After months of declines, used-car prices showed a small increase in July, with the larger sedan segments leading the pack. Wholesale values saw an increase of 1.2 percent this past month when compared to June, according to the latest RVI Market Update. The year-over-year climb was even larger, showing prices up by 3.9 percent. And […] [Read More]

Does the date Aug. 19 mean anything to you? For auction owners, staff, and more, this date marks the launch of the National Auto Auction Week. National Auto Auction Association president Paul Lips has designated next week to celebrate the auction industry’s rich history and increase the public’s awareness of the industry and its contributions […] [Read More]

With the 2013 IARA Annual Summer Roundtable set for next week, the organization's Certification Commitee chair recently talked with Auto Remarketing about an important offering for remarketing professionals now more widely available. Dave Sutton —  the national director of data partnerships at Carfax and the chair of the Certification Committee for the International Automotive Remarketers […] [Read More]

Another major player in the auction business has announced its plans for the upcoming National Auto Auction Week, which is sponsored by the National Auto Auction Association and kicks off Monday. Manheim said its North American auctions are participating in the big event and will utilize social media, including Facebook and Twitter, to help spread […] [Read More]

The biggest name in Canadian publicly traded dealer groups recently announced its second-quarter results, reporting its most profitable quarter in history. AutoCanada Inc. revealed they made company history with an increase in earnings of 61.2 percent. The company enjoyed double-digit increases across the board, with revenue increasing by 3.18 percent to $388.8 million for Q2. […] [Read More]

In light of the recent floods in Calgary, Manheim Edmonton and Source Auto Auction are teaming up in an effort to raise funds for relief efforts. The two auctions are offering a 1989 Chevrolet Corvette convertible in an effort to provide aid to flood victims. The vehicle is donated by Source Auto Auction chief executive […] [Read More]

The Automotive Industries Association of Canada recently announced it has a new director of collision programs. Appointed to the position is Leanne Jefferies, who brings experience in the operation of a collision repair facility, collision media editing and publication,youth programming and college liaison, according to AIA . Jefferies will also continue in her current role […] [Read More]

Dealer’s Auto Auction of Oklahoma City launched its summer promotional season with Round 1 of its 25th Anniversary Celebration in June. That sale was dubbed The Heat Wave, and included more than 2,000 vehicles and a Mystery Car Giveaway. The next phase in that celebration will occur on Thursday with the Sizzling Summer Sale, featuring […] [Read More]

As we get closer to the new 2014 models are hitting the market and the average age of vehicles on the road continues to rise, Black Book’s Ricky Beggs said age is becoming a factor impacting change in the wholesale market. With the new model year on the horizon, dealers and buyers are seeing more […] [Read More]

Multi-platform selling: the new water-cooler topic in the remarketing business, and an issue that many in the industry are keeping a close eye on. It’s an issue that’s been examined by different leaders of the business, including the International Automotive Remarketers Alliance, Auto Auction Services Corp., and Liquid Motors. Gus Xamplas, vice president of remarketing […] [Read More]