Airport Auto Auction recently announced it has been awarded a contract with the U.S. General Services Administration, and will soon hold its first GSA sale. Officials at the family-owned independent auction, which is celebrating more than 30 years in business, say they expect to host their initial GSA Sale on Nov. 8. “October is always […] [Read More]

The National Auto Auction Association has elected a vice president for the 2012–2013 term, and chosen for the post is Ellie Johnson. Johnson — the general manager of Manheim North Carolina in Kenly, N.C. — was elected at last week’s NAAA Conference. [Read More]

Wholesale prices are looking quite similar to the market dealers experienced last year at this time, according to the latest  "Beggs on the Used Car Market" video report. And most car and truck segments all saw mild declines. First, the car segments saw an average decline of $70 in the lanes last week, reported Ricky […] [Read More]

With the National Remarketing Conference starting in about five weeks, time is running out to register and book hotel rooms for the event, which will feature dynamic conversations with some of the industry’s leading executives. One such panel conversation will take place during the final session on the second day of the conference, Nov. 15. [Read More]

For the wholesale market in September, the name of the game was stability. Not only were the month’s used-car prices essentially static from August, the year-over-year decline slowed “considerably,” said ADESA’s Tom Kontos. Overall, the average wholesale price during September was $9,550, according to the latest report from ADESA Analytical Services. This marks a 0.3-percent […] [Read More]

After sharing where the Manheim Used Vehicle Value Index settled for September, chief economist Tom Webb explained what he called a “continued healthy market realignment,” which produced the steepest quarterly wholesale price drop since the close of 2008. During his quarterly conference call last Friday, Webb indicated that Manheim’s data showed wholesale prices softened by […] [Read More]

Manheim has announced the launch of a mobile application that gives dealers the ability to create listings straight from their lots. Dealers can tap into myMobileListing from their iPhone or iPad device, and use the app to list vehicles in the Manheim marketplace and disclose vehicle condition information. Through the app, dealers can also post […] [Read More]

Chase Auto Finance recognized eight auctions on Thursday as the 2012 Chase Cup for Auction Excellence honorees were unveiled during the National Auto Auction Conference in Orlando, Fla. Winning the overall Chase Cup was ADESA Cincinnati-Dayton, which has claimed this honor for two straight years. The auction also took home the top award for the […] [Read More]

The Auction Broadcasting Co. has reached a deal with TD Auto Finance to remarket the lender’s vehicles at the ABC St. Louis facility. ABC president Jason Hockett said, ““We are pleased to welcome TD Auto Finance and TD’s In Lane Edge program at ABC St. Louis. We have experienced significant growth at ABC St. Louis, […] [Read More]

As dealers continue to search for turn-ready inventory, Auction Edge announced this week that auction employees can now view used-car managers' credit lines and available credit with Automotive Finance Corp. floor plans. Officials explained this enhancement can enable auction personnel to help the dealer complete their purchases and finalize the floor planning of inventory through […] [Read More]