News
State Line Auto Auction Marks 25-Year Anniversary of First Simulcast Sale
Columbus Day 2020 marks the 25th anniversary of the very first simulcast auction in the industry at State Line Auto Auction in Waverly, New York.
Columbus Day 2020 marks the 25th anniversary of the very first simulcast auction in the industry at State Line Auto Auction in Waverly, New York.
Julie Kanupke has been recognized by America’s Auto Auction for nearly 20 years of distinguished service at its Chicago auction, and has received the company’s October Spotlight Award.
ADESA brought in $20,300 during the 2020 NIADA | NABD convention and expo charity auction benefiting the NIADA Foundation.
Manheim Logistics and DHL Supply Chain have formed an exclusive collaboration to develop a more holistic transportation management system that aims to give clients and carriers the most efficient and transparent transportation experience.
Volume-weighted, overall car and truck segments both experienced continued softening in values with the overall market decreasing by 0.36% this past week.
This video features Laura Taylor of NAAA and Paul Seger of IARA discussing with Mike Antich, CAR Experience conference chair, the value of virtual events during the new landscape of less travel, social distance, and face-to-face connection loss. Attendance for the CAR Experience is free exclusively for consignors and auction personnel.
Motormindz, a global venture consultancy, partnered with NuVinAir Global, an automotive cleanliness solutions and hygienic consulting company, to assist the industry expansion of NuVinAir’s ‘“Total Health” suite of products.
KAR Auction Services, Inc. has signed a definitive agreement to acquire BacklotCars Inc., an app and web-based dealer-to-dealer wholesale platform featuring a 24/7 “bid-ask” marketplace and comprehensive vehicle inspections performed by automobile mechanics.
Manheim expanded its Digital Block sales, adding seven more locations with in-lane bidding with a live auctioneer; however, vehicles are only displayed on screens and never travel down physical lanes.
Dealers Auto Auction (DAA) of Idaho has joined ServNet’s group of independent auctions, as the auction group continues to expand its U.S. presence.
McConkey Auction Group (MAG) has expanded into the southwestern United States via a new partnership with Dealers Auto Auction (DAA) of Las Vegas.
Volume-weighted, overall car and truck segments both showed signs of slowing with the overall market decreasing by 0.15% this past week, compared to a 0.14% decrease the prior week.
The CAR Experience will be hosted live online from Oct. 12-16, 2020.
Manheim has released three new enhancements to its digital marketplace by adding significantly more images on vehicles checked in at a physical location; the opportunity to more easily transact at below-floor prices; and an additional sale format.
Volume-weighted, overall car and truck segments both showed signs of slowing down after 15 consecutive weeks of increases, with the overall market increasing by only 0.03% this past week (compared to 0.27% the prior week), according to Black Book’s recent Market Insights report.