At the NAAA/CAR conference this week in Las Vegas, Avis Budget Group revealed the winners of its 2011 Auction Performance Awards. Covering categories ranging from sales volume to highest residual value, the company recognized four auctions from across the nation. And taking home the top honors of Overall Auction of the Year is Manheim San […] [Read More]

Santander Consumer USA has revealed its Auction of the Year and also honored the top sites in individual categories and regions, as well. Taking accolades as Auction of the Year was Brasher’s Salt Lake Auto Auction, which also won as the Best E-Commerce Auction and the top auction in the Central region. Winning the award […] [Read More]

During the NAAA/CAR event, the National Auto Auto Association tapped Warren Young, Sr. Fellows, giving the lifetime distinction to a trio of industry leaders. These include: —Dave Alfonso, national auction sales manager for Kia Motors America —Lynn Weaver, general manager of Harrisburg Auto Auction —Ken Osborn, general manager of ADESA Dallas NAAA donated $2,500 in […] [Read More]

LeasePlan USA announced its 2011 Auction Award winners at this week’s NAAA/CAR Event, and taking the Overall Top Sales Achievement Award was ADESA Golden Gate. LeasePlan also announced regional Stellar Performance awards, as well as Outstanding Service Awards, as listed below: —Northeast Region Stellar Performance Award Winner: Manheim Philadelphia —Southeast Region Stellar Performance Award Winner: […] [Read More]

While highlighting a “domestic comeback,” Strategic Vision declared a German brand topped all badges in its annual Total Value Index. On Thursday, Strategic Vision handed the No. 1 ranking in total value to Volkswagen of America as Hyundai Motor America came in second and Ford Motor Corp. finished third. Strategic Vision noted that its Total […] [Read More]

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]

Inventory management company vAuto revealed Thursday that its merchandising tool RealDeal is now available to dealership sales teams in a mobile format. The merchandising system can now be used on Android phones, as well as Apple’s iPhone and iPad. Commenting on the news, Keith Jezek, vAuto president said,  “We’re pleased to complete RealDeal’s integration across […] [Read More]

With demand for petroleum growing because of the number of vehicles in use worldwide, Nissan president and chief executive officer Carlos Ghosn is ready to lead a charge for change. In a special editorial published by Forbes, Ghosn shares his reason in a piece titled,“Three Ways Carmakers Can Save the World.” “United Nations Secretary-General Ban […] [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]

Ford Motor Co. announced Thursday it has successfully completed an amendment and extension of its revolving credit facility.  As a result of the transaction, executives explained Ford’s revolving lenders have agreed to extend the maturity of commitments totaling $9 billion to Nov. 30, 2015 from Nov. 30, 2013. Prior to the amendment, the OEM indicated […] [Read More]