BB&T today announced its 2012 Auction of the Year, an auction location it says is known for setting the bar high. Named the 2012 Auction of the Year is Manheim Tampa, recognized for providing top sales results, sales percentage and expenses relative to liquidation for both BB&T and its affiliate, Regional Acceptance. Other eligibility requirements […] [Read More]

In a year of “encouraging” signs for the auction business, the amount of volume flowing into National Auto Auction Association member facilities climbed more than 6 percent in 2012, and sales for these auctions nearly reached 8 million units. That’s according to NAAA’s 16th annual survey of its members, conducted for the association by CliftonLarsonAllen […] [Read More]

Late last week, Manheim Pennsylvania held its annual Xtreme Spring “100 Grander” sale that not only featured a vast array of highline and other specialty cars, but helped to raise $50,000 for the Wounded Warrior Project. The sale was part of the Manheim Pennsylvania’s highline auction. Included in the lineup were 360 vehicles valued at […] [Read More]

Technology is impacting the auction world in a big way, and KCI Kansas City shared how it is adapting its amenities to help dealers take advantage of growing innovation. The auction recently added photo booths to its auction bays and recondition facility, and it also brought in printed labels for vehicle check-in. Thanks to the […] [Read More]

The ADESA Canada Used Vehicle Price Index was recently updated through February, reflecting a 0.1-percent month-over-month rise in wholesale prices. ADESA's data — powered by ALG Canada — indicates the index climbed  “slightly after being adjusted for seasonality.” And price movements were “mixed” across the segments this past month. Interestingly, minivans, one of the most […] [Read More]

Though off-lease supply in the U.S. is expected to continue growing this year, Canadian dealers may experience the “pain” of tight used supply for a couple of years longer, says ADESA’s Tom Kontos. [Read More]

Choosing from within its ranks, Black Book announced that it has chosen a new senior vice president and editorial director. Tapped for the position is Ricky Beggs. Many in the industry are familiar with this particular exec from his weekly Beggs on the Used Car Market video reports, the latest of which Auto Remarketing reported […] [Read More]

Ally Financial recently recognized its top performing auctions for 2012 with the SmartLane Auction of the Year Award and the SmartAuction Mid-Stream Auto Auction of the Year Award. Taking top honors for its SmartLane performance was ABC St. Louis Auto Auction. Ally Servicing Remarketing leader Robert Stahl said ABC St. Louis has become a valued […] [Read More]

John Brasher’s latest post-sale report showed the celebration Brasher’s Sacramento enjoyed as a part of its 35th anniversary festivities. The auction welcomed dealers from more than a half dozen states who watched more than 2,600 units go down the lanes. Brasher said more than 1,600 of those vehicles were sold during the two-day event on […] [Read More]

Hyundai Motor American revealed Tuesday its choice for 2012 Auction of the Year. The annual Hyundai Auction of the Year award goes to Manheim Pennsylvania. The company explained this award is “presented to the best performing auction in terms of sales, customer service, efficiency, quality and overall performance.” This is third time Manheim Pennsylvania, a […] [Read More]