Late last week, Insurance Auto Auctions launched I-Pay through its IAA Buyer App for Apple, saying it is the first company in the industry to introduce payment services for salvage buyers via an app. The company explained that I-Pay can offer qualified buyers with a U.S. bank account the ability to pay for vehicle purchases […] [Read More]

In looking at business cycles of the past, Tom Webb noticed that each time new-vehicle sales rose coming out of a recovery, franchised dealers often lost focus on the used-car side of the business. But not this time around, said Manheim’s chief economist, noting the improvements in the dealer body. [Read More]

Off-lease volume will grow this year and eventually pass 2.4 million units in 2015. That’s the word from Manheim’s Tom Webb, who gave an overview Saturday at the NADA Convention & Expo of the trends in the 2013 Used Car Market Report released this morning. Back in the early part of this new century, off-lease […] [Read More]

Harrisburg Auto Auction raised more than $35,000 for the American Red Cross for Hurricane Sandy relief through a program in November and December where the auction donated $5 for every vehicle sold. Having sold more than 7,000 units during these months and with the auction employees walking through the lanes to solicit donations from dealers, […] [Read More]

Liquid Motors said Wednesday that it has rolled out a new tool that can help dealers improve inventory control and merchandising. Wholesale Max allows dealers to set up auto-launch rules to major online wholesale marketplaces for the vehicles they want to sell, based on age of the unit and other metrics. Dealers only have to […] [Read More]

Organizers of the 2013 Auto Remarketing Canada Conference, presented by CarProof, recently announced four key areas of focus that will be spotlighted during the three-day event this April in Toronto. They have also released some preliminary details about the speakers who will be touching on these subjects. [Read More]

The latest data from the National Auto Auction Association pointed toward growing volume coming down the lanes. In December, volume at member auctions rose by 9.8 percent year-over-year, finishing 2012 with a year-to-date level that was 0.5 percent higher. In terms of prices, NAAA found that December prices came in 0.4 percent higher than the […] [Read More]

General Motors revealed Monday the 2012 Auction of the Year Award winner. Taking home the honors is ADESA Kansas City, marking the second consecutive year the auction has earned this national award. GM explained that of the 34 GM Sponsored Auctions nationwide, it excels the most in reconditioning, repairs and presentation of GM’s used vehicles […] [Read More]

With January presenting Black Book five weeks of activity to analyze, managing editor Ricky Beggs sifted through what happened as some auctions had an extra sale day to put on their monthly ledger. Beggs admitted that this January produced market results slightly different from what was traditionally expected. “The first two weeks we reported previously, […] [Read More]

In their merger to form NextGear Capital, Manheim Automotive Financial Services and Dealer Services Corp. each bring something unique to the table that can benefit dealers and auctions. That’s the word from Brian Geitner, president of the new company, who had held that same role for DSC and talked with Auto Remarketing on Friday about […] [Read More]