Auction Edge said on Tuesday that it tapped the former director of auction systems at Manheim to be its general manager of auction systems Taking on the role within the division that includes the ASI business line based in North Carolina is Watson McClam. “Watson brings decades of highly relevant experience to Auction Edge,” said […] [Read More]

Auto Data Direct decided on Tuesday to donate a portion of the National Motor Vehicle Title Information System (NMVTIS) reporting fees for vehicles damaged by Hurricane Sandy. ADD is sending funds to the Brother’s Brother Foundation (BBF) relief effort. The company reiterated federal law requires insurance companies and auto salvage entities to report total loss […] [Read More]

Even after Hurricane Sandy hit, damages from which are expected to push used-vehicle prices up, wholesale prices experienced a steep decline in October, according to NADA Used Car Guide’s Guidelines report. But the wholesale volume fallout from the storm is expected to spur a price hike in the near future. October’s report shared that at […] [Read More]

As the company ramps up efforts to make contributions to help people recover from Superstorm Sandy, Manheim today recapped its continued effort to help dealers buy, manage and sell their vehicle inventory more effectively through its annual dealer advisory board meeting. Manheim recently hosted its top 20 dealers from across the country for a two-day […] [Read More]

Black Book determined average prices for cars dropped by $75 last week, representing the largest weekly decline in the past seven weeks. Four car segments declined even more than the average, raising the attention of managing editor Ricky Beggs. The largest individual car segment declines were all from the higher-level, more luxury-oriented type models, including […] [Read More]

A week after venturing into South America for the first time, Copart extended its global growth pattern on Monday by acquiring an operation in Germany. Officials said Copart acquired WOM Wreck Online Marketing Aktiengesellschaft located in Ettlingen, Germany, a leading European salvage vehicle auction platform primarily serving the insurance markets in Germany. Copart indicated the […] [Read More]

DAA Northwest is reaching its 20th anniversary this week, and the ServNet auction is planning a two-day celebration. The auction will host its annual anniversary sale promotion on Wednesday and Thursday. Fleet/lease and select dealer consignment will be offered in the lanes on Wednesday afternoon, followed by a gala dinner party and fundraiser for DAA’s […] [Read More]

According to ADESA Analytical Services’ monthly look at wholesale prices by vehicle model class, prices in October averaged $9,742. The figure represented a 2.0-percent uptick compared to September, but a modest 1.4-percent softening relative to last October. ADESA found prices for trucks were up more than those for crossovers and cars “as they have already […] [Read More]

Dealers in the Northeast have enough to worry about in the aftermath of Hurricane Sandy, and Manheim is looking to lighten their load during the next couple months. Manheim is responding by offering flexibility to some policies, such as storage arrangements, “to help dealers during this challenging time.” [Read More]

Insurance Auto Auctions Inc. revealed this week that its California vehicle providers now have access to a new title processing capability. Through a partnership with DealerTrack, an authorized DMV provider, IAA is now able to process out-of-state titles in-house. IAA contends this new offering will reduce insurance providers’ cycle times and overhead costs, while offering […] [Read More]