Auto Auction

Ford, Leno to auction custom Harley-Davidson F-150

12:49 pm U.S. ET | Jan. 15, 2016

Ford and comedian Jay Leno said they will be auctioning off a one-of-a-kind Harley-Davidson Ford F-150 later this month and donating the proceeds to National Multiple Sclerosis Society....
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Manheim realigns auction sites to better tailor dealer services

9:00 am U.S. ET | Dec. 7, 2015

Manheim is realigning its 79 brick and mortar auction sites into two new divisions. The change is aimed at better tailoring services for local dealers and providing more services to commercial customers and dealers....
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Son of auto dealer finds auctions a better fit

12:01 am U.S. ET | Nov. 30, 2015

When neither the new- nor used-car retail auto business fit, Ben Lange tried auto auctions on for size. Lange now oversees and owns a minority stake in the third-largest auto auction company in the country....
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ADESA refocuses on physical auctions

12:01 am U.S. ET | Nov. 30, 2015

A few years ago, technology made online used-vehicle remarketing possible. Then the recession made it a necessity. But now that new- and used-vehicle volumes have fully recovered, auction giant ADESA is focusing again on its physical auctions, without ignoring its online operations....
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ADESA profit, revenue grow in 3rd quarter

12:01 am U.S. ET | Nov. 9, 2015

KAR Auction Services Inc., parent company of ADESA, reported that third-quarter net income increased 10 percent from a year earlier to $52.3 million on revenue that rose 13 percent to $666.7 million....
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ADESA profits, revenue grow in Q3

3:43 pm U.S. ET | Nov. 5, 2015

KAR Auction Services Inc., parent company of ADESA, reported third-quarter net income increased 10 percent to $52.3 million on revenue that rose 13 percent to $666.7 million....
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Manheim makes used vehicles retail ready

12:01 am U.S. ET | Nov. 2, 2015

Auction giant Manheim, which has long offered to recondition clients' vehicles before they go through the auction lanes, now preps cars and trucks to get them front-line retail ready. The operation takes on work that otherwise would have filled dealerships' service bays....
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Carfax, vAuto offer info on auction vehicles at a glance

5:22 pm U.S. ET | Oct. 6, 2015

Carfax and vAuto have joined forces to offer dealers vehicle-history information on auction vehicles at a glance and with fewer online clicks....
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No more 'distracted walking' in the lanes

12:01 am U.S. ET | Sept. 28, 2015

Mike Browning, the incoming president of the National Auto Auction Association, is taking charge of a new safety campaign designed to reduce accidents and injuries at auctions....
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Devastation and determination: Memories of Katrina

12:01 am U.S. ET | Sept. 28, 2015

Mike Browning, the newly installed president of the National Auto Auction Association, recalls heartbreaking and heartwarming moments following Hurricane Katrina. Browning was the general manager of Manheim New Orleans when the storm hit in August 2005....
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Instant online auctions save time, costs

12:01 am U.S. ET | Aug. 31, 2015

Need to price and sell a trade-in fast? Recently developed apps enables franchise dealers to get appraisals and purchase offers on their mobile devices or desktop computers for their used vehicles in an hour or less. ....
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Ferraris lead the pack at $390 million Pebble Beach car auctions

2:04 pm U.S. ET | Aug. 17, 2015

Ferrari led the pack again. The Italian sports cars accounted for seven of the top 10 sales at auctions in California that fetched $390.6 million....
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ADESA’s Q2 income, revenue rise

2:28 pm U.S. ET | Aug. 4, 2015

KAR Auction Services, parent company of ADESA, today said its second-quarter net income rose 17 percent to $59.5 million on revenue that increased 12 percent to $658.3 million....
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Texas floods may yield 10,000 damaged vehicles

9:54 am U.S. ET | June 5, 2015

As many as 10,000 vehicles may have been damaged in last month’s catastrophic Texas floods, and some could be resold out of state to unsuspecting buyers, according to a group that works to prevent insurance fraud....
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KAR Auction will add auctions, inspection unit

12:01 am U.S. ET | June 1, 2015

KAR Auction Services plans to build or buy physical auctions and a vehicle inspection business as part of its growth strategy....
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Buyers emerge for auction companies

12:01 am U.S. ET | May 25, 2015

Mergers and acquisitions are happening among auto auctions, and attracting private-equity players, for the same reasons they are on the rise among car dealerships: Robust and growing sales volumes and aging owners....
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Auctions focus on high-quality vehicle images

12:01 am U.S. ET | May 25, 2015

Auctions are taking steps to raise the quality and resolution of their vehicle photos, yielding more bids and higher conversion rates....
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KAR Auction Q1 net income doubles

3:11 pm U.S. ET | May 6, 2015

KAR Auction Services, parent company of ADESA, said its net income more than doubled to $54.5 million on revenues that increased 8.3 percent to $632.4 million in the first quarter....
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VIDEO: Opting for the online auction lane

12:01 am U.S. ET | April 7, 2015

Online used-vehicle shopping is changing how dealers and auction companies operate....
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VIDEO: Manheim Pennsylvania's legacy in the lanes

12:01 am U.S. ET | April 6, 2015

Manheim Pennsylvania, the birthplace of the nation's largest auction company, celebrates 70 years in business....
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Manheim offers a la carte services

12:01 am U.S. ET | March 9, 2015

Manheim, the nation's largest auto auction company, is unbundling services that it had offered only on vehicles that dealers bought or sold through its auctions. The company will offer vehicle acquisition, inspection, reconditioning, transportation and other services a la carte....
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ADESA bows out of multiple platform auction sales

7:52 pm U.S. ET | Feb. 23, 2015

After investing nearly two years and “several million dollars” to help create online auction selling across multiple platforms, ADESA is bowing out, said Peter Kelly, president of ADESA's corporate sibling in charge of digital services....
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