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]

Dealers now have another exclusive, direct avenue for acquiring used inventory, thanks to a new used-car sales program announced by Avis Budget Group. The company introduced Avis Direct, which provides a dedicated website and gives dealers a means to purchase from a wide array of late-model, off-rental units from the Avis, Budget, Payless and Zipcar […] [Read More]

After learning of the new live online auction recently launched by Infiniti Financial Services, Auto Remarketing caught up with IFS director of remarketing Kevin Cullum to talk about the impetus behind the program and how it benefits the manufacturer and its dealers, as well as the role of upstream and online remarketing. As reported by Auto […] [Read More]

Manheim has built a new enterprise software business called Global Remarketing Management System that serves as a digital suite of remarketing management tools, the company announced Friday. It will be led by Nick Peluso, who will head up the new venture and become president of Global RMS on April 1. Peluso is currently senior vice […] [Read More]

Westlake Financial Services announced its 2013 Auction of the Year, an award given for sales effectiveness and service quality.  Earning the title this year is Kansas City Independent Auto Auction. “Kansas City Independent has been a reliable performer throughout the year, topping our rankings for the second, third and fourth quarters,” said Bill Walters, vice […] [Read More]