In addition to his monthly look at the specialty wholesale market, Black Book’s Ricky Beggs shared how dealers are zeroing in more on specific vehicles they need when going to the lanes. “From all of the reports and insight we have received, our view is that the used industry is focused on getting the right […] [Read More]

Insurance Auto Auctions recently signed a long-term agreement to continue its 17-year partnership with the National Kidney Foundation. Officials highlighted the relationship will continue to drive charitable donations and provide the National Kidney Foundation with funding to provide additional life-saving services to both patients and the medical community through its nationally recognized Kidney Cars Program. […] [Read More]

Manheim expanded its Trade Desk Wednesday to support more dealers across more sales channels. The company highlighted director of Manheim Trade Desk Ben Gutwein and his team will now offer both high-volume buyers and sellers one-on-one advice on Manheim’s complete portfolio of in-lane and digital products and services 24 hours a day, seven days a […] [Read More]

Because of more than two years of success remarketing vehicles online, Toyota Financial Services told Auto Remarketing Friday that it’s committed to pushing its offerings to the Internet before they go down physical auctions lanes. Mike Reid, national manager of remarketing at Toyota Financial Services, said late last week, “Everything we have a title on will go […] [Read More]

More than 225 used-car managers and dealer personnel registered to learn what Black Book’s Rick Beggs and Manheim’s Tom Webb expect to unfold during the fourth quarter. Each wholesale expert made the connection between price and volume trends established two years ago or more and levels seen in the lanes today. In fact, to support […] [Read More]

Attending last week’s National Auto Auction Association convention gave Black Book’s Ricky Beggs access to new information. Beggs indicated there seems to be a slight uptick in sales conversion rates as more than one auction showed the Black Book vice president and managing editor multiple reports of a better sales percentage. Reacting to this development […] [Read More]

As the National Auto Auction Association convention prepared to conclude last week, the group welcomed several industry veterans into its Hall of Fame, including Dan Kennedy, of General Motors; Tim West, of Black Book; Alexis Jacobs, of Columbus Fair Auto Auction; and the Exhibitor of the Year award went to Ralph Robinson, of Auto Use. […] [Read More]

Chase Auto Finance revealed its 2011 Chase Cup for Auction Excellence winners Thursday at the National Auto Auction Association’s annual conference in Chicago. One Midwest auction even took home two awards — including the overall prize. The winner of this year’s Chase Cup for best national auction is ADESA Cincinnati-Dayton. This ADESA auction also took […] [Read More]

Coming in conjunction with remarks by its executive team, Wheels named its annual award winners during the National Auto Auction Association convention. During a special ceremony, Wheels honored the following operations: —Carolina Auto Auction: Southeast Region Performance Award. —Manheim Central Florida: Southeast Region Performance Award. —Manheim New Jersey: Eastern Region Performance Award. —Manheim Dallas: Western […] [Read More]

Despite the declining trend in the wholesale industry, Auction Broadcasting Co.’s chief executive officer revealed to Auto Remarketing that his group’s auctions are seeing consistent year-over-year volume growth. Talking in percentages, Mike Hockett reported total units sold are up 17.5 percent year-over-year, with most of the growth coming from dealer consignments — up 26.5 percent […] [Read More]