News

May Auctions in NY, Ohio, Indiana, Massachusetts

Equipment and vehicles from utilities and related companies will be sold off at JJ Kane auctions in New York, Ohio, Indiana and Massachusetts in the month of May. The auctions will be held May 9, 14 and 16.

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2015 IARA Roundtable Registration Opens Soon

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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GE Capital Finances Acquisition of America’s Auto Auction

GE Capital announced it is providing financing as part of an $88 million senior secured credit facility to support the acquisition of America’s Auto Auction (AAA) by Trinity Hunt Partners.

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Small Used Cars Selling Well, Auctions Report Buyer Slowdown

Overall, the volume-weighted car values were flat from last week, according to Black Book. The volume-weighted truck values increased by +0.31 percent from the past week.

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Arizona Auctioneer Wins World Championship

Bobby Ehlert of Phoenix was crowned the world champion auto auctioneer at the 2015 World Auto Auctioneers Championship, held April 17 at Manheim Nevada in Las Vegas.

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Manheim Expands Mobile Auction Network

Manheim has added two new trucks to its fast-growing mobile auction network. The company also outlined plans to roll out up to eight additional mobile units later this year, bringing the total number in service to as many as 24 by year’s end.

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Manheim Nevada Hosts 27th Annual World Automobile Auctioneers Championship

The event showcases more than 100 competitors battling for top honors across three categories – best auctioneer, best ring person, and best two-person team – as well as $25,000 in prize money.

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ADESA Indianapolis Raises $77,000 for JDRF

ADESA, a business unit of KAR Auction Services, announced that the ADESA Indianapolis auction hosted the charity auction of a 2013 Porsche Cayenne Turbo that raised $77,000 for the Juvenile Diabetes Research Foundation (JDRF).

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Dent Wizard International Sold to Gridiron Capital

Headquartered in St. Louis, Dent Wizard offers comprehensive product and service offerings and operates throughout the U.S. and Canada.

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Black Book Adds VP of Lender Solutions

Teague is responsible for overseeing strategic operations to help Black Book’s automotive lender clients leverage vehicle data and collateral analytics for profitable portfolio management and expansion.

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