News

Car Values Starting to Slide, Truck Values Stable

An increasing number of car segments are displaying greater week-over-week depreciation, while trucks continue to show solid strength in the market, with seven truck segments either unchanged or positive change on the week.

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Donlen Names Top Auction Award Winners

Each year, Donlen recognizes top automobile auction partners that work closely with Donlen to bring high levels of service to Donlen’s remarketing program.

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Manheim Car Show to Benefit Make-A-Wish

Manheim Louisville and its employees will host the Cruisin’ for Wishes car show and fundraiser May 16 that will benefit Make-A-Wish Ohio, Kentucky, and Indiana.

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ADESA Golden Gate Receives Honors

ADESA Golden Gate was named Auction of the Year for 2014 by VW Credit, Inc. (VCI). The auction was also honored with LeasePlan’s 2014 Stellar Performance award and with General Motors’ Overall Achievement awards for December, January, and March.

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Vehicle Auction Expands in the Middle East

Copart, Inc., a leading online vehicle auction company, has opened its second facility in the Middle East, Copart Bahrain Auctions W.L.L.

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Vehicle Logistics Companies Partner to Expedite Auto Transport

ShipCarsNow and Ready Auto Transport have joined forces to provide truck or rail transportation to vehicle shippers as a response to increasing volumes for remarketed and new cars.

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Compact SUVs Bolster April Depreciation

Compact SUVs held the strongest retention value in April, increasing 2.8 percent in a month that saw overall depreciation largely unchanged from March levels, according to Black Book.

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TFS Sees 17 Percent Rise in Conversion Rates

After a partnership between Toyota Financial Services (TFS) and Manheim, TFS’ conversion rates have risen 17 percent, and have achieved gains in both bids per sale and retention value.

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Registration Open for IARA Summer Roundtable

The 2015 International Automotive Remarketers Alliance (IARA) Summer Remarketing Roundtable will be held August 17-20 at the Hilton Fort Worth in Fort Worth Texas.

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KAR Names VP of Strategic Initiatives

Jay Bahel has been promoted to VP of strategic initiatives for KAR Auction Services.

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