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KAR Names New Leader for Preferred Warranties

CARMEL, Ind. — Vehicle remarketing and technology solutions provider KAR Auction Services Inc. has named Edmund Field president of the company’s Preferred Warranties Inc. (PWI) business unit, which offers extended service contract plans for pre-owned vehicles and serves independent used-vehicle dealers, small franchise retail automotive, and powersports dealers. Field will be responsible for leading PWI’s ... Read More »

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First Choice Car Care Launches High-Mileage VSC Plans

TAMPA, Fla. — First Choice Car Care today launched new five-year, 100,000-mile vehicle service contract (VSC) plans for vehicles up to 20 model years old and have up to 150,000 miles on their odometers. First Choice Car Care is designed to appeal to buyers of older vehicles who desire investment protection at a reasonable cost, ... Read More »

Manheim Promotes Four General Managers From Within

ATLANTA — Manheim has promoted four individuals to the rank of general manager at four auction locations across the country, the company announced this week. Trever Enge, John Duplanty, Gus Jones and Maxine Vega will lead Manheim Georgia, Manheim Tucson, Manheim Arizona and Manheim New Mexico, respectively. “Backed by their experience and passion for the ... Read More »

SmartAuction Hits Five Million Sales Milestone

DETROIT — Ally Financial has announced that five million vehicles have been sold on SmartAuction, its online auction platform. To celebrate the milestone, Ally held a special auction for the five-millionth vehicle, with proceeds promised to the auction winner’s selected charities. Classic Chevrolet of Grapevine, Texas, won the vehicle with a bid of approximately $180,000, ... Read More »

ADESA Pulls Out of Proposed Multi-Platform System

CARMEL, Ind. — ADESA will not participate in the automotive remarketing industry’s initiative to establish a multi-platform system (MPS) that would allow simultaneous bidding on vehicles listed on multiple online auction sites. Manheim, ADESA, and other independent auctions began developing the MPS after announcing it at 2014 Conference of Automotive Remarketing. Auction representatives formed a ... Read More »

Wholesale Used Prices Softened in October, Kontos Reports