In addition to sharing with Auto Remarketing how its business model can benefit dealers, Auctions In Motion — a Southern California company giving dealers an alternative way to buy and sell wholesale units by blending mobile and “hybrid” auction sales — has brought in a new director of sales of marketing. Tapped for the position […] [Read More]

I was always taught that a dealer should never apologize for anything when it came to used vehicles. This meant that we would always spend the time and money to “go the extra mile” with the reconditioning of every used car at my family’s dealership. [Read More]

Maryland’s Bel Air Auto Auction recently revealed it has appointed a new general manager of its powersports division. Tapped for the position is Michael Taylor, who on top of managing the auction’s monthly powersports, boat and RV sale, will also work with Chuck Comfort, who handles the auction’s salvage/inop and truck & equipment Sales.  [Read More]

When it comes to the intrinsic value of a brand selling vehicles in the Canadian auction space, one mainstream brand, in particular, stands head and shoulders above its competitors, according to ALG Canada. [Read More]

Two major players in the Canadian used-car marketplace have announced a new partnership meant to increase transparency in the industry by providing real-time vehicle data for dealers and buyers. Effective Friday, ADESA Canada and CarProof will partner to offer CarProof reports on the majority of dealer, public and local fleet vehicles consigned at auction, on […] [Read More]

About a week after announcing its expanded footprint, Copart revealed its third-quarter financial statement Wednesday, highlighting gains in revenue, operating income and net income. For the quarter that ended April 30 — the third quarter of its 2012 fiscal year — Copart calculated its revenue, operating income and net income came in at $244.1 million, […] [Read More]

Black Book’s Ricky Beggs noticed some rather historic wholesale pricing downturns last week, which likely mean some relief for dealers trying to secure used vehicles in a time of hot sales. Black Book reported Tuesday that wholesale values for car segments, in particular, dropped $35 on average last week, marking the largest drop “since the […] [Read More]

ADESA announced Tuesday the hiring of a former BMW Group Financial Services leader to fill the position of executive sales director. In a move that was effective immediately, Matthew Abshire has been named as executive sales director and will report directly to Jason Ferreri, ADESA senior vice president of commercial sales. Abshire comes to ADESA […] [Read More]

Although the Calgary, Alberta-based company saw steeper net losses in the first quarter, Quorum Information Technologies expanded its dealership customer base during the period, as it installed 259 dealership rooftops in the opening quarter of the year. The company also celebrated its 11th straight quarter of cash flow positive results. [Read More]

Copart already possesses a salvage auction presence in both the U.S. and the U.K., and now the company can say it strengthened its position in Canada as well. The online wholesale operation announced Tuesday that it acquired Diamond Auto Bids and Disposals, a privately held auction company with locations in Calgary and Edmonton, Alberta. The […] [Read More]