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]

IntelliChoice and AutoPacific revealed Thursday the winners of the 2011 Motorist Choice Awards at the Orange County International Auto Show. A domestic OEM saw the most vehicles on the list, with Ford touting four, including the Expedition, which topped the list in three different categories. Also of note, repeat winners included the Dodge Ram HD […] [Read More]

Despite the declining trend in the wholesale industry, Auction Broadcasting Co.’s chief executive officer revealed to Auto Remarketing that his group’s auctions are seeing consistent year-over-year volume growth. Talking in percentages, Mike Hockett reported total units sold are up 17.5 percent year-over-year, with most of the growth coming from dealer consignments — up 26.5 percent […] [Read More]

ServNet owners traveled in full force to Chicago this week for the National Auto Auction Association convention. And in just two more weeks, the group will welcome its new president Charles Nichols, president of BSCAmerica, which operates two ServNet auctions. Jeff Brasher, owner of Brasher’s Reno Auto Auction and Tallahassee Auto Auction, will be assuming […] [Read More]