Tuesday, July 2, 2019 - 10:09am

Brett Woods, Cox Automotive

The auto industry has dramatically changed in the past decade. Car shoppers have more data and details on vehicles than ever before, putting pressure on retail pricing and profit margins. Dealers, in turn, must adjust and get smarter about the inventory they acquire. As used-car margins are tighter, dealers must be... Read More

Friday, June 28, 2019 - 5:02pm

Joe Overby, Senior Editor

IAA, Inc. has completed its spin-off from KAR Auction Services and began trading the “regular way” on the New York Stock Exchange on Friday. Later in the day, IAA president and chief executive officer John Kett spoke with Auto Remarketing by phone from the NYSE. "It's almost a bit... Read More

Friday, June 28, 2019 - 3:10pm

Auto Remarketing Staff

Partnering companies — like in this case, Manheim — help organizations such as the American Red Cross Greater Carolinas Region succeed in their mission to ease human suffering during emergencies. “Their support allows us to mobilize volunteers and provide hot meals and shelter when there is... Read More

Wednesday, June 26, 2019 - 12:26pm

Auto Remarketing Staff

KAR Auction Services unveiled a major development on Wednesday in connection with its overseas business activities. The company launched its ADESA Europe digital auction, a rebranding of Belgium-based CarsOnTheWeb (COTW). Acquired by KAR in February, the company said COTW is now fully integrated into the KAR... Read More

Tuesday, June 25, 2019 - 2:22pm

Auto Remarketing Staff

Training on SmartAuction and AutoIMS technology, as well as a course titled, “Condition Report Writing 101,” were part of the sixth class group training from Auction Academy in mid-May. The two-day session was the first in the two-year program for the new class from Auction Academy, which is a TPC Management... Read More

Tuesday, June 25, 2019 - 1:11pm

Auto Remarketing Staff

Black Book is seeing car values that bloomed during the spring market now wilting in the summer heat. This week’s Black Book Market Insights report indicated nearly all car segments sustained a significant decline in values, signaling summer seasonality. Conversely, editors noticed the truck space had three... Read More

Friday, June 21, 2019 - 11:25am

Joe Overby, Senior Editor

Tim Echols, now a commissioner on the Georgia Public Service Commission, was 11 years old and selling boiled peanuts at his family’s auto auction, then known as Bishop Brothers Auto Auction.  “As I roamed this lot, talking to car dealers, learning that if burned the peanuts, they would ask me for a... Read More

Wednesday, June 19, 2019 - 2:42pm

Auto Remarketing Staff

Veteran dealers likely will say tax season isn’t what it used to be when some stores registered a significant portion of their annual retail sales fueled by refunds. Well, KAR Auction Services chief economist Tom Kontos explained that based on the May wholesale data he reviewed, this year’s tax season might... Read More