RoadDealer.com — an online platform that affords dealerships the ability to buy, sell and trade aged and wholesale vehicles between other stores — formed a strategic partnership with the Chicago Tribune this week. Through its members-only website, RoadDealer.com highlighted that its inventory database now holds more than 20,000 vehicles ready for used-car managers to buy […] [Read More]

If you had told a dealer at auction 50 years ago that he would be able to attend 11 auctions at the same time, he most likely wouldn’t have believed you. Yet today, ADESA launched a new LiveBlock online simulcast tool that allows its customers to participate in 11 online auctions simultaneously — a result […] [Read More]

It seems the Labor Day holiday and strong sales put a temporary hold on fall depreciation, according to Black Book’s Ricky Beggs. That said, only 12 percent of price adjustments last week were price increases, which marks the smallest level recorded this year, he reported in his latest “Beggs on the Used Car Market” video […] [Read More]

Not since Hurricane Sandy rocked the Northeast has the Manheim Used Vehicle Value Index jumped this much in a single month. Manheim determined wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) rose for the third consecutive month in August, pushing the index to 122.3. The reading represents an increase of 1.3 […] [Read More]

The National Independent Automobile Dealers Association announced their Auto Auction of the Year award at last week’s National Auto Auction Association Convention in Indianapolis, and taking home the honors was Dealers Auto Auction of the Rockies.   Auction owners Brad Sturgeon and Bill Baker along with general manager Michele Noblitt were presented the award during […] [Read More]

In addition to the previously announced award winners being recognized at the National Auto Auction Association’s Convention, Chase Auto Finance and NAAA had even more honors to share late last week. The 2013 Chase Cup for Auction Excellence Awards were handed out Thursday at the convention, with seven auctions taking home the hardware. These particular […] [Read More]

LeasePlan USA has recently promoted two members of its leadership team, Christopher Stoner and David Doyle. Both Stoner and Doyle have been elevated to the position of regional vice president of client relations sales. The company indicated Stoner and Doyle will be responsible for delivering LeasePlan’s award winning service to a portfolio of clients in […] [Read More]

In what the company described as its commitment to make it easier for customers to conduct business while preparing for future growth, Manheim recapped how it has invested more than $26 million during the past year to expand and upgrade its facilities and services in North America. Manheim highlighted the investment includes the addition of […] [Read More]

Manheim Toronto announced a new hire this week. Tapped for the position of general manager is Don Wallace. In his new role as GM, Wallace will be responsible for all business operations at Manheim’s Canadian flagship location, the company reported. Wallace has worked with Manheim Canada for two years now, leading e-business and product development […] [Read More]

If there ever was a sign that Jack Neshe is tailor-made for the auction business, it’s this. When he was working at a franchised dealership in the Boston area during the 1980s, his day off each week was Friday. With a day free from the car business, what did he do during his time off? […] [Read More]