ServNet announced this week that its membership has reached 30 auctions, thanks to the additions of two locations in the Sunshine State. Officially joining ServNet at the beginning of this month were Cocoa Auto Dealers Exchange and Sanford Auto Dealers Exchange, which are two central Florida sister auctions owned by Michael Tumminello and Jeff Brody. [Read More]

The Manheim Used Vehicle Value Index continued a return toward the all-time high reached last May. February’s reading came in at 125.8 as the index of mix-, mileage-, and seasonally adjusted wholesale prices is now up 1.8 percent year-over-year and off only 1.6 percent from the all-time high mark of 127.8. The index now has […] [Read More]

ADESA announced this week that industry veteran Jeff Bescher has been named senior vice president of the company’s customer-relationship management process and inside sales division.  The company indicated Bescher will report directly to Bob Rauschenberg, executive vice president of sales, marketing and special services. In his new role, Bescher will oversee ADESA’s national sales support […] [Read More]

Along with his monthly look at the specialty market, Black Book’s Ricky Beggs dove into a subject high on the minds of dealers and consumers alike — gas prices. Trying to get a handle on what fuel prices could do to the wholesale market was among the many subjects Black Book’s editors grappled with last […] [Read More]

Sparked by an alliance with NADA Used Car Guide, Auction Genius revealed Tuesday that more than 100 dealers signed up to use its wholesale market solution during last month’s National Automobile Dealers Association Convention and Expo in Las Vegas. The traction gained at NADA pushed Auction Genius’ roster of dealer clients to more than 275. […] [Read More]

While revealing it has secured a General Services Administration contract, El Paso Independent Auto Auction also highlighted it has entered its second year in operation with an increase in both consignment and key management. Commenting on the new GSA contract that the auction has gained along with sister auction KCI in Kansas City, Lori Pidgeon, […] [Read More]

The NAFA Fleet Management Association recently surveyed its membership on how they view the role of fleet in their organization. The survey discovered a problem that the association calls relatively common, “a lack of respect in the business world.” "NAFA is proud to announce our Beyond Fleet campaign, an exciting new program designed to elevate […] [Read More]

With the spring market ready to heat up like the weather, Auto Remarketing reached out to auction executives and other remarketing leaders to gain some clarity on what dealers could be seeing in the lanes or online when they are searching for wholesale inventory. Despite the volume constraints that remain well-known and documented, the auction […] [Read More]

Southern Auto Auction is commemorating its 65th anniversary with a slew of promotions this spring that get started later this month. The first of these celebrations is a special General Motors factory auction on March 28 where SAA will remarket the automaker’s 14 millionth vehicle. “It is an honor for SAA to remarket the 14 […] [Read More]

The Auction Broadcasting Co. announced late last week it has brought in remarketing industry veteran Butch Royall to serve in a position where he will work to set up government sales at various ABC auctions. Royall’s background includes leadership roles at auctions, as well as with remarketers. He served in management for companies like GE […] [Read More]