Congress has proposed a bill that could encourage more vehicle donations to charities, and the National Auto Auction Association is urging its members to voice their support. About seven years ago, Congress changed the donation law, which ultimately discouraged the number of donations. After this change, donations plummeted 67 percent, according to the IRS.  Donators had to […] [Read More]

Through a partnership with Business Valuation Resources, officials from insideARM.com are offering reports that include financial data on more than 1,600 collection agencies and 85 law firms. The site highlighted this data that had not previously been available about the industry is being generated by BizMiner, a firm that provides tens of thousands of financial […] [Read More]

Industry veteran Marv Ingram, who retired from Toyota in late April, has secured a new position, Auto Remarketing learned. Ingram is well known for helping to develop and launch the Lexus certified program close to the turn of the century, which continues to set the tone for today’s popular OEM CPO programs. In Ingram’s new role, […] [Read More]

Auction Broadcasting Co. recently revealed an auction veteran is reuniting with Mike and Jason Hockett to join their management team. Tapped to be a managing partner in the auction division is Jim Phillips. ABC highlighted that Phillips started his auction career in 1983 working for Mike Hockett and Chet Goins at ADE in Indianapolis and […] [Read More]

In today’s supply-starved market, managing inventory can be a pressing — if not the most vital — concern for dealers. Dealers not only have to be able to get creative in how the find inventory, but they also have to manage it well and make educated decisions when it comes to buying, stocking and pricing. […] [Read More]

The recall notices keep pouring out of the National Highway Traffic Safety Administration as Hyundai, Kia and Subaru told federal officials about campaigns to bring back more than 280,000 vehicles. The majority of those recalled models are from Hyundai, and the automaker is summoning back the Santa Fe and Veracruz from the 2007 and 2008 […] [Read More]

J.D. Power and Associates discovered more than two-thirds of owner-reported new-vehicle interior problems are design-related issues rather than defects or malfunctions. That finding came as J.D. Power revealed the 2011 U.S. Interior Quality and Satisfaction Study late last week. The study also showed that owners report an average of 17.2 problems per 100 vehicles (PP100) […] [Read More]

ADESA is holding a ribbon-cutting ceremony next month for its new ADESA Las Vegas auction that it believes affords the company “a strong foothold” in the Vegas metropolitan area. The ceremony is slated for 9:30 a.m. PDT on Oct. 13. The location is 1000 East Gowan Road in North Las Vegas, Nev. The auction is […] [Read More]

In an effort to aid residents affected by the recent wildfire that swept through Bastrop County during the past few weeks, Auto Remarketing learned the Texas Department of Motor Vehicles, Vehicle Titles and Registration Division and various lenders are planning to offer services that will speed up the insurance claim process on vehicles totaled or damaged. As […] [Read More]

August marked the first increase in wholesale values for the Canadian market in five months, according to the ADESA Canada Used Vehicle Price Index report. Specifically, ADESA’s data — powered by ALG Canada — indicates that the index showed a 0.15-percentage-point sequential hike, seasonally adjusted. Wholesale prices climbed 1.1 percent month-over-month, officials indicated, noting that […] [Read More]