Charleston Auto Auction celebrated its 11th anniversary with a record breaking crowd as dealers traveled from all over the country, pushing the attendance to more than 750. Before more than 1,300 vehicles were offered for sale, the day began with free breakfast, live music and remarks by John Brown, executive director of the Carolina Independent […] [Read More]

UCMLink, a recently launched dealer-to-dealer online portal geared toward helping used-car managers meet their business needs, has teamed up with Auto Search Technologies to provide dealerships a national retail listing service and data management hub. When this offering goes live in two weeks, dealers and their used-car managers will be able to tap into a […] [Read More]

The new 2012 Ford Escape is doing more than hitting the roads of America, it is hitting consumers’ televisions, as well. The Blue Oval is partnering with NBC in a new reality TV show titled Escape Routes, which is set to run on Saturday nights on NBC and mun2, starting March 31. [Read More]

If there was one thing that attendees apparently found in common during Tuesday’s action at Brasher’s Sacramento Auto Auction, it was strong prices. Surveying attendees in the auction’s latest post-sale video report, Steve Burrows — executive producer of Brasher’s Post Sale Report — found a bevy of interviewees noting that prices were “very high” and […] [Read More]

General Motors is set to meet a major remarketing milestone this month, as it plans to sell its 14 millionth auction vehicle during a special GM factory sale in Connecticut. The landmark sale is scheduled for 9 a.m. EST on March 28 at Southern Auto Auction in East Windsor, Conn. The sale that day will […] [Read More]

ServNet announced this week that its membership has reached 30 auctions, thanks to the additions of two locations in the Sunshine State. Officially joining ServNet at the beginning of this month were Cocoa Auto Dealers Exchange and Sanford Auto Dealers Exchange, which are two central Florida sister auctions owned by Michael Tumminello and Jeff Brody. [Read More]

The Manheim Used Vehicle Value Index continued a return toward the all-time high reached last May. February’s reading came in at 125.8 as the index of mix-, mileage-, and seasonally adjusted wholesale prices is now up 1.8 percent year-over-year and off only 1.6 percent from the all-time high mark of 127.8. The index now has […] [Read More]

ADESA announced this week that industry veteran Jeff Bescher has been named senior vice president of the company’s customer-relationship management process and inside sales division.  The company indicated Bescher will report directly to Bob Rauschenberg, executive vice president of sales, marketing and special services. In his new role, Bescher will oversee ADESA’s national sales support […] [Read More]

Along with his monthly look at the specialty market, Black Book’s Ricky Beggs dove into a subject high on the minds of dealers and consumers alike — gas prices. Trying to get a handle on what fuel prices could do to the wholesale market was among the many subjects Black Book’s editors grappled with last […] [Read More]

Sparked by an alliance with NADA Used Car Guide, Auction Genius revealed Tuesday that more than 100 dealers signed up to use its wholesale market solution during last month’s National Automobile Dealers Association Convention and Expo in Las Vegas. The traction gained at NADA pushed Auction Genius’ roster of dealer clients to more than 275. […] [Read More]