Auction News

ACV Auctions Inc., a dealer-to-dealer, online automotive marketplace, is rolling out new features nationwide that will increase efficiency for dealers buying and selling on the platform. Updates include Run List…
AuctionTime.com sold more than $18 million (gross auction proceeds) in construction equipment, agricultural equipment, trucks, and trailers during a two-day online sale in September. More than 6,400 bidders from 48…
SiriusXM and Manheim are teaming up to make activation easier for dealers so they can demonstrate its accessibility and benefits. When dealers purchase SiriusXM-equipped vehicles sold in-lane at any Manheim…
Average wholesale prices in August remained up on a year-over-year basis, according to Tom Kontos, chief economist of Kar Auction Services. In his August commentary, Kontos reported the year-over-year price…
ACV Auctions Inc., a dealer-to-dealer, online automotive marketplace based in Buffalo, N.Y., announced personnel moves including Doug Hadden, who is joining ACV Auctions as vice president of field operations and…
KAR Auction Services Inc. announced the Veracode Verified Team Status Certification of Recovery Database Network (RDN). Veracode Verified is a program that validates a company’s secure software development processes by…
Mid-State Auto Auction, New York Mills, Minn., celebrated 36 years as a family-owned business with a record sale on Aug. 16. Of the 1,332 vehicles consigned, 810 vehicles were successfully…
As another data point to monitor the health of the automotive market, Cox Automotive is launching a 13-month rolling used-vehicle seasonally adjusted annual rate (SAAR). With the average new-vehicle transaction…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.62 percent month-over-month in August. This brought the Manheim Used Vehicle Value Index to 141.3, a 1.2…