Auctions - Tagged Posts - Vehicle Remarketing

Manheim Introduces New Vehicle-Tracking Technology

The new technology — Lot Vision — is a GPS-based wireless device placed in a vehicle's on-board diagnostics port. The tracking device can also be attached to a steering wheel in the event that a vehicle does not have an on-board diagnostic port.

TradeRev Shortens Auction Times on Platform for 2019

TradeRev will condense its auction time frame from the current one-hour auction and one-hour closing period to a 45-minute auction and 15-minute closing period beginning Feb. 5, 2019.

Online Canadian Auction Company Enters U.S. Market

Eblock, a fast-growing online auction in Canada, will begin operating in the U.S. from a head office in Burlington, Vt., the company announced.

XLerate Acquires Auctions in Georgia, Illinois

The XLerate Group has acquired Southeastern Auto Auction in Savannah, Ga., and Morton Auto Auction in Morton, Ill., the auction provider has announced. The group now operates 20 auctions in eight states.

Louisiana Auction Finishes $2M Renovation

Lake Charles Auto Auction recently reopened its 4,000 square-foot main office building after a $2 million renovation.

Manheim Launches First Mobile Auction in Iowa

Roughly 124 dealers participated in the sale, with the majority participating through digital channels. Manheim offered 118 vehicles during the sale, and sold more than half.

ACV Auctions Secures Additional $93M in Funding

The company has been in operation for three years, and now sells over 10,000 wholesale vehicles a month, representing 1% of all vehicles sold at auctions in the U.S.

Michigan Auction FastLane Joins ServNet

ServNet has added FastLane Auto Exchange, a Michigan-based auction, to its network of auctions, making it the auction group’s 23rd location nationwide.

Dealers Auto Auction Names GM for Tenn. Auction

Ryan Edwards has joined Dealers Auto Auction of Murfreesboro as the auction’s general manager.

KAR Acquires Europe-Based Online Auction Company

KAR Auction Services, Inc. has reached a definitive agreement to acquire CarsOnTheWeb (COTW), an online auction company serving the wholesale vehicle sector in Continental Europe, according to a company announcement.