News

NextGear Capital Adding 200 Jobs

The company plans to make investments exceeding $50.88 million to lease and renovate its corporate offices in Carmel, Ind., to support its growing customer service and technology divisions as well as upgrade its technology infrastructure and software.

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Metro Auto Auctions Name Director of Sales

Bill Westlake has been named director of national commercial sales for Metro Auto Auctions. In his new role, he will work with both Metro Auto Auction locations, in Phoenix and Dallas.

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IARA Names New President

Jeannie Chiaromonte, VP and national remarketing manager for Bank of America, was named president of the International Automotive Remarketers Alliance (IARA) at the 2015 Summer Roundtable held August 18-19 in Fort Worth, Texas.

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2015 IARA Summer Roundtable Roundup

The International Automotive Remarketers Alliance (IARA) held its 2015 Summer Roundtable event August 18-19 At the Hilton Fort Worth in Texas. There were more than 200 registrations for this year’s conference.

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Used Vehicle Sales Strengthening, Edmunds Says

Certified pre-owned vehicle sales accounted for 22.7 percent of used sales by dealers, setting a record for a single quarter, according to a report by Edmund's.com. Overall, the sale of used vehicles came in strong in the second quarter of 2015 at approximately $9.6 million, growing at a 5.1 percent year-over-year.

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Used-Vehicle Prices Decline Three Months Straight

For the third month in a row, average wholesale used vehicle prices fell significantly on a month-over-month basis, falling below $10,000 for the first time this year.

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Manheim Pennsylvania Celebrates 70 Years

On August 19, Manheim Pennsylvania, which began as a three car, single-lane auto auction in 1945 and today uses 33 lanes as well as digital access to facilitate the sale of 450,000-plus vehicles per year, celebrates seven decades.

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Insurance Auto Auctions Expands Branch in Austin

The facility, now comprising 57 acres, offers IAA buyers and sellers an improved auction experience.

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Four ADESA Auctions Raise More than $283,000 for Charity

Four ADESA auctions, in partnership with the Ford Global Action Team, raised more than $283,000 for JDRF, the leading funder of type 1 diabetes (T1D) research.

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TPC Management Names New Partner

TPC Management Company announced that 11-year company veteran Jiles Wanna has been promoted to the position of Partner with the firm.

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