Auto Auction

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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KAR Auction names Peter Kelly president of new digital group

1:53 pm U.S. ET | Jan. 8, 2015

KAR Auction Services, parent of ADESA, has named Peter Kelly president of its new Digital Services Group, effective immediately. Kelly, 46, co-founded Openlane in 1999 and has been KAR’s chief technology officer since 2013....
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NextGear opens to franchise dealers

12:01 am U.S. ET | Dec. 22, 2014

NextGear Capital, a sibling to auction giant Manheim, now is offering loans to finance franchise dealerships' new- and used-vehicle inventory....
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DriveTime names Manheim, low-end vehicle auction as exclusive remarketers

4:07 pm U.S. ET | Dec. 11, 2014

DriveTime has named Manheim and Go Auto Exchange, an auction that specializes in dealer-to-dealer sales of low-end used vehicles, as its exclusive sales outlet for remarketing vehicles....
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Next phase of multiplatform sales? Hold your horses

12:01 am U.S. ET | Nov. 24, 2014

Remarketers, auto dealers and others had hoped to hear at a remarketing conference this month about when the next stage in online multiplatform auction selling would arrive. But when Jay Cadigan, who represents Manheim in conversations with other key players hammering out details of the initiative, was asked about its timeline, he demurred....
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Rising off-lease volume hits ADESA lanes

12:01 am U.S. ET | Nov. 10, 2014

The number of vehicles sold at ADESA's physical auctions rose 4 percent in the third quarter as a much-anticipated rising volume of off-lease vehicles began to be felt in the remarketing world, said the CEO of the auction company's parent....
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ADESA doubles Q3 profits on growing auction volume

2:29 pm U.S. ET | Nov. 5, 2014

KAR Auction Services, parent of ADESA, said its third-quarter net income more than doubled to $47 million from $22 million a year earlier, on revenues that increased 10 percent to $589 million....
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Texas dealer Sam Pack thins his vintage car collection

12:01 am U.S. ET | Oct. 12, 2014

Sam Pack, a Dallas-area Ford dealer and antique car collector, will sell 132 of his 473 cherished vintage automobiles at an auction in Dallas on November 15....
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AutoGrade schools the auction industry

12:01 am U.S. ET | Sept. 29, 2014

Adopted by the nation's largest auction companies and endorsed by NAAA, AutoGrade is an electronic vehicle-condition reporting system that is being touted as a way to reduce human error and subjectivity when describing vehicle condition and damage....
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New NAAA chief steps in as volume steps up

12:01 am U.S. ET | Sept. 22, 2014

The past few years have been rough for the auto auction industry. But things are looking up, said Ellie Johnson, president-elect of the National Auto Auction Association....
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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

BLOG: 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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