The number of cars sold by Toyota Financial Services on OVE.com in 2013 was the highest annual sales tally any one customer has ever posted on the remarketing website. And TFS was honored accordingly, as it recently received the OVE.com Highest-Volume Seller Award for 2013 from Manheim. Michael Reid, national manager of Toyota Financial Services/Lexus […] [Read More]

Even as tax season came to a close, prompting predictions of used-car value drops, Manheim reported Tuesday there was actually an increase in used-vehicle values in the second quarter. The driver? Consumer demand, says Manheim analysts. “Strong consumer demand drove an increase in volume and values for used vehicles in the second quarter as attractive […] [Read More]

Risk management company Remarketing of America (ROA) launched a new program to recognize outstanding performance among auto auctions this week. The company revealed its new ROA Blue Award program on Tuesday, which ranks auctions for their performance against its productivity scorecard. Along with the announcement, the company reported its first set of winners for Q1, […] [Read More]

After high prices stuck around a bit longer than expected in May following the close of tax season, the auction price declines in June more than doubled. According to Black Book data, prices for vehicles model years 2009-2013 fell an average of 1 percent. This is compared to a decline of 0.4 percent in May. […] [Read More]

Go Auto Exchange announced Monday it has purchased United Auto Auction in Houston, giving the company its third location and bulking up its presence in the Southwest. United Auto Auction — a four-lane location on 11 acres that has been in existence for more than 25 years — has been renamed Go Auto Exchange Houston. […] [Read More]

ADESA announced Monday that dealers have another way to utilize its LiveBlock tool — through the convenience of their smartphones. The company has launched the LiveBlock mobile app, which is available free for iPhone users. ADESA officials pointed out the move means registered dealers can now participate in live vehicles auctions at ADESA locations across […] [Read More]

It was an abbreviated week in the lanes with the Fourth of July holiday, but prices continued to fall as the market entered the dead of summer. And following a trend seen this past spring, the car segments continue to see larger declines than the more stable trucks. According to the latest “Beggs on the […] [Read More]

Flint Auto Auction recently picked up a pair of top awards from two of its commercial consignors — US Bank and Automotive Credit Corp. First, the auction received a rare recognition from US Bank, which presented the auction with its Director’s Award for 2013.  US Bank has presented this award only three times and honored […] [Read More]

The General Motors Regional Auction Operational Awards for the first quarter of 2014 were recently revealed, and taking home the honors were five auctions spread throughout the country. By region, they were: —North Central: Manheim Detroit —North East: Pittsburgh Auto Auction —South Central: ADESA Houston —South East: Manheim Orlando —West: ADESA Los Angeles Manheim released […] [Read More]

It was reported by a Bobit Business Media publication and other news outlets that the company’s founder and chairman Ed Bobit died Sunday. He was 86. The company’s flagship publication, Automotive Fleet, reported that Bobit “died peacefully in his sleep,” and is survived by five children, 14 grandchildren and one great-grandchild. Bobit began Automotive Fleet […] [Read More]