Black Book editorial director Ricky Beggs used his weekly online video report to share a recent conversation he conducted with leadership of the International Automobile Remarketers Alliance. Along with sharing background about their professional careers, IARA president Levi McCoy of LeasePlan and alliance executive director Tony Long discussed a wide array of wholesale market issues. […] [Read More]

Need proof the off-lease volume surge may have already arrived? Ford Credit’s lease return volume in the first quarter was more than double the total from a year ago, according to metrics from Ford’s 2014 first quarter fixed income presentation that Manheim Consulting chief economist Tom Webb shared on his blog. It was also significantly […] [Read More]

As part of a partnership announced Monday morning, Black Book has become the official vehicle valuation service of Cars.com. With this deal, Cars.com customers will be able to utilize the same Black Book valuation that dealers use to price vehicles. “Cars.com is a leader in providing consumers with the resources they need during the buying […] [Read More]

Demonstrating the value of the remarketing industry to not only the auto sector, but also the local economy, one Manheim auction in California played host to a congressman looking to learn. Manheim Riverside hosted U.S. Rep. Mark Takano of California on Tuesday for a tour of a fast-paced sale, highlighting the work done to maximize […] [Read More]

After holding strong and steady last week, auction prices are expected to begin their usual late spring decline. This week, NADA Used Car Guide is predicting auction prices to fall by an average of 0.3 percent, or $50. This will bring the average wholesale price down to a still strong $17,225. Most weeks so far […] [Read More]

DAA Northwest recently teamed up with fellow independent operation Norwalk Auto Auction as well as ADESA and Manheim in support of Toyota Financial Services’ Boys & Girls Clubs fundraising drive. Together with DAA Northwest and additional auction contributors, TFS presented a check for $500,000 to 35 Boys & Girls Clubs during the March 17 diplomas […] [Read More]

With General Motors providing rental cars to the owners of vehicles affected by its recent ignition-switch recall actions, there are bound to be effects in the remarketing world. Black Book editorial director Ricky Beggs talked to Auto Remarketing on Wednesday about how, exactly, those outcomes might surface in the auction lanes. To meet the strong […] [Read More]

It’s a big week for award-winning auctions, as industry accolades continue to roll in. On Wednesday, Fiserv released its top auctions list, just one day after Donlen did the same. Leading the Fiserv list as the top performing auto auction house of 2013 is Carolina Auto Auction, based in Anderson, S.C., which has ranked in […] [Read More]

By meeting or exceeding remarketing performance goals, eight auto auctions nationwide have earned this year’s Top Auction Awards presented by Donlen. The company made the award announcement on Tuesday. Each year, the company recognizes top auto auction partners that work closely with the company in its remarketing program. “The partnership we form with auction partners […] [Read More]

As part of its ongoing commitment to deliver the type of auction experience customers expect, Manheim bolstered its support team on Monday with a pair of executives. Manheim named Tony Drummond as vice president of customer experience and Jim Williams as vice president of operations support. Both executives will report to Ashish Bisaria, senior vice […] [Read More]