The Sanford Auto Dealers Exchange announced this week that it has struck a deal to host this year’s World Automobile Auctioneers Championship, which for the first time ever will be broadcast live over the Internet. Championship coverage — which is scheduled to kick off at 11 a.m. EST on March 30 — will be shown […] [Read More]

The 2011 ADESA Auction of the Year award was unveiled on Thursday, and taking top honors is ADESA Sarasota. ADESA president and chief executive officer Tom Caruso shared the news on the company’s Overdrive blog. Caruso traveled to the Florida auction earlier this month and gave the trophy to general manager Jeff York. “It’s always […] [Read More]

Ritchie Bros. Auctioneers has a two-day unreserved public auction on tap in Maryland later this month where it will have more than 440 lifting, aerial and general equipment items from United Rentals up for sale. The sale is scheduled for March 26 and March 27. The United Rentals equipment items — including things like scissor […] [Read More]

The power-packed keynote session that leads the second day of next month’s Auto Remarketing Canada conference presented by CarProof will provide keen insight into the state of Canada’s used-car industry through a variety of viewpoints. “The Strategic Importance of Remarketing and Used Car Markets to the Canadian Automotive Industry” session will be a vibrant discussion […] [Read More]

Day two of the National Auto Auction Association/CAR event will feature two keynote speakers, including Ed Curry, of Asbury Automotive Group, and Tammy Darvish, of DARCARS. In addition to these speeches, there are several workshops set for today, as well as an NAAA Finance Budget Meeting. After breakfast and a NAAA Convention Committee Meeting, Curry, […] [Read More]

The International Automotive Remarketers Alliance honored its Circle of Excellence winner for 2012 on Wednesday during a special luncheon and keynote address at the NAAA/CAR event in Las Vegas, bestowing recognition upon Virgil Matczak. Delivering the keynote address during the luncheon was Tim Martin, of LeasePlan, USA. [Read More]

With speakers including Manheim’s Sandy Schwartz, Kia’s Tom Loveless, Asbury’s Ed Curry and DARCARs’ Tammy Darvish, auction executives have descended on Caesars Palace in Las Vegas today for the start of the National Auto Auction Association/CAR event, which also features a meeting of the International Automotive Remarketers Alliance. On Tuesday, a bit of business was […] [Read More]

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]