The first Manheim Used Vehicle Value Index for 2012 came out Tuesday, and the trend continued what auctions and dealers saw for most of last year — wholesale prices moving higher. Manheim discovered that wholesale values (on a mix-, mileage-, and seasonally adjusted basis) rose 0.5 percent in January relative to December and were up […] [Read More]

This week, Insurance Auto Auctions reached an agreement with Chen Jia, a wholly owned subsidiary of Jiangsu Chenlong Resource Recycling Development Co. in Zhangjiagang Jiangsu, China. IAA pointed out that Chenlong Recycling is one of the first companies to obtain one of only a few recycling permits from the Chinese government that allows the import […] [Read More]

Wholesale values “took a turn south” last week and posted the year’s most dramatic weekly decline yet, according to Black Book’s Ricky Beggs. What’s more, the proportion of wholesale value adjustments that were positive changes was the smallest it has been in four weeks, he noted. The overall change was a decrease of $52. The […] [Read More]

Dominion Dealer Solutions recently announced a partnership with OPENLANE that will allow its dealers to tap into OPENLANE inventory through Dominion Inventory sourcing tools. Officials noted that mutual customers of the companies can utilize the Dominion Inventory application to easily source vehicles, as well as post units for sale. OPENLANE sends its auction listings to […] [Read More]

Manheim announced the winner of its eighth annual Barbara Cox Anthony Automotive Woman of the Year Award on Sunday, bestowing this year’s honors upon Rachel Richards, who is Sonic Automotive’s vice president of retail strategy and chief marketing officer. Richards was given the award and honored at Northwood University’s annual breakfast during the National Automobile […] [Read More]

AutoTec president Chuck Redden announced that the company’s AuctionACCESS Pro product is currently being tested at selected dealerships. Sharing what this solution can offer, Redden reiterated that AuctionACCESS Pro was created to make it easier for one administrator to manage dozens — or even hundreds — of authorized reps and dealerships. It can enable large, […] [Read More]

The third annual DrivingSales Dealer Satisfaction Awards were presented in conjunction with the National Automobile Dealers Association Convention & Expo. The awards measure dealer satisfaction with services provided by vendors in 2011 in 14 categories, including CRM, New Car Leads, Used Car Advertising, Chat Products, Websites, SEO and many more. Vendors who achieved the highest […] [Read More]

Auto Remarketing has learned that well-known auction industry leader Greg Gehman will head up Auction Broadcasting Co.’s first-ever location in the Northeast, and he will be joined by fellow auction veteran Ron St. Denis, who will serve as assistant manager. In an interview with Auto Remarketing this week, Auction Broadcasting Co.’s Jason Hockett shared some […] [Read More]

Along with sharing Ricky Beggs’ latest wholesale market analysis, Black Book announced Tuesday that industry veteran Jeff Bunch joined the company as director of automotive licensing. In this role, Black Book explained Bunch will be responsible for leading its efforts to increase revenue growth from the licensing of Black Book data to dealers and companies […] [Read More]

Carfax revealed Tuesday that it has been tapped by Subaru of America to be the official vehicle history report provider under the automaker’s certified pre-owned program, which has required dealers to run a Carfax report on every CPO vehicle since 2005. Every certified Subaru comes with a Carfax report. The automaker is one of 32 […] [Read More]