Ohio collector to auction 700 antique, classic cars in mid-JulySat, 04, Mar 2017
When Ron Hackenberger was 15, he borrowed money from his grandfather to buy his first car: a 1948 Studebaker. Then he kept buying. In July, the 81-year-old collector will auction about 700 other vehicles.
Auction houses cope with crowded lotsMon, 27, Feb 2017
Investments in technology and analytics help auctions move vehicles through the system faster, but the remarketing industry should not lose sight of the importance of asphalt, says Tom Webb, Manheim chief economist.
CarMax opens first four-lane auction on West CoastFri, 17, Feb 2017
CarMax opened a vehicle reconditioning and four-lane auction center in Murrieta, Calif., on Thursday, making it CarMax’s largest multipurpose location on the West Coast, the used-vehicle mega-retailer said.
Rising used-vehicle supply seen pushing prices down in 2017Tue, 10, Jan 2017
Remarketers brace for surge in volumeMon, 26, Dec 2016
Industry executives insist they're ready to deal with higher volumes of used vehicles in 2017, and they are taking steps to head off pinch points in the smooth flow of those higher volumes to dealerships.
AutoNation's about-face draws fire from 2 Senate DemocratsTue, 06, Dec 2016
A duo of Senate Democrats who've introduced legislation aimed at preventing the sale of used vehicles with unrepaired safety recalls blasted AutoNation Inc.'s reversal of its 16-month ban on the sale of such vehicles at its dealerships.
Texas auto auction company acquired by Capital Partners for XLerate GroupFri, 02, Dec 2016
Huron Capital Partners, a Detroit investment group, has acquired a Texas-based auto auction for one of its portfolio companies, the Indianapolis-based XLerate Group, which runs online and onsite auto auctions.
Retired rental supply to stay flat amid off-lease surgeMon, 31, Oct 2016
The overall volume of retired rental-fleet vehicles should be flat over the next several years, in sharp contrast to the expected surge in off-lease vehicles, forecasters say. But that doesn't necessarily mean a steady supply of those rental vehicles will be headed to auctions.
Auction association keeps safety firstMon, 31, Oct 2016
Safety is serious business at auctions. So serious that Jerry Hinton, general manager of ADESA Portland in Portland, Ore., will be the third president of the National Auto Auction Association in a row to embrace safety awareness as a part of his platform when he takes the reins of the auction group next month.
Reynolds invests in online used-car trade networkMon, 24, Oct 2016
Waiting for used-vehicle prices to fall? Not yetThu, 08, Sep 2016
Used-vehicle prices, drawing strength from dealers' efficient used-car operations and higher new-vehicle transaction prices, continue to defy the gravitational pull of a growing supply of off-lease vehicles.