ServNet auctions in Minnesota and South Carolina have enjoyed an eventful summer so far, with one announcing a new era taking hold and another having another successful annual sale. First up, Bob and Rob Thompson and the crew at Mid-State Auto Auction celebrated the auction’s 31st anniversary in July, taking the time to review the […] [Read More]

General Motors announced this week it is bringing back closed sales to two Manheim locations. GM closed sales, open only to GM dealerships, will now be offered at Manheim Arena Illinois and Manheim Pennsylvania. “We value our partnership with Manheim,” said Dan Kennedy, national remarketing manager at General Motors. “We are confident that these closed […] [Read More]

Dealers Auto Auction of Oklahoma City has a new general manager. Named to that role is Jon Reininger, who has been assistant general manager since March 2007. He began working at the auction in 2000. “We know our customers and employees alike applaud Jon’s promotion to general manager,” said auction owner Gary Smith.  “We have […] [Read More]

Many auctions have been ramping up their reconditioning facilities lately to better meet customer’s needs, and Manheim is no exception. In fact, Mike McKinney, regional vice president operations for Manheim, told Auto Remarketing the company has invested more than $8 million in capital investments in reconditioning facilities for the company’s operating locations since 2012. Rock […] [Read More]

Gas prices are on the way down again, and so are auction prices. Black Book’s Ricky Beggs pointed this trend out during his latest “Beggs on the Used Car Market” video report, which explained that the market is seeing traditional seasonal movement with price declines picking up during the first three weeks of July. And […] [Read More]

The Greater Rockford Auto Auction is celebrating its 40-year business anniversary this month with prizes and promotions. The auction’s rewards include different giveaways such as gas grills, Yamaha scooters and Polaris all-terrain vehicles. Chad Anderson, the auction manager, is looking forward to the GRAA’s 40th anniversary party sale, which will be held on July 23. […] [Read More]

As analysts predict that expanding off-lease volume will start pushing downward on used-car prices at a more rapid pace in the second half of the year, auction prices are expected to continue falling this week. According to NADA AuctionNet data, wholesale prices are expected to drop by an average of 0.5 percent or $75. David […] [Read More]

Copart has invited the general public to vote on the finalists of its first Copart Rebuild Challenge. The contest, which gathered video entries of various vehicle rebuilds from April 14 through July 6, has been narrowed down to 10 finalists. The three with the most votes by July 25 will receive one of three prizes: […] [Read More]

Analysts are predicting a larger flow of off-lease vehicles in the second half of the year to push down auction prices, but in June and for the whole first half of 2014, wholesale prices remained strong. According to the latest NADA Guidelines report, consumer demand for used and new cars was high last month, leaving […] [Read More]

Ready Auto Transport has announced it will be one of the lead sponsors for the Ride 430 Challenge. The fundraising occasion is a four-day, 430-mile biking event aimed at raising money for injured military personnel and their families. The challenge, which had its first iteration in 2008, has raised more than $1.8 million for military […] [Read More]