News
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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Dealers Auto Auction Group (DAAG) has purchased Rea Brothers Mid-South Auction, creating one of the largest independent wholesale auto auction groups in the U.S., according to a company announcement.
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ADESA has launched a rewards program that allows its customers to earn points when they purchase qualifying vehicles and specialty units at physical ADESA auctions in the U.S. and through the company’s website.
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In 2017, 40% of vehicles sold at Manheim were purchased through a digital screen versus in-lane, reported Manheim in a recent announcement. This meant that through 2017, 2 million vehicles at Manheim auctions were purchased through a digital transaction.
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KAR Auction Services has named John Hammer as president of ADESA following a resignation of Stéphane St-Hilaire, who served as CEO and president of ADESA since 2014.
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General Manager of Badger State Auction Tom Francois will be stepping up to the position of IARA Membership Committee chair, joining Kim Hunt, who serves as the committee’s current co-chair and as director, client program management at Cox Automotive.
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ServNet has named Clark County Auto Auction as its newest member auction, according to a company announcement.
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Both of Manheim’s logistics solutions saw growth in 2017. Through both solutions, a little under 9 million vehicles were touched by Manheim's logistics solutions, the company stated.
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Manheim has expanded the role of its vice president of digital inventory solutions Derek Hansen, bringing on additional responsibilities and a new title, according to a company announcement.
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A Florida dealer and Oldsmobile collector has purchased three sedans that were the last of their kind from one of the automotive industry's oldest nameplates when General Motors ceased production in 2004.
Read More →United Kingdom-based Jardine Motors has signed a three-year deal with British Car Auctions (BCA) to remarket roughly 20,000 vehicles a year.
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