News

ServNet Withdraws from Multiplatform Bidding System initiative

ServNet announced that it has decided not to participate in the remarketing industry’s currently proposed Multiplatform Bidding System initiative (MPS).

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AFC Names Vice President of Operations West Division

Automotive Finance Corporation (AFC), a business unit of KAR Auction Services announced that Johnny Shroyer has been promoted to vice president of operations, west division.

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KAR Auction Services Names New VP

Rich Levene has been promoted from director to vice president of enterprise optimization for KAR Auction Services.

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ADESA Exits Multiplatform Online Auction Initiative

ADESA will not participate in an automotive remarketing industry initiative to establish a platform that would allow simultaneous bidding on vehicles listed on multiple online auction sites.

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MOTOR TREND Certified Vehicles Program Debuts

MOTOR TREND Certified Vehicles, a Certified Pre-Owned program for a franchised dealer’s “other makes and model” vehicles, announced that Bob Wade Autoworld has become the exclusive MOTOR TREND Certified Dealer in Harrisonburg, Va.

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Black Book Names Account Manager

Black Book has named Christopher Gluth as account manager, national accounts, to its Activator Division.

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Used-Vehicle Prices Rise 3.6 Percent

Wholesale used-vehicle prices in January averaged $10,220 – up 3.6 percent compared to December and up 2.4 percent relative to January 2014.

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ADESA Names SVP of Strategic Initiatives

ADESA, a business unit of KAR Auction Services, announced that John Hoctor has been named senior vice president of strategic initiatives.

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Brasher's Adds Auction in California

The ServNet Auction Group announced the addition of its 32nd auction location: Brasher's Fresno Auto Auction in California.

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Manheim Partners with Hendrick Automotive

Manheim established Manheim Charlotte, an onsite auction operation at a Hendrick Automotive Group dealership in Concord, N.C.

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