As dealers continue to search for turn-ready inventory, Auction Edge announced this week that auction employees can now view used-car managers' credit lines and available credit with Automotive Finance Corp. floor plans. Officials explained this enhancement can enable auction personnel to help the dealer complete their purchases and finalize the floor planning of inventory through […] [Read More]

From new routes to new savings programs, Allied Automotive Group and National Transport LLC each announced updates this week to the way they do business. Calling its initiative an industry first, Allied Automotive Group announced the Super-Saver Daily Specials program which offers auto shippers daily online access to numerous North American routes at reduced, all-inclusive […] [Read More]

The National Auto Auction Association has honored two industry veterans for their accomplishments and service, presenting one with the Industry Pioneer Award and the other with the 2012 Bernie Hart Memorial Auctioneer Award. The award presentations were made this week during the NAAA’s 64th annual conference held in Orlando. Recognized with the NAAA’s Industry Pioneer […] [Read More]

While touching on several elements of the nation’s economic standing, ALG took a deeper look at Canada’s housing market because the firm strongly believes home price growth can have a significant impact on residual values. In fact, ALG determined a change in housing prices over a 48-month term can contribute a 0.2-percent rise in average […] [Read More]

Impact Auto Auctions revealed when its new Impact Toronto facility will open as well as when sales will begin. Officials plan to open the new operation and start to take assignments on Tuesday with sales commencing in mid-November. They indicated auction sale dates will be announced in the near future. Impact Toronto is located at […] [Read More]

A former sheriff and powerlifting champion, Frank Hackett has led National Auto Auction Association as its chief executive for the past eight years. Auto Remarketing recently chatted with Hackett about his journey to the remarketing business and all the interesting stops along the way. [Read More]

Wheels, Inc. announced its Auction Performance Awards on Wednesday, recognizing the auction locations that had the strongest sales performance results for the company's clients during the past year. The company also spotlighted those that made the greatest improvements. “Delivering strong resale proceeds and an overall positive remarketing experience for our clients would not be possible […] [Read More]

After starting to move vehicles down the lanes at its new Keystone State operation last month, Auction Broadcasting Co., is gearing up for ABC Lancaster Pennsylvania’s grand opening sale, which is scheduled for Wednesday beginning at 10 a.m. The company anticipates having more than 1,300 vehicles and more than $5,000 in giveaways, as well as […] [Read More]

When Black Book reviewed last month’s overall wholesale price movements, editors found that import model values declined more than ones associated with domestic units. To be exact, editors noticed import used-vehicle values dropped by 1.8 percent compared with domestic models, which ticked down by 1.4 percent. Black Book indicated used imports are currently averaging $20,033, […] [Read More]

With years of auction industry leadership under his belt, Paul Lips is now stepping into his role guiding the National Auto Auction Association as its 2013 president. But interestingly enough, it was the need for a change-of-pace that brought him into the auction business in the first place. Some six years into his career in […] [Read More]