auction

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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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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Manheim adds 16 auctions to program that waives online fees

9:24 pm U.S. ET | Jan. 28, 2014
Manheim has added 16 auctions in its Southeast and Texas markets to a program that aims to assist dealers to whose access to physical auctions might be hampered by harsh winter weather....
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Manheim's DealerMatch sibling grows as it sidesteps auctions

12:01 am U.S. ET | Jan. 27, 2014
DealerMatch has upped its base price, launched optional enhancements and more than doubled its paying members from last summer....
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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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Ally wins U.S. approval to alter holding structure to keep insurance, vehicle-auction site

11:49 am U.S. ET | Dec. 23, 2013
Ally Financial won regulatory approval to change its holding-company status, allowing the firm to keep an insurance business and a vehicle-auction Web site. Ally, majority owned by the U.S. government, warned in July that regulators might not allow the shift as an exemption ends this month, potentially imposing a “material adverse” effect on earnings....
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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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Manheim exec: Why do so few sales at auctions close?

12:01 am U.S. ET | Dec. 2, 2013
Manheim COO Janet Barnard, bringing an outsider's perspective to the auction industry, is questioning why the conversion rate -- the percentage of cars offered at an auction that actually sell that day -- is stuck at roughly 60 to 65 percent industrywide....
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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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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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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....
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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....
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