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Friday, 19 January 2018 15:17

Classic Car Auction Introduces App

Hagerty launched a free app to help collector car auction-goers research and track vehicles they’re interested in. The Hagerty Insider app, available initially on iOS, will include auction run lists, published pre-sale estimates, past sales data of similar cars, and Hagerty’s industry-leading valuation estimates. Soon after run lists become available, Hagerty Insider displays available vehicle details, including lot number, VIN, make, model, year, body style, and engine. Once a vehicle crosses the auction block, the app will update with the high bid amount and the sale/no sale status of the lot. The Hagerty Insider app is currently an auction tool but will expand to include other functions useful to the collector car enthusiast. The app will soon be available on the Android operating system.
Published in News Now
Wednesday, 17 January 2018 01:12

Auction Veteran Passes Away

Auction veteran Kenneth “Kenny” Osborn died Jan. 10 at his home in Granbury, Texas.He was 65.Osborn is a past president of the National Auto Auction Association. He was inducted into the NAAA Hall of Fame in 2013 and was also an NAAA Warren Young Sr. Fellow.He started his automotive career in 1970 in a parts department working into used-car management.In 1980, Osborn became a partner in building a new venture of Tri-State Auto Auction with Richard Dupriest in Amarillo. The partners broke ground, wrote the software, and built the business from the ground up. At Tri-State, Osborn honed his talent for auctioneering. The partners expanded their auction business in New Mexico, acquiring the Albuquerque Auto Auction. They sold their stakes in both auctions to Anglo-American and Osborn became co-general manager of Albuquerque with Jerry Stiver. In New Mexico, Osborn went on to receive the New Mexico Independent Auto Dealers Association Horizon Award. When Anglo-American was bought by ADT Automotive, Osborn became general manager of Golden Gate Auto Auction in Fremont, Calif.He was named regional vice president of ADESA overseeing the Southwest region in 2001. In 2008, Osborn became the general manager of ADESA Dallas.Osborn recently retired.
Published in Latest News
Sunday, 14 January 2018 22:17

Chase Partners with Fintech

Chase announced a partnership with d, a financial technology company that helps customers select and finance vehicles through their automotive dealers’ website and reduce the time it takes to complete the sale. Chase is the first national bank on the AutoFi platform.The AutoFi digital retailing platform connects dealers with buyers and lenders. Chase will deliver financing terms online through the AutoFi platform.
Published in Tech News
Friday, 12 January 2018 01:42

NAAA Renames Scholarship

The National Auto Auction Association's Warren Young, Sr. Scholastic Foundation has created the Ken Osborn Auction Education Scholarship in honor of the late industry veteran who also held various NAAA leadership positions during his 37-year career in vehicle remarketing. Last December a ceremony was held in Dallas to present Osborn with a plaque commemorating the naming of the scholarship, which recognizes contributions he made in the role of mentor to generations of those working in the auto auction profession.The Osborn Scholarship is one of the nonprofit foundation's 12 merit scholarships totaling $52,000 awarded annually for study at a college or technical institution to eligible full-time employees of NAAA members or the corporate office, their children or grandchildren. Recipients are selected based on a variety of qualifications, including academic record, leadership skills, honors, goals and aspirations, work experience and community involvement.Black Book made the honor possible by agreeing to rename one of the two scholarships it had sponsored by purchasing naming rights.
Published in Auctions
Wednesday, 10 January 2018 20:57

ServNet Adds Auction

ServNet President Eric Autenrieth announced that Clark County Auto Auction has been named the newest member of the independent auction group.  Clark County Auto Auction is located in Jeffersonville, Ind., and serves dealers in Southern Indiana into the Louisville, Ky., market.Clark County Auto Auction was founded in 1982 by the father and son team of Charles and Mark Fetter, and is operated today by third generation owner Matt Fetter. The auction recently moved into a new facility that includes a five-lane service building and reconditioning center.
Published in Auctions
Wednesday, 10 January 2018 20:57

Manheim Expands Digital Exec’s Role

Manheim has expanded the role of Derek Hansen as vice president of offsite solutions.
 In Hansen’s expanded role, all digital and mobile offsite solutions, including OVE and Bid Lot, are organized under one leader.
 Since June 2016, Hansen has been responsible for Manheim’s digital operations as vice president of digital inventory solutions.
Hansen joined the Cox Automotive team in January 2015 as senior director of strategic planning. Prior to that, he served in roles with Bain & Company, Deloitte Consulting and Intel Corp.
 He holds a Master of Business Administration from the Fuqua School of Business at Duke University and a bachelor of science in accounting from the Marriott School at Brigham Young University.
Published in Auctions
Sunday, 07 January 2018 19:08

Carolina Auctions Footballs for Charity

Carolina Auto Auction recently hosted a live charity auction with autographed footballs from each of the four college football playoff teams (Alabama, Georgia, Clemson and Oklahoma), an event that raised over $3,500 toward cancer research at the Winship Cancer Institute.An additional $1,500 was raised from employees who held an Ugliest Christmas Attire contest during the four weeks of December, bringing the total to $5,000 raised in December.  This comes on the heels of a $100,000 donation CAA and industry partners put together in November.  The auction is continuing to march toward another major donation in May as it hosts its annual charity golf tournament and Legacy VIP dinner the night before.
Published in Auctions
Tuesday, 26 December 2017 14:41

NIADA Partners with CarGurus

CarGurus has teamed with the National Independent Automobile Dealers Association as the association\'s newest Bronze-level National Corporate Partner.CarGurus is one of the most visited online automotive marketplaces in the U.S. The firm offers premium tools that help dealers price, market and sell their inventory. 
Published in Tech News
Wednesday, 20 December 2017 21:33

ADESA Raises More Than $1 Million for Charity

ADESA has raised more than $1 million for Type 1 diabetes (T1D) research in partnership with the Ford Global Action Team for JDRF.Since 2012, ADESA auctions have partnered with the Ford Global Action Team to raise money for JDRF, a global organization focused on funding research to find a cure for T1D. In 2017, six auctions collectively raised $251,657, bringing the lifetime total of the campaign partnership to $1,030,505.Each year, some ADESA auction locations engage in a friendly rivalry for the honor of raising the most money for JDRF. ADESA Indianapolis led the 2017 campaign with a total donation of $65,176. In their inaugural year participating, ADESA Brasher’s in Sacramento and ADESA Salt Lake raised more than $70,000 combined. Annual participants ADESA Buffalo, ADESA Phoenix and ADESA Boston brought in more than $116,000.JDRF’s research mission is to discover, develop and deliver advances that cure, better treat and prevent Type 1 diabetes. It is the largest charitable supporter of T1D research.
Published in Auctions
Tuesday, 19 December 2017 21:51

IAA Expands in Mississippi


Insurance Auto Auctions Inc. announced the relocation of its Jackson, Miss., branch to a larger facility in nearby Byram, as well as the expansion of its Grenada, Miss., facility. 
The new facilities go from a combined 32 acres to more than 130 acres – offering expanded vehicle selection and inventory space for market growth as well as catastrophic events.
The new IAA Jackson facility in Byram will include two new run and drive lanes, a vehicle inspection center with covered vehicle inspection areas, space for on-site insurance customer staff, and increased security with thermal imaging cameras. The newly expanded IAA Grenada facility provides additional inventory and storage space.
Published in Auctions
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Auctions Across America Fall 2017

 

 

 

 

 

Incoming NAAA President Praises Flexibility of Auction Industry

Incoming NAAA President Praises Flexibility of Auction Industry

Jerry Hinton, general manager of ADESA Portland, is the incoming president of the National Auto Auction Association. He has been married to Dawn for 33 years. They have two children,...

Copart Launches Annual Contest

Copart Launches Annual Contest

Copart Inc. announced the launch of its third annual Copart Rebuild Challenge. The Annual Copart Rebuild Challenge is a contest designed for car enthusiasts and auto rebuilders to show how...