On Tuesday evening, Manheim’s 24/7 Bid or Buy now wholesale vehicle marketplace OVE.com  held its third annual Otto Awards ceremony at the NAAA/CAR conference in Las Vegas , honoring five auctions with the accolades. “Named for the company’s ferret mascot, the Otto Awards are broken into five winning categories, each including one Manheim and one […] [Read More]

When last March’s Japanese earthquake and tsunami constrained the supply of new vehicles, wholesale channels stepped in again to fill the role dealers have come to expect. Leading wholesale analysts cheered the role auctions and other remarketing outlets played as the automotive industry recovered from a wide array of setbacks the horrific natural disaster caused. […] [Read More]

As expected for the start of 2012, wholesale prices declined moderately in February, falling less than 2 percent from the year-ago period. The drop-off, though, was also strongly influenced by the decline in truck prices amid high gas prices, in addition to the seasonality that impacted used pricing, according to the latest report from ADESA […] [Read More]

Black Book’s Ricky Beggs believes the wholesale market took a “major turn” a week ago as editors spotted a record number of price increases. The managing editor indicated the number of vehicles adjusted on a daily basis was “reasonably in line” with most other recent weeks, averaging 1,734 per day a week ago. “The results […] [Read More]

While celebrating its 65th anniversary, Southern Auto Auction in East Windsor, Conn., has released a new mobile website. SAA revealed Tuesday the launch of SAA Mobile Web, which includes vehicle searches based upon year, make, model, lanes and events, condition reports and vehicle history reports, officials noted. Larry Tribble, owner of Southern Auto Auction, said, […] [Read More]

Charleston Auto Auction celebrated its 11th anniversary with a record breaking crowd as dealers traveled from all over the country, pushing the attendance to more than 750. Before more than 1,300 vehicles were offered for sale, the day began with free breakfast, live music and remarks by John Brown, executive director of the Carolina Independent […] [Read More]

UCMLink, a recently launched dealer-to-dealer online portal geared toward helping used-car managers meet their business needs, has teamed up with Auto Search Technologies to provide dealerships a national retail listing service and data management hub. When this offering goes live in two weeks, dealers and their used-car managers will be able to tap into a […] [Read More]

The new 2012 Ford Escape is doing more than hitting the roads of America, it is hitting consumers’ televisions, as well. The Blue Oval is partnering with NBC in a new reality TV show titled Escape Routes, which is set to run on Saturday nights on NBC and mun2, starting March 31. [Read More]

If there was one thing that attendees apparently found in common during Tuesday’s action at Brasher’s Sacramento Auto Auction, it was strong prices. Surveying attendees in the auction’s latest post-sale video report, Steve Burrows — executive producer of Brasher’s Post Sale Report — found a bevy of interviewees noting that prices were “very high” and […] [Read More]

General Motors is set to meet a major remarketing milestone this month, as it plans to sell its 14 millionth auction vehicle during a special GM factory sale in Connecticut. The landmark sale is scheduled for 9 a.m. EST on March 28 at Southern Auto Auction in East Windsor, Conn. The sale that day will […] [Read More]