A 10-cent drop in gas price could have created a stir on the wholesale market, but Ricky Beggs and the Black Book team didn’t spot one last week. However, Beggs cheered the downward movement of fuel prices, which according to his calculation now have softened for 13 weeks in a row to leave the national […] [Read More]

Ten years ago Manheim reported what it called a first in the remarketing industry when the company launched its Simulcast product line. Now, the anniversary of that launch could win one lucky dealer a Corvette. To commemorate Simulcast’s 10th anniversary, Manheim is giving away a Chevrolet Corvette Z06, the same model as the first vehicle […] [Read More]

ADESA is calling on its dealers, employees and more for nominees in a social media-driven contest to find the “fan favorite” among its auction locations. In a post this morning to the company’s Overdrive blog, chief executive officer Tom Caruso said: “You may have noticed that ADESA has become very active in social media recently. […] [Read More]

In this installment of the Used-Car Market Intelligence Report series, Auto Remarketing tackles one of the more pressing industry concerns in recent years: used-vehicle supply (or often lack, thereof). While signs appear to be pointed in the right direction for dealers, finding enough used vehicles to fill their lots still can be a challenge. [Read More]

Auctions in Motion announced four key management moves this week,  appointing a director of operations, general managers for two of its locations and a general sales manager. Starting with director of operations, AIM has promoted Jon Karasek to this position. He will head up all auction operations, overseeing areas including personnel, transportation and consignment. [Read More]

Let’s imagine that you own a gas station. A week ago, the supply truck filled the underground tanks at your station at a wholesale cost of $3.30 per gallon. Today, as you opened the station for business, you learned that the wholesale cost had dropped to $3. You look across the street and see a […] [Read More]

It was announced today that AutoShopper.com has partnered with online wholesale marketplace OVE.com in an effort to make it easier for the site’s dealers to promote their used cars to wholesale buyers on the auction platform. Dealers using AutoShopper.com’s AutoPilot dealer management tool now have the ability to push all inventory to the Manheim’s OVE.com. […] [Read More]

Being that Fourth of July falls in the middle of the work week this year, Black Book’s Ricky Beggs noticed how the schedule is forcing auctions to make adjustments as the wholesale market continues to behave in unusual ways. So Beggs began his latest edition of “Beggs on the Used Car Market,” by declaring, “Happy […] [Read More]

Manheim has been recognized as a 2012 Best Place to Work in Information Technology by International Data Group’s Computerworld publication, which ranked the company No. 71 on its list of 100 best organizations “that challenge their IT staffs to drive innovation, while providing employees with great benefits and compensation.” The magazine pulls the list together […] [Read More]

Auto Remarketing has learned that Dan Crowe, national remarketing manager at American Honda Motor Co., has retired and a replacement for the longtime leader of the certified pre-owned programs at Honda and Acura has been named. Stepping into the position is Brian Butts, Honda told Auto Remarketing late last week. Crowe retired in June, having […] [Read More]