/factory vehicles. Specifically, the latest Kontos Kommentary report put out by ADESA Analytical Services indicates that the average wholesale price […] [Read More]

After seven years and 488 videos, Monday was the final edition of the “Beggs on the Used Car Market” report, as Ricky Beggs — auto analyst extraordinaire and staunch Georgia Bulldogs supporter — gets set to retire on April 1. But before the Black Book senior vice president and editorial director signed off for a […] [Read More]

Dent Wizard International announced Friday that is has hired a new regional business development manager for its Mid-South region. Formerly a brand manager for Aston Martin and a general manager for multiple dealerships, Kaylene Cohen joins the Dent Wizard team with over 15 years of experience in the automotive industry. In her new role, Cohen […] [Read More]

Raymond and Joey Wilkes, a father-son team with more than 50 years of automotive experience, on Friday opened Capital City Auto Auction, a new independently owned and operated facility in Ohio. The owners highlighted their management and staff are committed to combining the warm and friendly feel dealers enjoy at auctions with technology and all […] [Read More]

There are a few different ways to look at the increase in off-lease volumes expected to hit the wholesale market in 2015 and in years to come. One, of course, is the macro numbers. In a recent Perspective report, NADA Used Car Guide predicts this year will show another 20-percent rise in off-lease volumes, which are […] [Read More]

In auction news this week, ARI honored Louisiana’s 1st Choice Auto Auction as one of its leading providers, and Manheim announced it is once again sponsoring The Kyle Petty Charity Ride Across America to support Victory Junction — a camp created to enrich the lives of children with chronic or life-threatening illnesses. First up, for the […] [Read More]