Earlier this week, Discount Quebec conducted the beta launch of a private-label auction and dealer-to-dealer wholesale marketplace where dealers can purchase vehicles straight from the Canadian rental car company and utilize inventory auctions for no transaction fees. The auction platform is powered by XLane, which is a professional networking and remarketing portal. Users can participate […] [Read More]

As the National Auto Auction Association convention prepared to conclude last week, the group welcomed several industry veterans into its Hall of Fame, including Dan Kennedy, of General Motors; Tim West, of Black Book; Alexis Jacobs, of Columbus Fair Auto Auction; and the Exhibitor of the Year award went to Ralph Robinson, of Auto Use. […] [Read More]

Chase Auto Finance revealed its 2011 Chase Cup for Auction Excellence winners Thursday at the National Auto Auction Association’s annual conference in Chicago. One Midwest auction even took home two awards — including the overall prize. The winner of this year’s Chase Cup for best national auction is ADESA Cincinnati-Dayton. This ADESA auction also took […] [Read More]

Coming in conjunction with remarks by its executive team, Wheels named its annual award winners during the National Auto Auction Association convention. During a special ceremony, Wheels honored the following operations: —Carolina Auto Auction: Southeast Region Performance Award. —Manheim Central Florida: Southeast Region Performance Award. —Manheim New Jersey: Eastern Region Performance Award. —Manheim Dallas: Western […] [Read More]

Dealers continue to tussle with used inventory challenges, but they appeared to be getting a bit of relief in September, particularly for Big 3 and Asian brand vehicles. CNW Research said in its latest Retail Automotive Summary that used-vehicle supply is estimated to be 43.57 days, compared to the level at the end of August […] [Read More]

Often, the toughest part of a used-car manager’s daily work is finding the necessary vehicles to fill inventory needs and doing so at a reasonable price. In fact, the latest data from CNW Research indicates that although days’ supply of used cars has improved to some degree, it’s around half of what dealers had in […] [Read More]

Edmunds.com poured over R.L. Polk & Co. data to find which U.S. market is the hottest for new-vehicle buyers. What did the site find? Turns out, the metropolitan area with 24 percent more new-retail registrations during the first half of this year compared to the same span last year is Atlanta. Edmunds.com discovered Phoenix was […] [Read More]

Even though CarMax suffered a decline in comparable-store used unit sales during the second quarter, the company still posted gains in net sales and operating revenue. CarMax indicated Thursday that its second-quarter net sales and operating revenues jumped 11 percent to $2.59 billion from $2.34 billion in the second quarter of last year. However, the […] [Read More]

One of AutoRevo’s co-founders now is in charge after the company revealed Thursday co-founder, president and chief executive officer Chad Polk has left the company. Replacing Polk as president is Mark Hoffman, the company’s other co-founder who also was chief technology officer. Hoffman emphasized the change in management at AutoRevo — a provider of dealer […] [Read More]

The National Automobile Dealers Association revealed its 2012 chairman and vice chairman on Wednesday after the board of directors held a vote the previous day in Washington, D.C. Appointed to serve as chairman for next year is William Underriner, who currently serves as vice chairman of NADA. Meanwhile, the board also elected David Westcott to […] [Read More]