Sale of Nine Auctions Will Appease FTC Mandate

As a result of the Federal Trade Commission’s (FTC) review of the acquisition of 28 ADT auctions by Manheim, nine auctions were offered for sale so that the deal could go through. One Manheim auction and eight ADT auctions had to be sold for Manheim to acquire ADT Automotive.

After receiving interest from more than 16 individuals and organizations, Manheim announced on June 27th that it had signed a letter of intent to sell nine auctions to ADESA.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Who Controls Your Vehicles’ Data?

In the name of security, an automaker’s alliance is advocating denial of third-party access to the OBD-II port. Is this going too far?

Job Finder: Access Top Talent. Fill Key Positions.

>