Former XLerate exec takes on new president post

Auto Remarketing Staff

After eight years at XLerate Group, Darris McClure has joined Catastrophe Solutions International (CSI) to head the North American operations. McClure brings operational expertise from the technology-enabled automotive services industry to his new role.  “Recruiting Darris reflects our commitment to our... Read More

Clark County AA joins ServNet

Auto Remarketing Staff

ServNet announced Wednesday that Clark County Auto Auction has been named the newest member of the independent auction group.  Clark County Auto Auction is located in Jeffersonville, Ind., and serves dealers in the southern part of the state, as well as the Louisville, Ky., market area. “I join with... Read More

Joe Overby, Senior Editor

Editor's note: This story was originally published on Jan. 3. Ken Osborn passed away the following week. Auto Remarketing sends its condolences to his family and ADESA team. An updated version of the story is below.  The night that Ken Osborn earned his bachelor’s degree in the early 1980s, he saw his... Read More

Wholesale car prices plummet to close 2017

Auto Remarketing Staff

Black Book noticed that big crystal ball in Times Square wasn’t the only thing to make a noteworthy drop to wrap up 2017. This week's edition of the Black Book Market Insights revealed cars softening in value by a record 0.78 percent. Editors determined that midsize cars saw the highest depreciation with... Read More

Auto Remarketing Staff

Before 2017 closed, Auction Management Solutions (AMS) announced that the firm partnered with Alliance Auto Auction for business development consulting. Adding this operation brings the firm’s client list to 22 total locations. “Adding a growing, vibrant family of Texas auctions to the AMS family only... Read More

Chris Hart-Williams , Staff Writer

The last Oldsmobile ever built sold for nearly double its original price during a Dec. 15 sale featuring the historic vehicle. A dealer from Florida took home the last Oldsmobile — a dark cherry 2004 Oldsmobile Alero with only 29 miles — along with the final Oldsmobile Cutlass and Ciera models,... Read More

Nick Zulovich, Staff Writer

As 2017 wound down, J.D. Power Valuation Services, KAR Auction Services and RVI Group all shared their wholesale price analysis for what happened in November. The report that showed the greatest change came from J.D. Power Valuation Services, which indicated in its latest issue of Guidelines that wholesale prices of... Read More

Auto Remarketing Staff

Insurance Auto Auctions recently announced that it has both relocated its Jackson, Miss., branch and expanded its Grenada facility in the same state to significantly boost the company’s inventory capacity. The company said the new expansions have increased the facilities’ previously combined 32 acres to more... Read More