CPS honors 2 Missouri auctions

Auto Remarketing Staff

Two independent auctions collected accolades from a consignor that specializes in originating contracts within the subprime credit space. Consumer Portfolio Services announced its 2017 auction award winners during a private ceremony at the CAR Conference earlier this month in Las Vegas. This year’s CPS Top Gun... Read More

Auto Remarketing Staff

Manheim introduced Thursday its new InSight Condition Report, driven by the recent Inspections application co-developed with industry partner AiM at Manheim auctions and mobile sites. The new report is designed to make viewing key vehicle information faster and easier. It features added manufacturer data, crisper... Read More

Auto Remarketing Staff

Now 13 years into the award program, this Cox Automotive accolade went to one of its own. Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Ellie Johnson, general manager at Manheim Statesville, representing the first time in the history of the award that it has been given to a Cox... Read More

Auto Remarketing Staff

Cox Automotive released its new “Used Car Market Report & Outlook” book at the 2018 NADA Show in Las Vegas on Friday. Previously titled the “Manheim Used Car Market Report” — the revamped 23rd edition of the book has been expanded to combine in demand automotive industry data and... Read More

Auto Remarketing Staff

ADESA, a business unit of KAR Auction Services, announced Wednesday that it has brought aboard Gil Hyder to serve as its executive sales director. Hyder brings more than 15 years of automotive industry experience to the auction company, and most recently served as director of commercial sales for KAR business unit... Read More

Auto Remarketing Staff

Manheim recently announced it has launched a new intelligent search function for wholesale inventory on its online platform OVE. The new personalized search tool offers dealers faster and more relevant results and increases search accuracy. OVE, which serves 66,000 active users and sees 900,000 monthly visits,... Read More

Auto Remarketing Staff

Subaru of America recently announced that it has named Manheim Southern California Auction its Auction of the Year for the second year in a row in recognition of both sales effectiveness and service quality. Subaru said it tracks and measures its auctions by three key components to choose a winner. The automaker... Read More

Late-model auction volume slows in February

Joe Overby, Senior Editor

The used-car industry is seeing some easing in the volumes of late-model vehicles at auction, according to the latest Guidelines report from J.D. Power Valuation Services. Through two months of the year, late-model auction volume is down 5.8 percent, the report said. In February alone, it was down 11.5 percent... Read More