As part of its annual Support the Troops campaign and in honor of Memorial Day, Carolina Auto Auction and its dealers have contributed funds throughout the month of May to aid soldiers injured in battle. Dealer support of the project helped CAA raise $5,000 for the Wounded Warrior Project, as part of the auction’s annual […] [Read More]

Used-vehicle prices at auction are continuing their spring decline this month, falling by an average of 1.5 percent during the first few weeks of May. In his latest blog post, NADA Used Car Guide’s Jonathan Banks wrote, “With market fundamentals remaining relatively stable and late-model auction supply only 1 percent higher on a year-to-date basis, […] [Read More]

Remarketing Services of America recently recognized Indiana Auto Auction with its top award for 2012. Indiana Auto Auction is being honored by RSA for the Best Auction Performance in the U.S. in 2012. RSA executives visited the auction during its anniversary sale on April 25 to present the top award to the auction owners Henry […] [Read More]

Brasher’s Idaho Auction is combining boxing, cars and barbecue for its 14th Annual Smoker Sale in Boise. The two-day event, scheduled for June 19-20, will feature two sales, 2,000 cars and trucks, a free barbecue dinner, and a "clash of Titans as local dealers and others members of the automotive industry square off in the […] [Read More]

Manheim said Thursday it has chosen as new vice president and chief people officer to replace Lilicia Bailey, who is retiring from the company. Filling the role is Rock Anderson. The promotion is effective July 1. “Rock has been an important part of Manheim leadership for many years, as a key advisor to the senior […] [Read More]

Manheim Toronto Auto Auction revealed this week it has chosen a new specialty manager who will be responsible for account  management of the facility’s truck, equipment and highline sales for new and existing customers. Tapped for the position is Cindy McCrystal, who has over 20 years of experience in the automotive industry. [Read More]

This week, ADESA Canada is recognizing a milestone with long-time partner Ford. The two companies are celebrating 35 years of partnership. In commenting on the years spent with Ford, ADESA Canada execs cited the OEMs great products and standards as reasons to stop and recognize what has been a beneficial partnership for both parties. [Read More]

Dealers are used to seeing an uptick in auction prices come spring, but this year, prices stayed relatively flat. Why? Kelley Blue Book’s Alec Gutierrez said this flatness can be attributed to “mild fuel prices and increased supply.” In fact, wholesale values increased only 2 percent in the first quarter, said Gutierrez, who is the […] [Read More]

Manheim has announced the promotions of two leaders into key roles, in what the company calls a move to position top talent to drive business strategy within its market operations. Named as market vice president for Manheim’s Florida Market is Mark Ford, while Rich Coutu has been named market vice president for the North Central […] [Read More]

The Westlake Financial Services remarketing department announced its first-quarter top regional auction performers on Tuesday. Executives from Westlake also offered commentary on what makes the following auctions stand out.   The winners are as follows: •    Eastern Region: Sanford Auto Dealer Exchange (Orlando, Fla.) Bill Walters, vice president of remarketing, said that despite being one […] [Read More]