It was tassel-turning time in the Windy City last month. Coinciding with this year’s NAAA Convention in Chicago, Auction Academy’s seventh class completed the final session of its two-year curriculum, capped by a graduation ceremony. Founded in 2012, Auction Academy now has celebrated the graduation of more than 135 students from its professional training program, […] [Read More]

Stephanie Compton and Lynn Weaver likely have spoken dozens of times by phone during their mutual time in the remarketing industry. But an exchange earlier this fall between the vice president of asset remarketing for Exeter Finance and the recently retired executive director of the Independent Auction Group (IAG) was much different. It was Weaver […] [Read More]

The volume of vehicles coming down the fleet or off-rental lanes at your auction of choice might be picking up in a few months. Cox Automotive posted an analysis of Bobit data that highlighted September sales into large rental, commercial and government fleets increased notably year-over-year. Analysts discovered sales to large fleets — excluding dealer […] [Read More]

Perhaps dealers are looking at their DMS or their blacktop and saying to themselves, “Yeah, I think we’re good for now.” Black Book spotted a slight acceleration in wholesale price decreases last week with sales rates softening, too. “The United Auto Workers (UAW) strike continues, but last week’s auction activity slowed down as buyers exercised […] [Read More]

Drawing on what company executives called a “deep roster of talent,” Manheim has promoted two veteran team members to general manager positions. The company announced on Tuesday that Danny Brawn has been appointed general manager for the Manheim Chicago Market Center, and Brian Walker has been named general manager of Manheim Nevada. In this role, […] [Read More]

In response to evolving industry needs, Dealers Auto Auction on Monday announced the hiring of its first corporate marketing manager, choosing award-winning marketer Gabriele Harris to carry out an aggressive strategic plan. Dealers Auto Auction highlighted Harris brings more than 15 years of experience in strategic marketing, branding, and customer engagement, successfully leading marketing teams […] [Read More]

Six-time NBA champion, meet SIXT. Purple-and-gold, meet orange-and-black. The global premium mobility service provider announced three-year sponsorship deals with the Chicago Bulls and Los Angeles on Thursday, marking SIXT’s first partnerships with professional sports teams in the U.S. The sponsorships of the Bulls (which won six NBA titles from 1991-1998) and the Lakers (which have […] [Read More]

Manheim’s drive to make a difference in its locations’ communities has yielded record-breaking results. The auction company said its annual back-to-school campaign to benefit Boys & Girls Clubs of America raised a record $236,022 in 2023. Funds will remain in the markets where they were raised to help provide local young people with the tools […] [Read More]

One Guard Inspections, a Repair OnDemand company, has introduced a post-sale inspection, tailored specifically for online auctions. The company said the new service “redefines” how online auctions verify vehicle condition after the sale. Repair OnDemand chief sales officer Greg Lubrani called the post-sale inspection “a game-changer for the online auction industry.” “Physical auctions have conducted […] [Read More]

With about 25,000 factory workers who assemble vehicles for Ford, General Motors and Stellantis on strike and oil still costing more than $90 per barrel, Black Book continues to see ramifications manifest in the auction lanes. According to the newest installment of Market Insights, Black Book reported wholesale values softened just 0.08% during the week […] [Read More]