ADESA will not participate in the automotive remarketing industry's initiative to establish a platform that would allow simultaneous bidding on vehicles listed on multiple online auction sites.
Manheim operating locations in Chicago, New York, Pennsylvania and St. Louis were recognized by the Ford Auction Service Award Program.
The firm’s ADESA Assurance is a new no-questions-asked return guarantee on select, one-owner, off-lease vehicles sold on ADESA DealerBlock.
The firm now offers a Certified Buyer Program designed to educate buyers on risk mitigation when purchasing auction vehicles.
DealersLink will launch AuctionLink, a new, live auction platform, at the NADA Convention San Francisco, January 23-25. The platform has no buy or sell fees, and buyers can set automated bids.
The partnership makes Manheim and Go Auto Exchange DriveTime’s primary source for remarketing wholesale inventory through its physical locations, mobile auctions and online.
Manheim's Mobile Auctions service is expanding into Canada. They feature remote participation through satellite feed and localized marketing for participating dealerships.
A dealer who acquired clean titles for flood-damaged cars he bought at auction faces up to three years in prison. He must also reimburse the customers who purchased the seven vehicles.
As part of its long-term growth strategy to invest in emerging markets, Manheim has signed an agreement to purchase a majority stake in CarBizz, an auction operation based in São Paulo, Brazil.
Go Auto Exchange will open its fourth location in Orlando, Fla., this week. The facility will offer three auction lanes and will host weekly afternoon sales on Thursdays at 4 p.m.
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