While deflecting questions about the depth it might eventually venture into the whole-car space, Copart highlighted how many segments of its 2011 fiscal year performance climbed by double digits. Before going into specific numbers, chief executive officer Jay Adair told investment analysts on a conference call Wednesday that “it seems like the year has been […] [Read More]

GE Capital Fleet Services recently revealed it has expanded its relationship with Carfax and will report more history information to the company in an effort to provide the wholesale market with greater access to more data. Now, dealers and buyers at auction will have access to Carfax Vehicle History Reports on GE Fleet units that […] [Read More]

After 22 years as a member of the National Auto Auction Association, Charlotte Pyle is excited to be taking on the role of president during this year’s annual convention in Chicago this week. Pyle, who owns Mountain State Auto Auction along with her husband, revealed her husband Joe and his father were instrumental in getting […] [Read More]

It used to be that Joel Osserman only needed three wholesale buyers to scour auctions and pull in the necessary used units for his Waterloo, N.Y., dealership. Now, with auction prices so high these days, the president of Select EuroCars said he has 17 buyers throughout 13 states just to find the right three to […] [Read More]

Since the majority of dealers have smartphones nowadays, ADESA on Tuesday announced the creation of a mobile solution for its U.S.-based and Canada-based websites. The company explained ADESA’s mobile optimized website now can enable users registered on DealerBlock to bid on vehicles, buy vehicles and conduct the entire checkout process — all from their smartphones. […] [Read More]

Aimed at relieving dealer and auction staff stress on sale day, AutoTec’s AuctionACCESS and Automotive Finance Corp. announced they have aligned resources to offer credit-line availability and automated flooring capabilities directly to auctions via their auction management systems. Both companies believe the solution can significantly increase auction staff efficiency and customer service with quicker dealer checkouts on […] [Read More]

As all vehicle segments Black Book tracks dropped again last week, managing editor Ricky Beggs noticed only once in the past year has the company averaged more daily adjustments. In his latest online video post, “Beggs on the Used Car Market,” the Black Book veteran began by insisting last week was a very active market […] [Read More]

In an effort to streamline the online wholesale process for dealers, auctions, OEMs and financial institutions alike, Internet marketing solutions company Liquid Motors revealed Monday its new wholesale auction management software. “One Click” software, designed to simplify the process of placing inventory on online wholesale marketplaces, allows users full access integration to start, stop and […] [Read More]

Regulations force remarketing of repossessed vehicles to take a certain amount of time, but Consolidated Asset Recovery Systems believes its two newest partnerships can allow lenders to use that time as efficiently as possible. Geared to leverage potential both on the wholesale and retail fronts, CARS recently forged relationships with Copart and Asset Nation to […] [Read More]

August marked the first increase in wholesale values for the Canadian market in five months, according to the ADESA Canada Used Vehicle Price Index report. Specifically, ADESA’s data — powered by ALG Canada — indicates that the index showed a 0.15-percentage-point sequential hike, seasonally adjusted. Wholesale prices climbed 1.1 percent month-over-month, officials indicated, noting that […] [Read More]