Earlier today, Donlen named its annual best-in-class vehicle auctions, including an award for Auction of the Year as well as regional and categorical winners. Receiving this year’s recognition as Auction of the Year was Manheim Southern California. Among the other top performers were: —West Region Winner: ADESA Golden Gate —Central/Northeast Region Winner: Manheim Milwaukee —South/Southeast […] [Read More]

Now having recognized auctions for 10 years, Toyota Financial Services and Lexus Financial Services awarded its 2011 Premier Auction Award this week — the company’s highest recognition of excellence in the remarketing industry — to nine auction sites for their 2011 performances.  The 2011 Lexus Financial Services Premier Auction Award winners are: ADESA Los Angeles, […] [Read More]

As general manager and original owner Carl Miskotten takes over leadership of the Fort Wayne Auto Truck Auction once again, the auction industry veteran looked back on the history of the location and gave Auto Remarketing some insight into his journey with this business and more. The former Manheim Fort Wayne Auction facility located at […] [Read More]

Welcoming a new consignor, Sudbury Auto Auction has announced that it will begin remarketing Nissan Canada Finance vehicles. The auction said it looks to have the first sale of these units either later this month or in early May. More information can be found at www.sudburyautoauction.com or by calling 705-560-7210. Sudbury AA is located at […] [Read More]

There was a modest sequential dip in the ADESA Canada Used Vehicle Price Index in March on a seasonally adjusted basis, but officials still noticed a month-over-month uptick in wholesale prices. More specifically, ADESA’s data — powered by ALG Canada — indicated there was approximately a 4.2-percent month-over-month increase in values. [Read More]

A total of six different auctions and 13 account managers received accolades as Capital One Auto Finance handed out its annual awards. Among the Auction of the Year winners by region, the group included: —Northeast Region: Manheim Baltimore-Washington —Southeast Region: Manheim Georgia —Midwest Region: West Michigan Auto Auction —Southwest Region: Manheim El Paso —Northwest Region: […] [Read More]

Evidently, softening bidding activity Black Book spotted recently was more than just an aberration. In his latest edition of “Beggs on the Used Car Market,” Black Book managing editor Ricky Beggs recapped that, “Last week we made mention of an easing in the push for an extra bid or two. That trend continued into the […] [Read More]

As new-vehicle sales gather steam, dealers have an opportunity to ease some of their used-vehicle sourcing pain and help the new-vehicle sales department hit volume targets to earn factory bonus money: Keeping more trade-ins for retail. This is easier said than done, of course, but dealers would be remiss to not revisit their appraisal processes […] [Read More]

In light of surging gas prices, Swapalease.com surveyed consumers about how they plan to respond to the “wallop to their wallets.” What the website found is that “an overwhelming” amount are considering buying or leasing a more fuel-friendly ride. In fact, more than three-quarters of the respondents (77 percent) say they are thinking about buying […] [Read More]

KAR Auction Services announced today that it fully integrated the online, bid-now sales solutions of two of its subsidiary companies, ADESA and OPENLANE. It highlighted that the new platform — ADESA OpenLane — combines the vehicle inventory that was previously available on ADESA DealerBlock with the inventory available on OPENLANE.com into one unified online venue. […] [Read More]