As part of its ongoing commitment to introduce products and services that drive business growth for customers, Manheim tapped on Tuesday two former NextGear Capital executives to be new vice presidents of national accounts. Now reporting to Manheim vice president of commercial sales Rich Coutu are Peter Grupposo and Janet Hendrixson. “We’re excited to have […] [Read More]

Sister companies ADESA, AFC and Insurance Auto Auctions are partnering to benefit the NIADA Foundation for Scholarships and Education. The three companies have donated a BMW 328XI, which will be auctioned off on the last day of this week's 68th annual NIADA Convention and Expo at Caesars Palace in Las Vegas. The car will be […] [Read More]

Auctions in the business of selling proved they can also give back, with several auction events raising thousands for community causes. First up, Brasher’s Northwest Auto Auction, in what has become an eight-year tradition, hosted the Brasher’s Golf Challenge to benefit the Natasha Melton Medical Fund.   Fourteen-year-old Natasha, the daughter of Brasher’s Northwest general […] [Read More]

A number of variables contributed to price softening in the lanes last week, one of which was a curveball thrown from Mother Nature, herself. Black Book’s Ricky Beggs pointed out in his latest “Beggs on the Used Car Market” report that vehicle damage from a group of storms — which produced tornadoes and hail that […] [Read More]

Dealers Auto Auction of Oklahoma City (DAA/OKC) is celebrating the arrival of the peak summer market with its Mid-Year Party Sale, set for Thursday. Planning for a consignment topping 2,000 vehicles and more than $20,000 in giveaways, DAA/OKC management promised a full day of fun, food and prizes to accompany blazing hot action in the […] [Read More]

Brasher’s Portland Auto Auction and Brasher’s Northwest Auto Auction are giving customers the option of attending United Vehicle Auctions (UVA) Booksheet Sales in an all-new technology-driven space in Beaverton, Ore. Brasher’s Portland Auto Auction general manager Jerry Hinton explained that the new facility hosts a weekly UVA Booksheet sale on Tuesdays at noon. That’s when […] [Read More]

When CarMax announced results from a successful first quarter of its 2015 fiscal year — notching record quarterly sales and earnings — company management focused on one used metric, in particular: wholesale unit sales. While total used retail sales rose by 9.8 percent in Q1, wholesale unit sales were up slightly higher, experiencing a 9.9-percent spike. […] [Read More]

Insurance Auto Auctions is ramping up its presence in Colorado’s capital with a brand new facility. The salvage auto auction company announced Wednesday the opening of a new branch, Denver East, in Commerce City, Colo. The new facility is located at 8510 Brighton Road, and grows IAA’s capacity in the Denver market to more than […] [Read More]

You might not have gone to summer camp since you were 12, but Manheim’s here this season to provide a similar experience — minus the tents and mosquitoes. In an effort to increase traffic at its auctions during the months as well as help dealers build inventory for the busy third quarter, the company is […] [Read More]

Two years ago, Cam Hitchcock and Chuck Tapp worked together to create Primeritus Financial Services, one of the lead sponsors again for this year’s Re3 Conference at Used Car Week. Hitchcock and Tapp are collaborating once more; now as part of the leadership of American Auto Auction Group. Tapp, who is the chief executive officer […] [Read More]