Brasher’s Sacramento Auto Auction is seeing sales “typical” to this time of year, says auction president John Brasher, with some trucks and SUVs soft in the lanes. During last week’s Post Sale Report video, the executive also explained “the rental market was good but not great. But again, that is typical for this time of […] [Read More]

Black Book’s Ricky Beggs said Superstorm Sandy will have an even bigger industry impact than Hurricane Katrina did seven years ago. Beggs on Monday indicated the number of flooded vehicles left by Sandy is expected to greatly exceed the 640,000 units destroyed during Katrina in 2005. Beggs and the team at Black Book have been […] [Read More]

Copart continued to expand its international interests on Monday, acquiring a salvage operation in Brazil. Copart announced the acquisition of Central de Leiloes LTDA, located in Sao Paulo, Brazil. Officials highlighted Central is a leading salvage vehicle auction company currently providing services to many of the leading automobile insurance companies in Brazil. Central serves the […] [Read More]

Plaza Auto Auction of Iowa recently revealed it has plans to install a new auction management system, which the company contends will pave the way for a partnership with OnLine Ringman to offer simulcast selling. Mark Greb, owner of the auction, reports the the facility will use VERO Auction Software and expects the system to […] [Read More]

Enterprise Holdings recognized its 2012 Auction Achievement Award winners on Thursday, spotlighting 11 auctions across the U.S. for their excellence in of strategic planning, communication, operational success, customer service, marketing and reconditioning. “Our auction partners play a vital role in our remarketing strategies,” said Andrew Taylor, chairman and chief executive officer at Enterprise Holdings. “We […] [Read More]

In light of Hurricane Sandy, it was announced that the memorial service for Matt Marks — the late executive director of the International Automotive Remarketers Alliance — will now take place on Wednesday. Services are scheduled for 11 a.m. Wednesday at the Goble Funeral Home in Sparta, N.J. The funeral home is at 22 Main […] [Read More]

As of press time, Hurricane Sandy was headed West, leaving much of the Northeastern states scrambling to recover power and get flooding under control while assessing the damage of the powerful storm. With vehicle damage already reported, Black Book’s Ricky Beggs offered Auto Remarketing some insight into how the storm may affect the used-car market […] [Read More]

If recent predictions from Edmunds.com come to fruition, the number of lease terms coming to an end next year will eclipse 2.5 million units, which would be an increase of 484,000 units from 2012. In other words, look for a big jump in the amount of lease returns flowing into the used-car market next year. [Read More]

Westlake Financial Services honored four auctions on Tuesday, announcing the third quarter’s top regional performers and the company’s Top Service Auction.  Earning recognition from Westlake were: •    Eastern Region: Rawl’s Auto Auction (South Carolina) •    Central Region: Kansas City Independent (Missouri) •    Western Region: Brasher’s Sacramento (California) [Read More]

The 2012 CPO Dealer Forum kicks off Used Car Week in just 13 days, and this year’s event — presented by AutoTrader.com — is on track to be the biggest yet. CPO Forum attendees will have the opportunity to gain invaluable insight in key sessions from leading executives, including the Tuesday morning keynote on Nov. […] [Read More]