News

Wholesale Prices Continue to Soften

Wholesale used vehicle prices in July averaged $9,743 - down 2.2 percent compared to June 2014, and up 3.3 percent relative to July 2013.

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Carfax, Honda Extend CPO Program

American Honda Motor Co., Inc. has selected Carfax as a provider of vehicle history information for the Honda and Acura Certified Pre-Owned Vehicle programs.

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Ferrari 250 GTO Most Expensive Car Sold at Auction

A 1962 Ferrari 250 GTO Berlinetta has become the most valuable car in history to be sold at auction when it realized $38,115,000 at Bonhams' Quail Lodge Auction in Carmel, Calif.

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Ready Auto Transport, Manheim's New eGate Pass Process

Ready Auto Transport, in collaboration with Manheim, has launched a new electronic gate pass process nationwide at all Manheim locations to improve vehicle delivery time for buyers at the auction.

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FLD Hires New Director of Business Development

FLD, Inc., a privately-held automobile remarketing company, announced the addition of Damian Entrican as director of business development, central region. Entrican was formerly with the Insurance Auto Auctions.

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ADESA Raises More than $150,000 for Diabetes Charity

ADESA, a subsidiary of KAR Auction Services, Inc., announced that several of its auction locations raised $157,856 on behalf of JDRF, a funder of type 1 diabetes research.

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Manheim to Purchase Majority Stake in Brazilian Auction

As part of its long-term growth strategy to invest in emerging markets, has Manheim announced that it has purchased a majority stake in CarBizz, an auction operation based in São Paulo.

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Go Auto Exchange Expands to Florida

Though sharing land with Manheim Orlando, the new site is located off-premises and will have its own main office, cafeteria, and reconditioning facilities. The newly refurbished location will be named Go Auto Exchange Orlando.

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Kelley Blue Book's Rowe Named President AutoTrader.com

Jared Rowe has been named president of AutoTrader.com, while Steve Lind has been named president of Kelley Blue Book.

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NYC Imposes Strict Rule for Used-Car Sales

City officials are cracking down on the sale of used cars that have been recalled, but not repaired.

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