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]

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]