The Dealer’s Auto Auction family of auctions recently hosted its first-ever Government Services Administration sales earlier this month, and has two on tap for September. The company’s Murfreesboro, Tenn., facility held a GSA sale on Aug. 15, and the Mobile, Ala., facility then held the second GSA sale on Thursday. Both sales were open to […] [Read More]

Less than a day after the definitive merger agreement was announced between Hertz Global Holdings and Dollar Thrifty Automotive Group, it had not been decided how vehicle remarketing would be handled with the two companies under one corporate umbrella. [Read More]

As pump prices moved higher again last week, Black Book’s Ricky Beggs remains confident the wholesale market isn’t about to hit a vehicle-price patch similar to what happened in 2008 when gas soared above $4 per gallon on average. Still, Beggs acknowledged gas prices continue to climb, as this past week they crept up another […] [Read More]

In today’s auction world, where bidders can be physically present in the lanes or bid live via Internet, ServNet Auctions is pausing to remember the origins of simulcast technology, and its impact on the industry. ServNet chairman Jeff Brasher says not all dealers welcomed online sales at first. “Pioneering simulcast technology involved tremendous vision, and […] [Read More]

In a recent update from ServNet president Charles Nichols, the executive said that even though the U.S. economy remains unstable, the auction group continues to see “progress” in the market and is looking toward the future with high hopes. Nichols commented on the market environment at ServNet auctions around the country, noting it “continues to […] [Read More]

When life gives you lemons, make lemonade, as the old adage goes. For some 1,800 employees of Insurance Auto Auctions Inc., lemonade is part of their fight against childhood cancer. IAA announced this week that it has raised $142,084 for Alex’s Lemonade Stand Foundation, to help raise awareness and funds in the battle against childhood […] [Read More]

Two people familiar with the matter told Reuters Wednesday that KAR Auction Services has held exploratory talks with private equity firms about a potential leveraged buyout. The sources indicated the deal could exceed $4 billion. [Read More]

When crunching its August numbers, CNW Research calculated that the days’ supply of used vehicles is up more than 15 percent versus a year ago, a level approaching 55 days and the highest so far this year. What does the figure mean for used-car managers trying to plan for the remainder of 2012? CNW president […] [Read More]

Liquid Motors has named a new chief operating officer, appointing a former leader with OPENLANE and Manheim to the role. Chosen for the COO post and joining the management team is Greg Lubrani, who will work with the company’s executive team to expand Liquid Motors’ customer base in the wholesale arena, the company said. “Greg’s […] [Read More]

RouteOne announced today the availability of nearly a half dozen additional enhancements to its free mobile apps. Officials highlighted the iPhone app now includes the ability to forward “sent” applications to new finance sources, securely text message with supporting finance sources, get payoff quotes and capture leads into the Lead Manager within RouteOne.  The company […] [Read More]