Auto Auction

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 online platform, the top executive at ADESA's parent company says.... Read More »


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.... Read More »


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.... Read More »


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.... Read More »


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.... Read More »


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.... Read More »


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.... Read More »



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.... Read More »


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.... Read More »


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.... Read More »


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.... Read More »



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.... Read More »



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.... Read More »


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.... Read More »


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.... Read More »


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... Read More »


Auction to sell dealer's collection of vintage cars with low mileage

2:47 pm U.S. ET | Sept. 27, 2013
This weekend, in an oat field in Pierce, Neb., nearly 500 cars and pickups from yesteryear that have been locked inside a defunct dealership with mere miles on their odometers will be auctioned off. The vehicles -- mostly from the 1950s to the 1980s -- are the unsold inventory of Lambrecht Chevrolet, a family-run dealership that closed in 1996 after a 50-year run.... Read More »


Auctions expand to prep for more volume

12:01 am U.S. ET | Sept. 23, 2013
Many auction companies, expecting an increase in the number of used vehicles entering the market this year, are expanding and improving their physical auction sites.... Read More »


Owner of AutoTrader, Manheim plans to 'nurture' assets; no IPO planned

9:12 am U.S. ET | Sept. 12, 2013
Cox Enterprises, the owner of AutoTrader and Manheim, prefers to nurture both auto assets and has no plans to take AutoTrader public, a top executive of the businesses said.... Read More »


Used-vehicle forecast: Softer prices, better selection

12:01 am U.S. ET | Sept. 9, 2013
An industrywide uptick in used-vehicle volume into 2014 will soften prices of those vehicles, forecasters and industry executives predict.... Read More »



Auction group's new president reflects the rank and file

12:01 am U.S. ET | Sept. 2, 2013
The leadership of an association should reflect that group's members. That's why it is appropriate that Jack Neshe will take over as president of the National Auto Auction Association on Tuesday, Sept. 3.... Read More »


Auction group chief: Prep for more volume

12:01 am U.S. ET | Sept. 2, 2013
The U.S. auto auction industry retrenched in recent years as used-vehicle supplies shrank and auctions increasingly relied on dealer consignments to fill the lanes.... Read More »


Dealers shop less, sell more at auctions

12:01 am U.S. ET | July 22, 2013
Franchised dealers relied less on auctions for used vehicles in 2012 than in more than a dozen years.... Read More »



Mom-and-pop dealership in tiny Nebraska town to auction off treasure trove of models and memorabilia

12:01 am U.S. ET | July 15, 2013
Nearly 500 new and used cars and pickups that have gathered dust in a shuttered dealership for as long as 60 years will be sold.... Read More »



Mom-and-pop dealership puts history on the auction block

3:40 pm U.S. ET | June 27, 2013
When Ray and Mildred Lambrecht closed their Chevy store in Nebraska in 1996, they sealed within it a massive chunk of automotive history -- nearly 500 new and used cars, some dating to the early 1950s with fewer than 5 miles on them and with their seats still covered in the plastic from the factory.... Read More »


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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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