With speakers including Manheim’s Sandy Schwartz, Kia’s Tom Loveless, Asbury’s Ed Curry and DARCARs’ Tammy Darvish, auction executives have descended on Caesars Palace in Las Vegas today for the start of the National Auto Auction Association/CAR event, which also features a meeting of the International Automotive Remarketers Alliance. On Tuesday, a bit of business was […] [Read More]

On Tuesday evening, Manheim’s 24/7 Bid or Buy now wholesale vehicle marketplace OVE.com  held its third annual Otto Awards ceremony at the NAAA/CAR conference in Las Vegas , honoring five auctions with the accolades. “Named for the company’s ferret mascot, the Otto Awards are broken into five winning categories, each including one Manheim and one […] [Read More]

When last March’s Japanese earthquake and tsunami constrained the supply of new vehicles, wholesale channels stepped in again to fill the role dealers have come to expect. Leading wholesale analysts cheered the role auctions and other remarketing outlets played as the automotive industry recovered from a wide array of setbacks the horrific natural disaster caused. […] [Read More]

As expected for the start of 2012, wholesale prices declined moderately in February, falling less than 2 percent from the year-ago period. The drop-off, though, was also strongly influenced by the decline in truck prices amid high gas prices, in addition to the seasonality that impacted used pricing, according to the latest report from ADESA […] [Read More]

Black Book’s Ricky Beggs believes the wholesale market took a “major turn” a week ago as editors spotted a record number of price increases. The managing editor indicated the number of vehicles adjusted on a daily basis was “reasonably in line” with most other recent weeks, averaging 1,734 per day a week ago. “The results […] [Read More]

In a report from CBS affiliate WBZ-TV from Boston, online car shoppers have reason to be wary.  What WBZ reported as “thousands of used-car buyers,” may be walking right into a scam, which the FBI told the station could be the work of an international organized crime ring. And the scammers might be working their […] [Read More]

As basketball fans rush to put together their perfect bracket sheets amid NCAA March Madness, one nameplate is participating in the event in a different way. Buick donated more than 300 pairs of shoes to needy children through Samaritan’s Feet, an organization dedicated to helping cover the feet of 300 million shoeless children throughout the world. [Read More]

While celebrating its 65th anniversary, Southern Auto Auction in East Windsor, Conn., has released a new mobile website. SAA revealed Tuesday the launch of SAA Mobile Web, which includes vehicle searches based upon year, make, model, lanes and events, condition reports and vehicle history reports, officials noted. Larry Tribble, owner of Southern Auto Auction, said, […] [Read More]

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]

RANCHO SANTA MARGARITA, Calif. — Dealership financial services company Finance Express revealed this week it has entered into an agreement with Santander Consumer USA, adding the company to its lender portal. Commenting on the news, David Huber president of Finance Express, said, "We are very pleased to be adding Santander to our lender platform. “Dealers […] [Read More]