Wholesale

Manheim Pennsylvania held its annual Xtreme Spring Sale event March 19-22, raising $86,000 for Aaron’s Acres, a local nonprofit that provides recreational opportunities for young people with disabilities. The auction said the sale has been its largest sales event for 15 consecutive years. The 2024 event hosted 7,000 dealers onsite and via Simulcast, who bid […] [Read More]

Exeter Finance honored five auto auctions as winners of its 2023 Auction eXcellence Awards during last week’s CAR Conference in Phoenix. America’s Auto Auction Dallas earned the award for Division I, with Big Valley Auto Auction in Donna, Texas, claiming the Division II honor and America’s Auto Auction Kansas City winning Division III. Tallahassee Auto […] [Read More]

Manheim Central Florida in Orlando, Fla., has been named 2023 Auction of the Year by Westlake Financial Remarketing. Westlake Financial director of remarketing Michael Jari said Manheim Central Florida’s “remarkable efforts and operational efficiency have allowed them to clear cars quickly while remaining Westlake’s second largest auction by total volume.” Auctions are ranked based on […] [Read More]

Spring is in full swing, and not only because Easter Sunday was just celebrated. Wholesale values are rising for almost every vehicle category Black Book tracks — except one. And dealership staff probably doesn’t need too many guesses to pinpoint the one going counter to last week’s overall value rise of 0.39% that Black Book […] [Read More]

Manheim has new leaders for four of its auctions. Cox Automotive’s auction arm has named general managers for its operating locations in Omaha, Houston, Nashville and Philadelphia, with six decades of combined experience working with Manheim clients and teams. Lincoln Hansen has been promoted to GM of Manheim Omaha, having served for the past year […] [Read More]

Logistics-as-a-service platform ACERTUS has made its sixth acquisition, announcing Tuesday it has purchased Guardian Auto Transport. The acquisition builds on the company’s “commitment to strengthening its platform with best-in-class logistics, now supporting large-format vehicles,” ACERTUS said in a news release. This continues a years-long line of acquisitions for ACERTUS and parent company MetroGistics, which has […] [Read More]

Longtime ADESA Boston general manager and former National Auto Auction Association president Jack Neshe is retiring this week, ADESA parent company Carvana said in a statement. Neshe has been GM of ADESA Boston since 2007, after joining the auction as a service manager in the mechanic shop in 1990 and working his way up through […] [Read More]

GM Financial spotted perfection in the auction world. On Wednesday, the captive named five regional Auction of the Year winners for 2023, one Most Valuable Auction of the Year, and for the first time, awarded a Perfect Audit Score. These awards are part of GM Financial’s annual Auction of Excellence program recognizing the nation’s highest-performing […] [Read More]

Cars Commerce said in its 2024 Automotive Trends report there is roughly a 10.2 million-unit deficit in the number of 1- to 3-year-old vehicles expected to re-enter the pre-owned car market in the near future, leading to a “sparse and expensive” picture for dealers’ used-car inventories. How should store managers handle that situation? Brian Kramer, […] [Read More]

Ally Financial has its next chief executive officer who said he admires the company’s “leading position in automotive finance.” Late on Wednesday, Ally announced Michael Rhodes will be its new CEO, starting at the company on April 29. Rhodes will also be appointed as a member of Ally’s board of directors at that time. Ally […] [Read More]