Auction News

The National Automotive Finance Association named Joel Kennedy as its next president, succeeding Sharon Mancero who held the post for the previous two-year term. As with prior NAF Association presidents,…
The 2019 spring/tax season market started later but lasted longer than other years, according to ADESA Analytical Services. Average wholesale prices were up on both a month-over-month and year-over-year basis…
KAR Auction Services Inc. announced that the Securities and Exchange Commission has approved IAA Inc.'s registration statement, allowing the salvage chain’s spinoff to move forward. As previously announced, the distribution…
CDK Global has joined with the National Independent Automobile Dealers Association as its newest Gold-level National Corporate Partner. NIADA’s partnerships provide a broad portfolio of trusted services that help its…
Manheim has named Tony Markese as vice president of reconditioning. Markese will be responsible for setting the company’s strategic direction for its reconditioning services. He joined the company in 1998…
The board of directors for KAR Auction Services Inc. formally approved the separation of its salvage auction business. KAR will distribute all of the outstanding shares of common stock of…
The Manheim Used Vehicle Value Index increased slightly month-over-month in May. The index – which measure wholesale prices adjusted for mix, mileage and seasonality – now stands at 139.6. That…
IAA Spinco Inc. (to be renamed IAA Inc.) has priced its previously announced offering of 5.5 percent senior notes due 2027 in connection with the previously announced spin-off of IAA…
Ninety-two of the nation's top auctioneers, ringmen, and auction teams recently competed to claim the four World Champion titles at stake plus $12,500 in prize money and trophies at the…