Auto Auction

Severe weather spurs auction expansion

12:01 am U.S. ET | Aug. 25, 2014
Insurance Auto Auctions Inc., which specializes in salvage vehicles and those donated to charity, has expanded its auction site outside Omaha, Neb., in response to growing volume....
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Manheim enters high-tech lane

12:01 am U.S. ET | Aug. 25, 2014
Manheim, the nation's largest auto-auction company, is spending $100 million over three years to give every aspect of its operations a high-tech makeover....
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KAR Auction buys half of a dealer-to-dealer online auction company

4:13 pm U.S. ET | Aug. 6, 2014
ADESA has acquired a 50 percent stake in a software company that has created a system to help franchise dealers buy and sell vehicles among themselves, ADESA's parent company said....
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Auction Broadcasting sites get makeovers

12:01 am U.S. ET | July 28, 2014
Auction Broadcasting Co., expecting to increase its sales at least 20 percent in 2015, will improve seven of its eight auction sites in various ways by year end. Jason Hockett, president of the Indianapolis auction company, says the improvements include drive-thru photo booths and new or expanded reconditioning centers and body shops....
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JAMES B. TREECE

GM, Manheim kiss and make up

3:15 pm U.S. ET | July 25, 2014
About four years after a spat strained their business relations, GM and auction company Manheim are starting to kiss and make up....
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Strong new-vehicle sales bode well for auctions

12:01 am U.S. ET | June 23, 2014
National Auto Auction Association member auctions increased their sales of used cars and trucks 4 percent to 8.2 million in 2013 as the number of vehicles entering their auctions increased 4 percent to 15.2 million....
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Auction companies think outside the block

12:01 am U.S. ET | June 23, 2014
Auction companies are crafting ways for large dealership groups to buy and sell used vehicles more efficiently online and off....
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ADESA's online, dealer-owned vehicle sales rise

3:17 pm U.S. ET | May 6, 2014
KAR Auction Services, parent of ADESA, reported first-quarter net income fell 29 percent to $20.7 million, as revenues rose 5 percent to $583.8 million. The company attributed the fall in profits to refinancing activities....
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LARRY P. VELLEQUETTE

Ohio man's collection of '36 Fords going to auction

12:01 am U.S. ET | April 19, 2014
As a young man, Emery Ward Jr. fell in love in 1936 -- with a Ford. He never got over the attraction. In fact, the older he got, the more it intensified....
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Auction school for dealers

12:01 am U.S. ET | March 24, 2014
ADESA Inc. has mobilized as many as 300 employees to teach dealers, in some cases one-on-one, how to buy used vehicles on its adesa.com online platform, the top executive at ADESA's parent company says....
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Infiniti auction goal: Lift margins

12:01 am U.S. ET | Feb. 24, 2014
Infiniti has introduced a live online auction program that gives its dealers first crack at off-lease vehicles entering the network....
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In the auto salvage business, bad weather is great news for profits

12:01 am U.S. ET | Feb. 24, 2014
Insurance Auto Auctions will get a business boost this quarter from selling some of the wrecks that didn't survive the tough winter....
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ADESA to open more online auctions to more dealers

3:27 pm U.S. ET | Feb. 20, 2014
ADESA, the nation's second largest auto-auction company, this year will focus on building online auctions that are open to all dealers, its parent company's top executive said....
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So you want to run an auto auction?

12:01 am U.S. ET | Jan. 27, 2014
The Auction Academy programs -- one for auction owners' sons and daughters and another for nonfamily managers -- receive training in the ins and outs of successful auto auction management....
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Manheim’s DealerMatch sibling grows as it sidesteps auctions

1:40 pm U.S. ET | Jan. 25, 2014
DealerMatch, the corporate sibling to Manheim that helps dealerships buy and sell used vehicles among themselves while avoiding the auctions that are the core of Manheim’s business model, has upped its base price, launched optional enhancements and more than doubled its paying members from last summer....
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Manheim waives online fees for snowed-in buyers

6:33 pm U.S. ET | Jan. 6, 2014
Manheim said today it will offer some relief to dealerships hit by the weekend storm that dumped more than a foot of snow in parts of the Northeast and Midwest by waiving some online auction fees....
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LETTER TO THE EDITOR

Auctions serve multiple partners

12:01 am U.S. ET | Dec. 16, 2013
The No. 1 goal of today's technologically enhanced brick-and-mortar auctions is to balance the varied remarketing needs of a very broad base of consigning partners with a potentially even more diverse group of buying partners that are trying to serve their retail partners....
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ADESA: Off-lease overflow to benefit in-lane auctions

12:01 am U.S. ET | Nov. 11, 2013
An increasing number of vehicles will come off lease next year, experts agree....
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Hertz will retail more cars, send fewer to auto auctions

12:01 am U.S. ET | Nov. 11, 2013
Hertz Global Holdings Inc. plans at least to double the number of retired rental vehicles it sells to retail shoppers in two years....
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KAR, Adesa's parent, posts 19% gain in Q3 net

12:24 pm U.S. ET | Nov. 6, 2013
KAR Auction Services, the parent of auction company ADESA, said today that its third-quarter net income rose 19 percent from the year-earlier period to $22.8 million, as revenues increased 12 percent to $533.7 million....
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EDITORIAL

A better marketplace

12:01 am U.S. ET | Nov. 4, 2013
Auto auctions are rapidly evolving, and new technology is fundamentally reshaping the used-vehicle marketplace....
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ARLENA SAWYERS

Recycling rental cars, before they're retired

4:18 pm U.S. ET | Nov. 1, 2013
Avis Budget Group sure knows how to get the most out of its rental cars. Many of its cars do double- or even triple-duty before being sold online directly to dealers and to consumers....
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Next at auctions: Multiple platform sales

12:01 am U.S. ET | Oct. 28, 2013
Listing used vehicles for sale simultaneously on multiple online remarketing platforms is the next big thing in used-vehicle wholesaling....
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Sold! Rare Chevys attract big spenders

12:01 am U.S. ET | Oct. 7, 2013
Lambrecht Chevrolet's inventory controls were not exactly by the book, but things worked out in the long run. The Pierce, Neb., dealership simply put unsold vehicles in storage and waited for the day when they would be collectors' items....
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Thousands of car enthusiasts flock to Nebraska for auction

8:06 am U.S. ET | Sept. 29, 2013
America's love affair with the automobile was on full display this weekend as thousands of people converged on a muddy field in rural Nebraska for the auction of one of the nation's largest collections of vintage Chevrolets...
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Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, Ray and Rik Fregia are seeing sales boom after million-dollar overhauls at their three stores. Mon., September 15
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