Auction volume for 2013 ended up beating prior-year levels by more than 6 percent, according to data reported by the National Auto Auction Association in its Economic Dashboard. And based on the latest report from Manheim, wholesale volume growth — inside or outside the auction — isn’t likely to slow any time soon. In the […] [Read More]

Though Black Book’s Ricky Beggs said bad weather has been a hot button topic at auctions, the “outlook for the market is very positive.” And though winter storms have slowed sales in the lanes a bit as of late, the average segment price changes last week indicate “a more stable market,” he said in the […] [Read More]

ServNet member auctions announced two new general manager appointments recently. Auto Auction of New England announced the promotion of Steven DeLuca to position of GM. In his new position DeLuca will be in responsible for effective planning, delegating, coordinating, staffing, organizing and decision making. The new GM will oversee the day-to-day operations of AANE. The […] [Read More]

A charity auction at ADESA Phoenix raised more than $60,000 for the Juvenile Diabetes Research Foundation, and saw the auction of two classic vehicles. “We are honored to have this opportunity to contribute to such an amazing organization — JDRF touches the lives of so many impacted by diabetes,” said Mike Russo, general manager of […] [Read More]

Manheim announced two major deals with two of the country’s largest dealership groups at the NADA Convention & Expo in New Orleans. The auction company was selected to be the exclusive remarketing partner of Hendrick Automotive Group, the nation’s second-largest privately held dealer group; and in separate news, Manheim has teamed up with Sonic Automotive […] [Read More]

The number of leases written in 2013 marked a 13-year high and a 26-percent year-over-year hike, according to the 2014 Used Car Market Report from Manheim. The report said there were 3.2 million lease originations in 2013; comparatively, when the market bottomed out in 2009, there were only about 1 million leases. Manheim also noted […] [Read More]

It might be a bit off-putting to hear that your customer base is looking for ways around your traditional business model.  But in the case of the wholesale auto auction business, it may mean the chance to serve your customer base in a brand new way. That’s the way that Manheim executive vice president and […] [Read More]

Though tax season will most likely ramp prices up in the near future, for the time being, winter weather is contributing to a “softer” auction market. Black Book’s Ricky Beggs reported both the car and truck segments saw larger price declines last week than experienced during the last few weeks of 2013. The car segments […] [Read More]

Dealers Auto Auction of the Southwest announced a new tool to give auction employees specific bilingual skills. The enhancement to the auction’s 360 Customer Service Program is called “Somos El Subasta,” said DAASW vice president and former NAAA President Jim DesRochers. The company explained the learning process is casual, “with peer groups having coffee and […] [Read More]

More control and better efficiency for auto transport customers are the goals of enhancements announced this week by Manheim, regarding its transportation solution. On Thursday, Manheim reported changes including full service transportation quotes, management of full-service transportation orders and 1Dispatch registration for self-managed orders. All of these improvements put customers in control, the company said, […] [Read More]