News

Full-Size Vans Only Vehicles With Rising Residual Values

The vehicles should finish the year as the only category that will increase in residual value, while the broader market should depreciate more than 12 percent.

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IARA and NAFA Exchange Memberships

As part of its efforts to forge closer ties, the International Automotive Remarketers Alliance (IARA) and NAFA Fleet Management Association have agreed to exchange memberships among their top leadership.

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PAR North America Receives TD Auto Finance Award

The company was the segment leader in key performance areas including repossession rate, time to repossession from placement, accuracy, and resolution rate.

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Sale Crowns Brasher's Sacramento Auto Auction Annivesary

The final annivesary celebration of the year was held at Brasher's Sacramento Auto Auction October 21, with a party sale that included nearly 1,000 bidders in the lanes and online, vying for more than 2,800 vehicles crossing the block.

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Former COO of NextGear Capital Joins Manheim

Manheim has selected Shane O’Dell as senior vice president of wholesale services, a new role within the company.

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Hallett of KAR Auction Services Awarded

KAR Auction Services CEO Jim Hallett was selected as the 2014 EY Entrepreneur of the Year National Services Award Winner.

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ServNet Owners Gather for Fall Owners' Meeting

Owners of the 31 ServNet Auctions gathered in Waverly, NY, for the group's Fall Owners' Meeting, which was hosted by the Barber family at State Line Auto Auction, one of the founding members of the ServNet Auction Group.

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Manheim Names New General Managers

Manheim has promoted six leaders to general manager roles at seven operating locations in Florida, Oregon, Texas, and Quebec, Canada.

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Manheim Updates Online Platforms

The enhancements, which took effect last month, are designed to help buyers find relevant inventory quicker and make the sale process easier and faster.

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Pittsburgh Auto Auction Raises Funds for Children

PAA matched 100 percent of all of the donations received from vendors, employees, and customers throughout the month, and was able to present A Child’s Place at Mercy with a check in the amount of $15,000.

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