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NAAA to Host Free Member Webinar to Discuss New Federal Health Care Mandates
Auto Remarketing Staff
The National Auto Auction Association is hosting a free webinar for its members on how to navigate the requirements of the Patient Protection and Affordable Care Act. The nearly three-year-old federal legislation better known as ObamaCare will be dissected by: —Kevin Kuhlman, manager legislative affairs at the National Federation of Independent Business —Bob Graboyes, senior […] [Read More]
Manheim’s Newest Simulcast Earns Product Launch of the Year Award
Auto Remarketing Staff
A newly-launched Manheim product offering advanced mobile bid and buy options is already earning kudos in the technological world. Manheim this week announced its win of the Product Launch of the Year award for its new product Simulcast on Mobile, from the Technology Association of Georgia Product Management Society. Simulcast on Mobile allows dealers to […] [Read More]
ShipCarsNow Names New President
Auto Remarketing Staff
ShipCarsNow named a new president who will take on the role effective March 4. Tapped for the position at Union Pacific Railroad’s subsidiary is Marty Coalson, who will succeed Roland Fortner who will be taking a new position within Union Pacific’s marketing and sales group. Coalson has been with Union Pacific for 34 years, most […] [Read More]
Westlake Remarketing Reveals Its 2012 Top Auctions
Auto Remarketing Staff
Last week, the Westlake Financial Services Remarketing Department named its top auctions for 2012, with four locations taking home the honors. The honorees are as follows: Rawls Auto Auction (Leesville, S.C.) was named the Eastern Region Auction of the Year; Kansas City Independent Auto Auction (Kansas City, Mo.) takes top honors for the Midwest, and […] [Read More]
New Auction Academy President Announced
Auto Remarketing Staff
Auction Academy, which saw industry participation that exceeded first-year expectations, will start its second year off with a new president. Pierre Pons, president and chief executive officer of TPC Management Co., which developed Auction Academy, announced that Richard Curtis will serve as president of the professional education program for the auto auction industry. “The independent […] [Read More]
Hallett Pinpoints Financial Impact to Insurance Auto Auctions in Navigating Sandy Salvage Aftermath
Nick Zulovich
On the same day insurance officials came out with revised damage estimates, KAR Auction Services chief executive officer Jim Hallett certainly had the numbers to back up an assertion that Superstorm Sandy was the most catastrophic event in the history of Insurance Auto Auctions. Because of additional equipment and manpower as well as logistical obstacles […] [Read More]
Which Auctions Are Best in Class? Donlen Announces Winners
Auto Remarketing Staff
Which vehicle auctions are delivering the highest levels of service? In its annual ranking, Donlen this week announced its 2012 winners for best-in-class vehicle auctions, recognizing its auction partners that have achieved the highest levels of service delivery. Dan Powers, Donlen’s director of remarketing, said, “The partnership we form with the auctions is a vital […] [Read More]
ServNet Organizes Membership Into Tactical Committees
Auto Remarketing Staff
ServNet revealed this week it has made a change to its organizational structure. The auction group announced it is dividing its membership into tactical committees, reported Patty Stanley, ServNet's vice president and owner of two ServNet locations: Carolina Auto Auction and Indiana Auto Auction. And the committees are broken up as follows — each owner […] [Read More]
KAR’s Annual Net Income Jumps 27 Percent
Auto Remarketing Staff
Late Wednesday, KAR Auction Services reported its fourth-quarter and full-year financial results, performances that included a 27-percent increase in net income. The company arrived at that 2012 net income level thanks to a revenue increase of 4 percent year-over-year. KAR indicated its full-year revenue came in at $1.96 billion, up from the 2011 total of […] [Read More]
Florida Manheim Site Unveils Body Shop Expansion
Auto Remarketing Staff
Facing increased demand and with a goal of boosting its conservation efforts, one Manheim site has announced the completion of a year-long project to significantly expand its body shop. Revealed this week by Manheim Palm Beach is the culmination of a 12-month project designed to raise its body work capacity to meet increasing demand, and […] [Read More]
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