Fiserv Inc. named Manheim Louisville of Clarksville, Ind., the top performing automobile auction of 2016. Manheim Louisville was a strong performer throughout the year, both in terms of sales effectiveness and operations.
Fiserv, which has been ranking auctions since 2001 to identify qualified partners, managed the remarketing of more than 85,000 vehicles in 2016. The top three auctions are scored on overall sales effectiveness, operational excellence, sales preparation and marketing in the calendar year.
Fiserv also recognized auctions for excellence in the following areas:
Carolina Auto Auction – Operational Excellence
Manheim Louisville – Customer Service
Rawls Auto Auction, based in Leesville, S.C. – Sale Preparation
Manheim Louisville – Marketing
To be eligible for the Top Performance designation, an auction must be a member of the National Auto Auction Association, have sold vehicles with Fiserv for 12 months or more, have a minimum of eight represented sale audits in the calendar year, and have sold more than 500 vehicles in the calendar year.
Attorney Tom Hudson of Hudson Cook LLC has been selected as the newest member of the National Independent Automobile Dealers Association’s Ring of Honor.
Hudson became the 29th auto industry leader to be inducted into the Ring of Honor, NIADA’s highest award for non-dealers.
NIADA’s Ring of Honor recognizes allied industry leaders who have contributed to the professionalism and growth of the automobile industry through outstanding performance and leadership. Hudson's career spans more than four decades, from a start-up law practice in 1973 to becoming a founding partner of a firm, a CEO and editor of a service that reports on legal issues in the auto finance and lease industry, among other roles.
As an author, he's written the Carlaw series and other books as well as numerous articles and as editor in chief of Counselor Library.
Carolina Auto Auction hosted its 12th Annual Golf Tournament on May 16, raising over $15,000 for melanoma cancer research at The Winship Cancer Institute of Emory University. This is the first year Carolina has tied the event to charity, and the event grew to include the attendance of a number of celebrities, the largest sponsorship base they've ever had, and 110 golfers.
The event was held at The Walker Course at Clemson University.
In conjunction with the tournament, Carolina Auto Auction hosted a silent charity auction after the tournament, and a live auction the following morning before its weekly sale.
Matthews Motors, a family-owned and operated dealership whose charitable efforts have made a huge impact in Clayton, N.C., has been named the recipient of the 2017 NIADA and Cox Automotive Community Service Award.
Matthews Motors owners Steve and Dale Matthews accepted the award from Cox Automotive president of inventory solutions Janet Barnard during the National Leadership Awards banquet at the recent National Independent Automobile Dealers Association convention in Las Vegas.
The award, which recognizes an independent dealership for outstanding contributions to its community and the innovative ways it collaborates with community partners to help further their missions, includes a $10,000 donation from Cox Automotive to Clayton Area Ministries, the dealership's charity of choice. Clayton Area Ministries provides food, medicine and assistance with utility bills to area residents in need.
Matthews Motors has embraced philanthropy and volunteerism since it opened in 1994, supporting more than 15 local charities and youth programs in the past year alone.
Over the past two years, the dealership has raised more than $70,000 for Clayton Area Ministries, and joined with other area businesses to raise more than $10,000 for the Southeastern Medical Oncology Center’s free mammogram screening program.
Team members have volunteered their time to support the Johnston County Teen Drivers safety initiative, the Johnston County Education Foundation, the Johnston County Crisis Center, Toys for Tots, the American Red Cross and Harbor Inc., a shelter for domestic violence victims.
The dealership serves as a drop-off location during winter coat drives benefitting needy kids, and helps local families meet their children’s school supply needs. In addition, Matthews serves on the board of the Johnston County Education Foundation.
Copart Inc. has acquired Cycle Express LLC, which conducts business primarily as National Powersport Auctions (NPA).
NPA predominantly auctions pre-owned power sports vehicles on behalf of financing companies, dealers and manufacturers.
Five young men and women were named as the recipients of the National Independent Automobile Dealers Association's 2017 Scholarship Awards during the 71st Annual NIADA Convention and Expo at The Mirage in Las Vegas.
Logan Brinks of Marne, Mich., earned NIADA's scholarship from Region I, joining Braden G. Martin of Nashville, Tenn. (Region II), Riley J. Raynor of Enid, Okla. (Region III) and Juan Carrillo of Oxnard, Calif. (Region IV) as winners of NIADA's regional scholarships.
Each year, the NIADA Foundation sponsors a student who has displayed outstanding abilities in education from each of the association's four regions across the nation with a $3,500 scholarship to the college or university of his or her choice, thanks to the assistance of Manheim. The foundation and Manheim also award a $10,000 national scholarship each year for an outstanding student to attend or continue his or her education at Northwood University in an automotive-related field.
All students' entries are judged by Northwood University.
Insurance Auto Auctions Inc. announced the construction of a new facility near Fort Worth, Texas.
The new branch, scheduled to open in November 2017, is located north of the Dallas-Fort Worth area and complements IAA branches in Grand Prairie and Wilmer. This is the 16th IAA location in the state of Texas.
The new 200-acre facility will include 18,000 square feet of office, run & drive and warehouse space. The office space will include multiple conference rooms and offices that will be available for IAA's insurance customers to use for training claims adjusters on site.
In keeping with IAA's environmental philosophy, the branch will incorporate enhanced sustainability features, including using recycled asphalt and concrete for resurfacing as well as the use of recycled water for landscaping.
IAA Fort Worth North is strategically located at 11863 Harmonson Rd., Justin, Texas, within a mile of Interstate 35.
Mecum Auctions is now offering enclosed auto transport services.
The company launched Mecum Auto Transport on April 1.
The Mecum Auto Transport division has already undertaken the enclosed transportation of several notable collections with great results, including vehicles from late Chevrolet dealer Bob McDorman. The company has also successfully transported more than a thousand individual vehicles to and from its most recent auctions held throughout the United States.
DAA Seattle is seeing strong growth after four years in operation.
General manager David Black said the Auburn, Wash., sale’s consignment rose 20 percent compared to this time last year.
The auction was a homecoming of sorts for the McConkey family, who also own DAA Northwest in Spokane, Wash., and KCI Kansas City in Missouri.
Bob McConkey Sr. helped found and then owned and operated what is today Manheim Seattle for 31 years before selling it in 1985. His son, Bob McConkey Jr., opened this new facility on a 16-acre site in May 2014.
Blake said there was a need for a non-corporate alternative in the Seattle market, with the area’s other two auctions owned by Manheim and ADESA. The reception from both dealers and commercial accounts has been strong, especially as they have seen the sale grow.
“They’ve seen us run for a few years and know we’re not going anywhere,” Blake said.
“They get to experience – from an independent auction – customer service, personal approach, on-site decision-making and operational care and passion.”
The auction’s location makes it especially attractive for Canadian sellers, who make up 25 percent of DAA Seattle’s dealer consignment.
The auction is just launching a new video-only specialty sale for oversized units and motorsport products. The first sales will feature about two dozen motorcycles, RVs, boats, box trucks and oversize units.
Each sale draws about 450 bidders, with a conversion rate in the low 60s.
The average price is $11,000, up about $500 from last year, Blake said.
The auction is growing physically as well. Last year, DAA Seattle expanded eight acres and renovated an additional two acres.
“There was a lot of focus and energy to get us prepared for this year,” Blake said.
Wholesale used vehicle prices increased 2.6 percent month-over-month in May.
This brought the Manheim Used Vehicle Value Index to 127.9, which was a record high and represented a 2.8 percent increase from a year ago. The index adjusts wholesale prices for mix, mileage, and seasonality.
On a year-over-year basis, the mid-sized car category saw the largest decline (down 2.4 percent) in May, while pickups and vans saw gains greater than the overall market.
The average price for rental risk units sold at auction in May was down 2 percent year-over-year. Rental risk prices were down 1 percent compared to April.
SUV/CUVs accounted for 29 percent of rental risk sales in May versus 25 percent last May. Compact cars’ share fell to 27 percent from 31 percent.
Average mileage for rental risk units in May (at 38,900 miles) was 9 percent below a year ago.
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