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September 28, 2017 - Industry News

RMS Automotive Adds Carfax Search to Digital Sales Platform

Dealers with a Carfax Advantage account can now use Carfax information when searching for inventory through manufacturers’ digital sales platforms powered by RMS Automotive. BMW Financial Services NA LLC is the first company to incorporate the search function into its RMS-powered digital marketplace.

Tags: Auto Auctions, Carfax, remarketing, RMS Automotive, vehicle history report

September 7, 2017 - Industry News

Manheim to Close Florida Auctions Ahead of Irma

Satellite image of Manheim Fort Lauderdale via ThingLink.

Manheim said it's closing four of its Florida auctions on Friday ahead of Hurrican Irma's expected landfall there. The storm battered Puerto Rico on Wednesday after striking the northern Lesser Antilles and the Virgin Islands with 185-mile-per-hour winds.

Tags: ADESA, Auto Auctions, Hurricane Harvey, Kar Auction Services, Manheim, Natural Disaster

August 31, 2017 - Industry News

Black Book: Harvey May Have Totaled 1 Million Vehicles

Black Book issued its estimate days after Cox Automotive Chief Economist Jonathan Smoke said the number of damaged vehicles could reach half a million. With Harvey coming ashore near the Texas-Louisiana border on Wednesday, forecasts remain fluid.

Tags: Auto Auctions, Hurricane Harvey, Hurricanes, Retail Sales, Wholesale Pricing

July 18, 2017 - Industry News

RMS, vAuto Partner to Provide Dealers Access to Manufacturers' Pre-Auction Inventory

The partnership integrates open sale inventory listed on manufacturers’ digital sales platforms powered by RMS Automotive into vAuto’s Stockwave tool, providing dealers with access to pre-auction inventory while helping manufacturers increase exposure of their inventory.

Tags: Auto Auctions, pre-auction, RMS Automotive, used-vehicle values, vAuto, wholesale values

July 13, 2017 - Industry News

First Choice Car Care Launches High-Mileage VSC Plans

The new plans are designed to appeal to buyers of older vehicles who desire investment protection at a reasonable cost, officials said. It also encourages dealers to retail units profitably they would otherwise wholesale for a loss.

Tags: Auto Auctions, F&I products, First Choice Car Care, high-mileage VSC, Lloyd Truschel, Used-Vehicle Service Contracts, vehicle service contracts, VSC

June 15, 2017 - Industry News

ADESA Names New General Managers at Three Auction Locations

The KAR Auction Services business unit announced management changes at three of its 77 North American auction location. The company promoted leaders in Arizona, Tennessee, and Florida.

Tags: ADESA, Auto Auctions, Kar Auction Services, wholesale prices

March 22, 2017 - Industry News

KAR Doubles Down on TradeRev

KAR Auction Services extended $15 million in credit to TradeRev, the digital auction platform in which KAR acquired a 50% stake in 2014.

Tags: Auto Auctions, Kar Auction Services, TradeRev

February 21, 2017 - Industry News

DealersLink Offers Tips on Getting Cars to the Digital Frontline

Aside from the tips, the firm announced the release of a free ebook titled, ‘Six Steps for Dealers to Get Their Cars to the Digital Front Line.’

Tags: Auto Auctions, DealersLink, reconditioning, remarketing, used-vehicle sales

December 8, 2016 - Industry News

Manheim Promotes Four General Managers From Within

Trevor Enge

Trever Enge, John Duplanty, Gus Jones and Maxine Vega will lead the Manheim Georgia, Manheim Tucson, Manheim Arizona and Manheim New Mexico locations, respectively, the company announced this week.

Tags: Auto Auctions, Manheim, Promotion

November 17, 2016 - Industry News

NextGear Capital Presents Fourth Annual Auction Partners Awards

NextGear Capital presented its fourth annual Auction Partners Awards Wednesday at the Red Rock Casino and Resort in Las Vegas, the site of the 2016 National Automobile Auction Association (NAAA) Convention.

Tags: Auto Auctions, Awards, NextGear Capital

November 14, 2016 - Industry News

ADESA Kansas City Gets New General Manager

ADESA has promoted Kevin Rhoads, a 15-year veteran of the automotive industry, to general manager of its Kansas City auction location, the company announced this week.

Tags: ADESA, Auto Auctions, General Manager, Hiring

November 10, 2016 - Industry News

ACV Auctions' New Hire to Help Grow Mobile-Enabled Live Auctions

ACV Auctions named Michael Waterman vice president of sales. He will be charged with helping the company grow its mobile-enabled live auctions.

Tags: ACV Auctions, Auto Auctions, Mobile Applications, Vice President

November 4, 2016 - Industry News

Copart Announces Land Expansion, Activation Across Five States

Copart Inc. announced the activation of reserve land in Georgia and Virginia, in addition to the expansion of existing locations in the Carolinas and Florida. The land expansions and activations are connected to Hurricane Matthew, allowing the global online vehicle auction company's Catastrophe Response Team to provide even greater service in response to weather-related damage.

Tags: Auto Auctions, Copart

October 4, 2016 - Industry News

ADESA Announces Management Changes at Three Florida Auctions

Jeff York, the previous general manager of ADESA Sarasota, will now lead ADESA Orlando as general manager. Curt Farris, the previous general manager of ADESA Tampa, will now hold the same title at ADESA Sarasota, and Lisa O’Neil, who was previously the assistant general manager at ADESA Atlanta, will now serve as general manager at ADESA Tampa.

Tags: ADESA, Auto Auctions, General Manager, Promotions

September 28, 2016 - Industry News

Manheim Now Offering Enhanced Vehicle Imaging at 74 Auctions

Manheim has nearly tripled the number of auctions offering enhanced vehicle imaging (EVI), expanding from 25 to 74 locations throughout North America, the company said this week

Tags: Auto Auctions, Inventory Photos, Manheim, marketing, Online Marketplace

June 23, 2016 - Industry News

ADESA Promotes Two to Dealer Services Leadership Roles

The business unit of KAR Auction Services has promoted C.J. Lopez to director of major dealer accounts, and Kjersta Loyd to regional dealer sales manager for the Mideast and Midwest regions.

Tags: ADESA, Auto Auctions, used vehicles

May 26, 2016 - Industry News

DRIVIN Raises $7.5 Million in Additional Funding

The company that aims to change the way dealers sell, source, acquire, and deliver used cars announced it has raised an additional $7.5 million in equity capital. Launched in mid-2015, the Chicago-based startup has now raised $17.5 million in funding.

Tags: Auto Auctions, DRIVIN, inventory, used-vehicle sales, used-vehicle values

April 20, 2016 - Industry News

Black Book Becomes Exclusive Partner of Auction Simplified

Black Book announced today it is now the exclusive provider of vehicle valuation data for Auction Simplified, an online auction service that allows dealers to instantly make vehicle inventory available to wholesale buyers.

Tags: Auction Simplified, Auto Auctions, Black Book, Partnership

April 5, 2016 - Industry News

Manheim Announces Plans to Grow Auction Network and Services

Manheim plans to grow both its digital and physical space to better facilitate its growth in users.

Tags: Auto Auctions, Cox Automotive, Manheim, Online

October 22, 2015 - Industry News

KAR Auction Services IT Leader Wins Security Award

KAR Auction Services’ security architecture program manager and enterprise security strategist, Noah Jaehnert, was honored by the International Information System Security Certification Consortium.

Tags: Auto Auctions, Cyber Security, used vehicles

October 8, 2015 - Industry News

SmartAuction Hits Five Million Sales Milestone

Five million vehicles have been sold on Ally Financial’s online auction platform, the company announced this week.

Tags: Ally Financial, Auto Auctions, SmartAuction

September 29, 2015 - Industry News

Manheim Receives 16 Performance Awards at NAAA

Sixteen Manheim locations received top honors from Chase Auto Finance and Enterprise Holdings at the 67th annual National Auto Auction Association convention.

Tags: Auto Auctions, Awards, Manheim

September 22, 2015 - Industry News

Vehicles on Manheim’s Digital Platform Gain Higher Auction Values

A study of Manheim’s online wholesale vehicle marketplace, called OVE.com, found that vehicles posted to the site retain a higher auction value than those that are re-run through the physical lane.

Tags: Auto Auctions, DealShield, Manheim, Online Marketplace, Wholesale

August 31, 2015 - Industry News

Manheim Opens Riverside Facilities to Assist in Used-Vehicle Evaluations

Pictured left to right:  Barry Room, Manheim Regional Vice President, West, Chris Brown, General Manager of Manheim Riverside, Scott Hurst, Market Vice President, Southwest Market, Riverside Mayor  Rusty Bailey, Janet Barnard, Manheim President of North America, Congressman Mark Takano and Mike Sadowski, VP of Operations, General Manager for Kelley Blue Book. Photo: Manheim

Manheim recently unveiled a new indoor vehicle inspection facility and the Kelley Blue Book Resource center at its California Service Center in Riverside, Calif.

Tags: Auto Auctions, Kelley Blue Book, Manheim, Used Cars

April 23, 2015 - Industry News

Manheim Vehicle Imaging Generates Gains For Toyota Financial Services

Toyota Financial Services saw a 17% rise in conversion rates during a 16-week trial of Manheim’s Enhanced Vehicle Imaging. The results of the trial were documented in a recent case study released by both organizations.

Tags: Auto Auctions, digital marketing, inventory, Manheim

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