Patty Stanley — the new ServNet president and co-owner of Carolina Auto Auction and Indiana Auto Auction — recently outlined her plans for the two-year term of her presidency. Top-of-mind for Stanley will be efforts to continue the development of the technological initiatives that were launched during the term of her predecessor, R. Charles Nichols, […] [Read More]

Although prices are still up over 3 percent from 2012 levels, this past month auction prices experienced one of the only drops seen this year. Used-car prices in Canada fell slightly in October, going down 1.8 percent when compared to September, according to the lasted RVI Market Update for Canada. But despite the fairly significant […] [Read More]

Manheim Canada announced this week it has chosen a new director of commercial accounts. Joining the company’s leadership team is Steve Coulman, effective this coming Monday. Commenting on the hire, Russ Stegall, executive director of Manheim customer management, said,  “We’re very pleased to have Steve on board. “He brings a valuable customer perspective to the […] [Read More]

Manheim has opened a new service center in California, home to multiple services the company says will help customers grow their own businesses. The new Manheim California Service Center is an 89,000 square-foot building housing the Volkswagen Credit/Audi Financial Services Technical Operations Center, Manheim’s Employee Service Center West, and other sales and support services for […] [Read More]

Wednesday afternoon, Manheim announced a partnership with subprime credit used-car dealer DriveTime to form Go Auto Exchange, a new separate and independent wholesale auction company focused on independent dealers and the low-end vehicle segment.   The first locations for Go Auto Exchange will be rolled out this year in Atlanta and Phoenix, with more to […] [Read More]

Auction volume in October was up more than 10 percent against comparable weeks of 2012, according to the latest Economic Dashboard from the National Auto Auction Association, which said that year-to-date volumes are ahead 6.6 percent through 10 months. The report, prepared by NAAA economist Ira Silver, found that average auction prices last month were […] [Read More]

The company that founded what it claims to be the first dealer-to-dealer wholesale marketplace announced a major expansion.   DealersLink launched its California marketplace on Tuesday, with more than 100 dealer trading partners in the Golden State now able to tap into unlimited trading with no auction fees, the company says. “Recognized in the industry […] [Read More]

Today, Insurance Auto Auctions launched the Market Value Tool mobile app for iPhone as part of the suite of products from IAA’s CSAToday platform. IAA explained this iPhone app can provide customers the ability to estimate the value of their vehicles anytime, anywhere. Officials say the Market Value Tool is designed to be quick and […] [Read More]

Under a partnership between the two companies announced this morning, DealerMatch — a subscription-based Web and mobile app that connects dealers with retail-ready used vehicles — will be bringing its inventory to vAuto Genius Labs’ AuctionGenius platform. What this means for dealers is that DealerMatch members who use AuctionGenius can view, access and make offers […] [Read More]

Though low gas prices have not played much of a role in the more fuel-efficient segments’ price movements this year, last week’s wholesale price activity shows that low rates at the pump may be having more of an impact this month. Black Book’s Ricky Beggs said that the falling price of gas is “showing its […] [Read More]