As the Manheim Used Vehicle Value Index edged slightly lower in April, economist Tom Webb cautioned wholesale observers and dealers to watch that some individual segment movements are “misleading.” Supporting Webb’s point was the 0.8-percent softening of compact car prices last month. Meanwhile, Manheim discovered pickup prices rose 3.2 percent. “Unusual year-ago environment makes some […] [Read More]

Manheim’s flagship facility recently held a community program designed to foster road safety among teenagers by offering defensive driving courses targeted toward 15- to 19-year-olds. Manheim Pennsylvania Auto Auction hosted the Lion’s Club Be Responsible And Keep Everyone Safe defensive driving courses, where teens were taught techniques to maintain control of their vehicles in hazardous […] [Read More]

Auto Remarketing Conferences recently announced that the Used Car Week Conferences — the National Remarketing Conference, the CPO Forum and the newly expanded Re3 Conference — will be held Nov. 12-16 at The Phoenician resort. Used Car Week is a weeklong series of three dynamic conferences for the used-vehicle industry, all in one location during […] [Read More]

Auto Remarketing has learned that American Auto Auction Group has made two management changes in light of recent brick-and-mortar facility additions and expanded mobile auction locations. AAAG said that Ryan Rickey has new responsibilities with the company serving as vice president of business development, sales and marketing for AAAG’s National Auction Partners division. It was […] [Read More]

Ally Financial SmartAuction handed out its SmartLane Auction of the Year Award earlier this week. Receiving the honor was Greensboro Auto Auction, based in Greensboro, N.C. SmartAuction highlighted that Greensboro AA was the No. 1 seller of vehicles in the company’s premier open auction lanes last year. The achievement marks the second consecutive year Greensboro […] [Read More]

As part of its continuing focus on serving customers in any way they choose, Manheim announced the promotion of Joe George on Wednesday to senior vice president of digital and in-lane product development. The company explained the new position is an expansion of George’s previous role as group vice president, Manheim Digital, and reflects Manheim’s […] [Read More]

Continuing a process that began last July when the company was rebranded from CitiFinancial to OneMain Financial, officials shared details of the rebranding for its service network from CitiFinancial Remarketing Services. Effective today, the unit now will be known as OneMain Remarketing. Officials explained that this change allows the remarketing group to align itself closely […] [Read More]

Black Book collected a mixed bag of dealer commentary from more than 100 auction sites last week, leveraging its ability to get first-hand information through various methods. Before delving into specifics, Ricky Beggs recapped how Black Book gathers its dealer feedback. “It’s been another busy week for our editorial team as we have watched online […] [Read More]

Earlier today, Donlen named its annual best-in-class vehicle auctions, including an award for Auction of the Year as well as regional and categorical winners. Receiving this year’s recognition as Auction of the Year was Manheim Southern California. Among the other top performers were: —West Region Winner: ADESA Golden Gate —Central/Northeast Region Winner: Manheim Milwaukee —South/Southeast […] [Read More]

Now having recognized auctions for 10 years, Toyota Financial Services and Lexus Financial Services awarded its 2011 Premier Auction Award this week — the company’s highest recognition of excellence in the remarketing industry — to nine auction sites for their 2011 performances.  The 2011 Lexus Financial Services Premier Auction Award winners are: ADESA Los Angeles, […] [Read More]