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Categories: Auctions

Tom Rastelli will take the helm at Manheim Albany while John Duplanty will take over leadership of Manheim Portland.

https://www.vehicleremarket.com/349741/2-new-general-managers-head-to-manheim-albany-and-portland
Categories: Auctions, Remarketing, Technology
In the Lane & Online: The Evolution of Remarketing

Vehicle remarketing has come a long way from its early “cattle” auction days. Advancements in technology have made it possible to reach a wider audience of...

https://www.vehicleremarket.com/148085/in-the-lane-online-the-evolution-of-remarketing
Categories: Auctions
KAR Expands Global Reach with Online Wholesaler Acquisition

KAR Auction Services, Inc. has completed the acquisition of CarsOnTheWeb.

https://www.vehicleremarket.com/324306/kar-expands-global-reach-with-online-wholesaler-acquisition
Categories: Auctions, Global Fleet, Operations, Rental Operations
Hurricane Irma Could Wipe out 400,000 Vehicles

As many as 400,000 vehicles in Florida will need to be replaced as a result of Hurricane Irma, including as many as 11,000 fleet vehicles, according to Cox...

https://www.worktruckonline.com/142141/hurricane-irma-wiped-out-up-to-400-000-vehicles
Categories: Auctions

Auction Broadcasting Company is offering a 100% Buy-Back Program to dealers who purchase vehicles from the consignment lanes at five of its auctions.

https://www.vehicleremarket.com/147952/abc-launches100-buy-back-program
Categories: Auctions, Global Fleet, Operations

Copart, Inc. has opened its sixth location in Brazil, according to a company announcement. Its sixth location will be located in Betim, Minas Gerais and...

https://www.automotive-fleet.com/139967/copart-opens-sixth-location-in-brazil
Categories: Auctions, Remarketing, Used Vehicle Values
Chevrolet's Six-Figure Trucks at Auctions

As vintage Chevrolet trucks increase in popularity with enthusiasts, more trucks are going up for auction and sale prices for the most coveted trucks keep...

https://www.automotive-fleet.com/144671/gallery-chevrolet-s-six-figure-trucks-at-auctions
Categories: Auctions, Operations
5 Remarketing Channels for Fleet Vehicles

Residual value continues to be a big part of a fleet vehicle’s total cost of ownership (TCO). Traditionally, vehicles have been remarketed through physical...

https://www.vehicleremarket.com/operations/337642/5-remarketing-channels-for-fleet-vehicles
Categories: Auctions, Global Fleet, Operations
Hurricane Harvey Could Create 1M Salvage Vehicles

While market watchers agree that Hurricane Harvey's impact stretches beyond Houston-area automotive business, estimates on exactly how many vehicles will...

https://www.businessfleet.com/141965/up-to-1m-cars-could-be-totaled-by-hurricane-harvey
Categories: Auctions, Global Fleet, Remarketing

Salvage auction specialist Copart has acquired Autovahinkokeskus Oy, a salvage auto auction company based in Finland, the company announced.

https://www.vehicleremarket.com/279101/copart-acquires-finnish-salvage-auction-avk
Categories: Auctions
Auction Volume Grows Slightly in June

The amount of vehicles in auction that are 5 years old or newer increased 0.3% year-over-year in June, according to J.D. Power's July 2019 Used Car and...

https://www.vehicleremarket.com/336614/auction-volume-sees-small-gain-in-june
Categories: Auctions
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...

https://www.vehicleremarket.com/321751/manheim-launches-first-mobile-auction-in-iowa
Categories: Auctions, Remarketing
How Digital Sales at Manheim Began and Where They're Heading

Manheim made its first digital sale a little over 20 years ago. Over the past 20 years, the company's digital sales have grown from fewer than 100 annual...

https://www.vehicleremarket.com/332055/manheims-peluso-talks-digital-auction-sales
Categories: Auctions, Global Fleet, Operations, Remarketing

Copart, Inc., a leading online vehicle auction company, has opened its second facility in the Middle East, Copart Bahrain Auctions W.L.L.

https://www.automotive-fleet.com/129390/vehicle-auction-expands-in-the-middle-east
Categories: Auctions

The new 9,000-square-foot facility will sit atop 40-acres of land and marks the 11th IAA facility in Florida.

https://www.vehicleremarket.com/310182/iaa-completes-construction-of-new-auction-in-florida
Categories: Auctions

Matt Itami will serve as the general manager of ADESA Chicago, while Cheryl Toler will serve as the general manager of ADESA Fresno.

https://www.vehicleremarket.com/304224/adesa-names-two-new-general-managers
Categories: Auctions, Global Fleet, Operations, Rental Operations
Hurricane Irma Could Wipe out 400,000 Vehicles

As many as 400,000 vehicles in Florida will need to be replaced as a result of Hurricane Irma, including as many as 11,000 fleet vehicles, according to Cox...

https://www.fleetfinancials.com/142141/hurricane-irma-wiped-out-up-to-400-000-vehicles
Categories: Auctions, Remarketing
KAR Global Transitions to Simulcast-Only Sales to Minimize Coronavirus Exposure

KAR Global is immediately transitioning to Simulcast-only sales at all U.S. and Canada ADESA auction locations until further notice as the coronavirus...

https://www.automotive-fleet.com/353358/kar-global-transitions-to-simulcast-only-sales-to-minimize-coronavirus-exposure
Categories: Auctions, Fleet Management as a Service, Maintenance, Rental Operations
Labor Shortage Increases But Economic Uncertainty Emerges

The robust economy is creating record numbers of new jobs and a subsequent labor shortage that is being exacerbated by the large wave of Baby Boomer...

https://www.worktruckonline.com/346322/labor-shortage-increases-but-economic-uncertainty-emerges
Categories: Auctions, Global Fleet, Operations

Copart, Inc. has opened its sixth location in Brazil, according to a company announcement. Its sixth location will be located in Betim, Minas Gerais and...

https://www.vehicleremarket.com/139967/copart-opens-sixth-location-in-brazil
Categories: Auctions, Fleet, Remarketing

KAR Auction Services ADESA unit is partnering with fleet management company Emkay to raise $267,000 over six years to support JDRF, which funds type 1...

https://www.automotive-fleet.com/278735/emkay-adesa-to-raise-funds-for-diabetes
Categories: Auctions

The company was founded by eight independent auction owners who developed the idea of forming a cooperative marketing network that would share ideas and...

https://www.vehicleremarket.com/278878/servnet-celebrates-30th-anniversary
Categories: Auctions
Southeast: Tax Season Kicks In, Cars Bounce Back

Southeast-region auctions are seeing a seasonal increase in values driven by tax-return-driven buying at dealer lots, but say the spring bump isn't as...

https://www.vehicleremarket.com/157313/southeast-tax-season-kicks-in-cars-bounce-back
Categories: Auctions, Global Fleet, Operations, Remarketing

As part of its long-term growth strategy to invest in emerging markets, has Manheim announced that it has purchased a majority stake in CarBizz, an auction...

https://www.automotive-fleet.com/119701/manheim-to-purchase-majority-stake-in-brazil-s-carbizz
Categories: Auctions

Bruce Beam, the general manager of Dealers Auto Auction of Oklahoma City will serve as ServNet's president for the next two years.

https://www.vehicleremarket.com/343007/servnet-appoints-new-president
Categories: Associations, Auctions

A good auction brings buyers and sellers together. But what are the best methods not only for getting the word out about a sale but ensuring that you’re...

https://www.vehicleremarket.com/147951/how-to-market-a-sale
Categories: Auctions, Remarketing
Manheim Completes $400M Operational Upgrade

The initiative began in 2014, when the company first announced that its $400 million multiple-year project to transform its auction operations. In that time...

https://www.automotive-fleet.com/304989/manheim-completes-400m-auction-enhancement-project
Categories: Auctions, Global Fleet, Operations
Hurricane Harvey Could Create 1M Salvage Vehicles

While market watchers agree that Hurricane Harvey's impact stretches beyond Houston-area automotive business, estimates on exactly how many vehicles will...

https://www.government-fleet.com/141965/up-to-1m-cars-could-be-totaled-by-hurricane-harvey
Categories: Auctions, Global Fleet, Operations, Rental Operations
Hurricane Irma Could Wipe out 400,000 Vehicles

As many as 400,000 vehicles in Florida will need to be replaced as a result of Hurricane Irma, including as many as 11,000 fleet vehicles, according to Cox...

https://www.businessfleet.com/142141/hurricane-irma-wiped-out-up-to-400-000-vehicles
Categories: Auctions, Remarketing
ADESA Halts Physical Auction Sales

KAR Global is halting physical sale operations across North America at all ADESA locations, and includes Simulcast-only sales for at least the next two weeks.

https://www.vehicleremarket.com/353706/adesa-halts-physical-auction-sales
Categories: Auctions

For every vehicle that the auction group sells in 2018, it will donate a portion of the proceeds to the foundation. The auction group's goal is to raise...

https://www.vehicleremarket.com/306552/alliance-auto-auction-raising-money-to-aid-human-trafficking-victims
Categories: Auctions

The XLerate Group has acquired Southeastern Auto Auction in Savannah, Ga., and Morton Auto Auction in Morton, Ill., the auction provider has announced. The...

https://www.vehicleremarket.com/322648/xlerate-acquires-auctions-in-georgia-illinois
Categories: Auctions, Fleet Management as a Service, Remarketing
Q&A: Manheim's Grace Huang Looks Ahead

Manheim's president who oversees the inventory solutions unit offers thoughts on fleet mobility services, bringing artificial intelligence to inspections,...

https://www.fleetfinancials.com/339310/qa-manheims-grace-huang-looks-ahead
Categories: Auctions

ADESA has named managers for auction locations in San Diego and San Jose as well as a new executive sales director for the company, corporate parent KAR...

https://www.vehicleremarket.com/307180/adesa-names-gm-pair-sales-director
Categories: Auctions, Fleet Management as a Service, Maintenance, Rental Operations
Labor Shortage Increases But Economic Uncertainty Emerges

The robust economy is creating record numbers of new jobs and a subsequent labor shortage that is being exacerbated by the large wave of Baby Boomer...

https://www.truckinginfo.com/346322/labor-shortage-increases-but-economic-uncertainty-emerges
Categories: Auctions
Southeast: Fleet Business Increasing in Carolina

In South Carolina, one auction is seeing an increase in former fleet vehicles. In South Florida, another auction is bucking lower luxury residual values.

https://www.vehicleremarket.com/156943/southeast-fleet-business-increasing-in-carolina
Categories: Auctions, Remarketing, Technology
Manheim's Digital Sales Reach 40% in 2017

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...

https://www.vehicleremarket.com/278489/manheims-digital-sales-reach-40-in-2017
Categories: Auctions
ServNet Awards $19,000 in Scholarships

The program, which is now in its third year, awards $1,500 to students that are attending a two-year college and $2,500 to those attending a four-year...

https://www.vehicleremarket.com/303034/servnet-awards-19-000-in-scholarships
Categories: Auctions
Manheim Names VP of Offsite Solutions

Manheim has expanded the role of its vice president of digital inventory solutions Derek Hansen, bringing on additional responsibilities and a new title,...

https://www.vehicleremarket.com/143785/manheim-names-vp-of-offsite-solutions
Categories: Auctions, Fleet Management as a Service, Remarketing
Q&A: Manheim's Grace Huang Looks Ahead

Manheim's president who oversees the inventory solutions unit offers thoughts on fleet mobility services, bringing artificial intelligence to inspections,...

https://www.automotive-fleet.com/339310/qa-manheims-grace-huang-looks-ahead
Categories: Auctions, Remarketing
KAR Global Transitions to Simulcast-Only Sales to Minimize Coronavirus Exposure

KAR Global is immediately transitioning to Simulcast-only sales at all U.S. and Canada ADESA auction locations until further notice as the coronavirus...

https://www.fleetfinancials.com/353358/kar-global-transitions-to-simulcast-only-sales-to-minimize-coronavirus-exposure
Categories: Auctions
Dealers Auto Auction Acquires Rea Brothers Mid-South Auction

Dealers Auto Auction Group (DAAG) has purchased Rea Brothers Mid-South Auction, creating one of the largest independent wholesale auto auction groups in the...

https://www.vehicleremarket.com/278640/dealers-auto-auction-acquires-rea-brothers-mid-south-auction
Categories: Auctions

Copart will expand its Tucson, Ariz. location, due to a growth in volume, the salvage auction specialist announced.

https://www.vehicleremarket.com/279496/copart-expands-tucson-auction
Categories: Auctions
Richmond Auto Auction Holds its Largest Sale

The sale ran more than 900 vehicles — about 80 of them were exotics and classics — and saw a nearly 70% conversion rate.

https://www.vehicleremarket.com/341254/richmond-auto-auction-holds-its-largest-sale
Categories: Auctions
KAR Auction Names C-Level Pair at ADESA

The company has appointed Paul Lips to the newly created position of chief commercial officer or ADESA, while Srisu Subrahmanyam will transition from his...

https://www.vehicleremarket.com/278855/kar-auction-names-c-level-pair-at-adesa
Categories: Auctions

Pierre Pons, who served as ServNet's CEO for 12 years, will step down as the organization transitions into a single executive director-led structure.

https://www.vehicleremarket.com/331918/servnet-ceo-stepping-down-at-the-end-of-2019
Categories: Auctions, Operations
Copart Opens New Location to Prepare for Severe Weather

Copart has opened a new location in Lumberton, N.C., meant to serve as a catastrophe response facility during severe weather events along the United States’...

https://www.vehicleremarket.com/304222/copart-opens-new-location-to-prepare-for-severe-weather
Categories: Auctions, Operations, Remarketing
Salvage Auctions Estimate Volume of Hurricane-Damaged Vehicles

While the effect that Hurricane Irma had on Insurance Auto Auction's and Copart's operations in Florida was relatively mild, Houston was a different story.

https://www.vehicleremarket.com/157684/salvage-auctions-estimate-volume-of-hurricane-damaged-vehicles
Categories: Auctions, Remarketing
Manheim Completes $400M Operational Upgrade

The initiative began in 2014, when the company first announced that its $400 million multiple-year project to transform its auction operations. In that time...

https://www.vehicleremarket.com/304989/manheim-completes-400m-auction-enhancement-project
Categories: Auctions, Global Fleet, Operations
Hurricane Harvey Could Create 1M Salvage Vehicles

While market watchers agree that Hurricane Harvey's impact stretches beyond Houston-area automotive business, estimates on exactly how many vehicles will...

https://www.fleetfinancials.com/141965/up-to-1m-cars-could-be-totaled-by-hurricane-harvey


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