Dealers who want to stock up on their inventory and save money, while taking advantage of a cash rebate, can do so by registering for Manheim’s Spring Stock Up.  Officials explained that qualifying dealerships can register for the promotion. And if the dealership meets or exceeds a pre-determined March purchase target, the dealership will receive […] [Read More]

Auction activity picked up last week, as Black Book’s Ricky Beggs said the environment in the lanes last week showed “every dealer must be extremely busy on the retail lots.” Dealers are buying, and rates are on the way up. The driver? Beggs said the primary reason for strong auction activity is the fact that […] [Read More]

Announcing a pair of auction leadership moves, Manheim said Friday that it has named Michael Meyer as general manager for Manheim Arena Illinois, and Greg Beck as general manager for Manheim San Francisco Bay. “Mike is a dynamic leader who will use his expertise and experiences to deliver solutions that help our customers succeed,” said […] [Read More]

Increases in used-car supply don't mean that dealers can rest on their laurels when it comes to inventory management. In fact, Robert Granados, of Dealertrack Technologies, says dealers will actually need to fine-tune their inventory processes. “You’re going to need to have a better process to really understand how you’re going to manage the various […] [Read More]

General Motors recently named its 2013 Auction of the Year, and receiving the honors was ABC St. Louis.  With this award, the auction was recognized for “its unwavering commitment to reconditioning, repairs and customer service.” ABC St. Louis moved more than 4,500 units last year and was called a “strong contributor” to the automaker’s FrontLine […] [Read More]

Auction EDGE has announced that it will conduct a dual-phase rollout of its EDGE Marketplace, beginning with a preview release during the NAAA/CAR event on Wednesday and Thursday. The official launch for EDGE Marketplace is set for March 24. This will coincide with an online buying and selling event through EDGE Now, which is a […] [Read More]

The Angelicchio family, which owns Pittsburgh Auto Auction, has announced an agreement to purchase the assets of Winchester Auto Dealers Exchange. This move will be done through a newly formed corporation, Winchester Auto Auction Inc. The newly acquired auction will eventually enroll in National Auto Auction Association membership and apply for ServNet membership in coming […] [Read More]

The nation’s first auto auction is celebrating its fifth time taking home GM Financial’s top auction award. As part of the lender’s annual nationwide Auction of Excellence program, Rawls Auto Auction was named the 2013 Auction of the Year. GM Financial reviewed its 44 participating auctions for their performance in areas including customer service, marketing […] [Read More]

Used-car prices began falling as the year began, bringing a taste of what is expected to be the annual trend after dealers wade through tax season price hikes at auction. According to the latest RVI Market Update, wholesale prices for 2- to 5-year-old vehicles fell by 4.1 percent in January when compared to December. That […] [Read More]

“Tax season has appeared,” says Black Book’s Ricky Beggs. But it’s not only the arrival of W-2s and tax returns that indicates such an arrival — the proof is in the auction lanes, as well. Beggs said the season “finally raised its head this past week, causing more aggressive bidding for some vehicles in some […] [Read More]