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NewsNovember 12, 2014

American Auto Auction Group Rebrands as XLerate Group

Cam Hitchcock, CEO of American Auto Auction Group (AAAG), announced the rebranding of AAAG at the opening ceremonies of Used Car Week’s National Remarketing Conference.

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NewsNovember 11, 2014

Depreciation Reaches Yearly High in October

Domestic cars lost the most in value at 3.2 percent among vehicles from the 2009-2013 model-years, while domestic trucks lost 2.1 percent. Compact pickups and full-size passenger vans and full-size cargo vans showed the most strength.

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NewsNovember 10, 2014

2014 Certified Pre-Owned Study Results

According to the study, shoppers are increasingly considering CPO vehicles, and once shoppers turn into buyers, they are satisfied, loyal, and many are likely to turn into new-car buyers for future purchases.

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NewsNovember 7, 2014

NIADA Opposes NYC Open Recall Proposal

Shaun Petersen, regulatory counsel for the National Independent Automobile Dealers Association (NIADA), told a committee of the New York City Council that the City's proposed ban on the sale of used cars with unrepaired recalls needs a little repair work itself.

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NewsNovember 6, 2014

Manheim Detroit Names New General Manager

Manheim has promoted Mandy Savage to general manager of Manheim Detroit. In this role, she will be responsible for leading auction activities, improving customer service, and driving business efficiencies.

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NewsNovember 5, 2014

IARA Releases Open Letter on Cross Bidding Multi-Platform Sales

One of the industry groups leading the charge to make a cross bidding multi-platform sales a reality is the International Automotive Remarketers Alliance (IARA) Standards Committee, which has released an open letter about the benefits of cross bidding multi-platform sales.

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NewsNovember 5, 2014

Used Truck Volumes and Prices Rise

Total reported volumes of used Class 8 trucks rose 6 percent month-over-month and 4 percent year-over-year in September.

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NewsNovember 4, 2014

Manheim Philadelphia Celebrates Chrysler Partnership

The very first Chrysler Factory sale was held at Hatfield Auto Auction (now known as Manheim Philadelphia) in 1964. Both companies have maintained this relationship for 50 years.

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NewsOctober 31, 2014

NAAA Increases Merit Scholarship Funding

The National Auto Auction Association Warren Young, Sr., Scholastic Foundation recently increased the amount of its annual merit scholarships to a total of $52,000.

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NewsOctober 31, 2014

Greater Rockford Auto Auction Jackpot Promo

The Greater Rockford Auto Auction launched the Consumer Portfolio Services Jackpot promotion in October for all CPS vehicles purchased.

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