This year’s National Remarketing Conference presented by SmartAuction kicks off with a quartet of concurrent workshops that delve into several vital elements of the wholesale industry. The strong opening to the 13th annual event that’s one of the highlights of Used Car Week includes these sessions: —Titled, “What’s Under the Hood?”  The session is going […] [Read More]

It’s been a busy week for Manheim operations in the path of Hurricane Isaac, as the company began preparing its auction facilities for the storm as early as Monday. In a message sent to Auto Remarketing late Thursday, Kyle Ohman, Manheim’s market vice president for the Southeast, explained how the company prepared for the storm […] [Read More]

Repossessions and lease returns are very strong in the auction lane, while rentals are struggling, said John Brasher of Brasher’s Sacramento Auto Auction in the facility’s post-sale video report this week. Also strong in the lanes, Brasher noted, were most dealer trades. “Our closed Ford factory sale was the strongest we’ve had in many months,” […] [Read More]

A former leader of Volvo’s certified pre-owned program now has a remarketing post with Hyundai Capital America. Auto Remarketing learned this week that Johnny Lee is now the manager of remarketing planning with the Irvine, Calif.-based company. Lee was with Volvo Finance from 1997 to 2002, then Volvo Cars from 2002 to 2009. His time […] [Read More]

North Toronto Auction and Ontario-based Apex Inspection Solutions have announced a strategic partnership where Apex will be the auction’s third-party inspection provider. As such, the company will provide NTA clients with enhanced vehicle inspection services. The partnership can lead to growth opportunities for NTA and Apex, officials said, "while informing and empowering the customer experience […] [Read More]

Manheim revealed earlier this week it has named a new general sales manager for operations in Canada. Tapped for the role is Ryan Stubbs, who in his new position will lead Manheim Canada’s field sales teams and strategies, partner with location staff to enhance customer service and develop stronger relationships with local dealers, officials noted. […] [Read More]

The Dealer’s Auto Auction family of auctions recently hosted its first-ever Government Services Administration sales earlier this month, and has two on tap for September. The company’s Murfreesboro, Tenn., facility held a GSA sale on Aug. 15, and the Mobile, Ala., facility then held the second GSA sale on Thursday. Both sales were open to […] [Read More]

Less than a day after the definitive merger agreement was announced between Hertz Global Holdings and Dollar Thrifty Automotive Group, it had not been decided how vehicle remarketing would be handled with the two companies under one corporate umbrella. [Read More]

As pump prices moved higher again last week, Black Book’s Ricky Beggs remains confident the wholesale market isn’t about to hit a vehicle-price patch similar to what happened in 2008 when gas soared above $4 per gallon on average. Still, Beggs acknowledged gas prices continue to climb, as this past week they crept up another […] [Read More]

In today’s auction world, where bidders can be physically present in the lanes or bid live via Internet, ServNet Auctions is pausing to remember the origins of simulcast technology, and its impact on the industry. ServNet chairman Jeff Brasher says not all dealers welcomed online sales at first. “Pioneering simulcast technology involved tremendous vision, and […] [Read More]