After sharing where the Manheim Used Vehicle Value Index settled for September, chief economist Tom Webb explained what he called a “continued healthy market realignment,” which produced the steepest quarterly wholesale price drop since the close of 2008. During his quarterly conference call last Friday, Webb indicated that Manheim’s data showed wholesale prices softened by […] [Read More]

Manheim has announced the launch of a mobile application that gives dealers the ability to create listings straight from their lots. Dealers can tap into myMobileListing from their iPhone or iPad device, and use the app to list vehicles in the Manheim marketplace and disclose vehicle condition information. Through the app, dealers can also post […] [Read More]

Chase Auto Finance recognized eight auctions on Thursday as the 2012 Chase Cup for Auction Excellence honorees were unveiled during the National Auto Auction Conference in Orlando, Fla. Winning the overall Chase Cup was ADESA Cincinnati-Dayton, which has claimed this honor for two straight years. The auction also took home the top award for the […] [Read More]

The Auction Broadcasting Co. has reached a deal with TD Auto Finance to remarket the lender’s vehicles at the ABC St. Louis facility. ABC president Jason Hockett said, ““We are pleased to welcome TD Auto Finance and TD’s In Lane Edge program at ABC St. Louis. We have experienced significant growth at ABC St. Louis, […] [Read More]

As dealers continue to search for turn-ready inventory, Auction Edge announced this week that auction employees can now view used-car managers' credit lines and available credit with Automotive Finance Corp. floor plans. Officials explained this enhancement can enable auction personnel to help the dealer complete their purchases and finalize the floor planning of inventory through […] [Read More]

From new routes to new savings programs, Allied Automotive Group and National Transport LLC each announced updates this week to the way they do business. Calling its initiative an industry first, Allied Automotive Group announced the Super-Saver Daily Specials program which offers auto shippers daily online access to numerous North American routes at reduced, all-inclusive […] [Read More]

The National Auto Auction Association has honored two industry veterans for their accomplishments and service, presenting one with the Industry Pioneer Award and the other with the 2012 Bernie Hart Memorial Auctioneer Award. The award presentations were made this week during the NAAA’s 64th annual conference held in Orlando. Recognized with the NAAA’s Industry Pioneer […] [Read More]

While touching on several elements of the nation’s economic standing, ALG took a deeper look at Canada’s housing market because the firm strongly believes home price growth can have a significant impact on residual values. In fact, ALG determined a change in housing prices over a 48-month term can contribute a 0.2-percent rise in average […] [Read More]

Impact Auto Auctions revealed when its new Impact Toronto facility will open as well as when sales will begin. Officials plan to open the new operation and start to take assignments on Tuesday with sales commencing in mid-November. They indicated auction sale dates will be announced in the near future. Impact Toronto is located at […] [Read More]

A former sheriff and powerlifting champion, Frank Hackett has led National Auto Auction Association as its chief executive for the past eight years. Auto Remarketing recently chatted with Hackett about his journey to the remarketing business and all the interesting stops along the way. [Read More]