With over 200,000 off-lease vehicles set to hit the remarketing channels this year, KAR Auction Services has much to look forward to, both in its online and physical auction channels — an environment company management said is “full of opportunity” during the company’s presentation at the J.P. Morgan 2014 Auto Conference. But others in the […] [Read More]

On Wednesday, FLD Inc. announced a director of business development for its central region, appointing Damian Entrican to the position. Entrican’s experience in the auto business goes back more than 15 years, including his post as sales manager at Insurance Auto Auctions, his most recent before joining FLD. He is also a member of the NAFA Fleet Management […] [Read More]

ADESA announced this week that is has raised $157,856 via several of its auction locations to donate to JDRF. Formerly known as the Juvenile Diabetes Research Foundation, JDRF is a non-profit charitable organization dedicated to eradicating juvenile diabetes while leading the funding for type 1 diabetes research. Auctions in five different locations worked with Ford’s […] [Read More]

As part of its long-term growth strategy to invest in emerging markets, Manheim announced Tuesday that it has purchased a majority stake in CarBizz, an auction operation based in Sao Paulo, Brazil. The company highlighted this investment in Brazil — what executives consider to have one of the fastest growing automotive markets — supports Manheim’s […] [Read More]

It’s not uncommon for conference attendees to make travel plans for their arrival and departure to be scheduled as close to the event’s start and finish as possible. Tony Long, executive director of the International Automotive Remarketers Alliance, suggests that executives and managers from auctions, consignors, finance companies and dealerships use a different approach for […] [Read More]

The Charleston Auto Auction presented the Berkeley County Habitat for Humanity with a $5,000 check on Aug. 1 along with a commitment to assist in building a house. The check was given in the company of 500 dealers present prior to the start of the business’ weekly Friday auction. Laura Taylor, the general manager of […] [Read More]

Trucks have held strong price retention throughout 2014, and Black Book’s Ricky Beggs says overall consistency remains a pattern in segment price trends. In the Black Book editorial director’s latest “Beggs on the Used Car Market” video, he reports that last week the prices for trucks fell by an average of $49, or 0.31 percent, […] [Read More]

KAR Auction Services already shelled out $30 million to acquire a 50-percent stake in online vehicle remarketing system, TradeRev. And investment analysts wondered if KAR is ready to bring out the company checkbook or credit card again to buy the remainder of Toronto-based wholesale solution firm or another company outside of its current portfolio of […] [Read More]

Wholesale price drops steepened in July, falling by over 1 percent as we head toward fall. According to Black Book data, used-vehicle prices for model-years 2009 through 2013 depreciated by 1.5 percent in July. In comparison, prices in June fell by 1 percent on a monthly basis, according to Black Book. And each of the 24 […] [Read More]

DealersLink recently partnered with Fox Rent A Car to offer direct access to off-lease inventory, meaning members of DealersLink can now tap straight into to Fox’s pre-auction inventory streams.  Executives also highlighted DealersLink members can receive preferred pricing from Fox Rent A Car. Members also can obtain the most current nationwide inventory list — which is updated hourly […] [Read More]