Now in its 11th year of recognizing the top auction sites across the country, Toyota Financial Services and Lexus Financial Services awarded their 2012 Premier Auction Awards this week, the company’s highest recognition of excellence in the remarketing industry to 10 auction sites for their 2012 performances. The 2012 LFS Premier Auction Award winners are […] [Read More]

In conjunction with a new internal program focused on sustainable business practices, Manheim Seattle announced Thursday it has made a donation to the Mountain to Sound Greenway Trust. In an effort to reinforce their commitment to support local green efforts, the $12,500 gift is made in conjunction with the first-ever Cox Conserves Chairman’s Cup, an […] [Read More]

TPC Management’s professional education program, Auction Academy, began 2013 by holding two training sessions this past month.  First, the Academy’s Senior Auction Managers Group met in Orlando, Fla., and they included a visit to NADA’s conference as part of the curriculum.  Later last month, The Next Generation / Sons and Daughter Group gathered in Birmingham, […] [Read More]

Ford Motor Company of Canada Ltd.  has officially announced the award winners for the 2012 Auction Quality Program. Winners were selected based on measurements of the auction’s performance in two categories: Overall Auction Quality and Reconditioning Excellence. [Read More]

Granted, the recent retail used-car results of the big dealer groups are fruitful. But don't look past the wholesale impact of softer used-vehicle margins. Consider what Manheim's Tom Webb had to say in a blog post this week. With their fourth-quarter results pooled together, the seven publicly traded dealership groups saw their same-store used-vehicle retail […] [Read More]

Black Book announced Wednesday that it is now providing monthly valuation and pricing updates for all specialty market vehicles. This includes old cars and special markets like collectible, exotic and highline cars; as well as motorcycles and powersports, recreational vehicles and medium/heavy-duty trucks. The company explained that even though many of these markets might follow […] [Read More]

Seasonal patterns, such as an uptick in car buyers during tax season, lifted used-car pricing and wholesale activity this month, say Black Book editors. And continuing toward spring, the company said it expects "additional growth in new-car sales from pent-up demand will bring in more trade-in volume and result in a continued slow easing of […] [Read More]

Sparked in part by a rush of off-rental units, ADESA found January wholesale prices trending higher both on a month-over-month comparison as well as against year-ago readings. According to ADESA Analytical Services’ monthly analysis of wholesale values by vehicle model class, prices in January averaged $10,037 — up 2.5 percent compared to December and 1.3 […] [Read More]

Organizational changes were announced this week by family-owned Pittsburgh Independent Auto Auction, as several people take on new roles within its executive team.   Named chairman and chief executive officer of Pittsburgh Independent Auto Auction is David Angelicchio. Dennis Angelicchio has been appointed president of the company, and Debra Angelicchio-Jackson was appointed vice president. Company […] [Read More]

KAR Auction Services has announced its vice president of enterprise optimization. Promoted to the role effective immediately, company officials announced on Tuesday, is Stacey White. White most recently served as director of process improvement and cost management for KAR, and recently added responsibility for its sourcing and procurement division to her duties. She joined the […] [Read More]