Auto Remarketing Staff

Changing consumer behavior is forcing wholesale market experts to modify how they track pricing shifts. While recapping what happened in December, J.D. Power Valuation Services shared its latest wholesale price expectations for 2018, along with what analysts suspect will happen when the January data becomes... Read More

Lynn Weaver named IAG executive director

Auto Remarketing Staff

Lynn Weaver has been named the first-ever executive director of the Independent Auction Group. Weaver is the former owner of Harrisburg Auto Auction, which he sold to Americas’ Auto Auction in December 2014 and then remained general manager until he retired from daily operations on Jan. 1 He was previously the... Read More

Chris Hart-Williams, Staff Writer

A 2018 Chevrolet Corvette Carbon 65 from GM Financial, one of only 650 limited edition vehicles produced to commemorate the Corvette’s 1953 debut., was auctioned off at ADESA Los Angeles on Jan. 25. GM Financial said Wednesday that the amount the special vehicle sold for is currently undisclosed,... Read More

Auto Remarketing Staff

Black Book’s latest wholesale price data and anecdotes from the lanes offered vivid details about what’s happening when clean trucks and SUVs roll over the block. This week’s Black Book Market Insights report also indicated overall values are holding up well as the industry approaches the spring... Read More

Chris Hart-Williams, Staff Writer

This year, GM Financial is expanding its volume footprint nationwide — recently opening distribution centers in the Detroit area, Maryland and New York — to help move more vehicles across Southeast and Midwest markets that wouldn't normally get as many off-lease returns, says GM Financial vice... Read More

Auto Remarketing Staff

Insurance Auto Auctions announced Thursday the launch of its newest auction channel for targeted buying and selling — Ignite Auction — in conjunction with the grand opening of its IAA Ignite Auction location in Portage, Wis. Via IAA Ignite, sellers can consign vehicles utilizing the... Read More

ADESA names new president

Auto Remarketing Staff

ADESA will have a new president on Feb. 26. Parent company KAR Auction Services said late Thursday afternoon that Stéphane St-Hilaire, who has been ADESA’s president since early 2014, is resigning. Taking on the role is John Hammer, who had been chief executive of KAR’s Automotive Finance Corp.... Read More

Chris Hart-Williams, Staff Writer

When faced with record snowfall and two sales scheduled just days after the storms, Greater Erie Auto Auction powered through — despite the 65 inches of snow Erie, Pa., got in less than two days. Greater Erie AA assistant general manager and dealer sales manager Ryan Russell says what his auction experienced... Read More