Wholesale

While the upswing in 2024 isn’t likely to be as strong as last year’s, the wholesale vehicle market is showing a gradual rebound in volumes and has started the year with some impressive gains. At the Manheim auto auction chain, wholesale sales climbed in 11 of the first 13 weeks of the year and were up 15% year-over-year in the first quarter, said Jeremy Robb, senior director of economic and industry insights at parent company Cox Automotive. Year-to-date through February, there were ... [Read More]

It continues to be a celebratory atmosphere in the auction world. While BSC America’s Bel Air Auto Auction recently commemorated its 77th anniversary, the National Auto Auction Association is gearing up for this year’s World Automobile Auctioneers Championship (WAAC). What NAAA considers the premier competition in the auto auctioneer industry is set to take place […] [Read More]

Perhaps the bartender hasn’t yet made the last call, but the spring market might soon be hitting closing time. Black Book reported on Tuesday that wholesale prices moved only 0.14% higher last week. While that’s on par with what analysts noticed during the same week in 2017 to 2019, the movement is 10 basis points […] [Read More]

ACV has expanded yet again, but this time, it’s within the vehicle transport and logistics side of the business. The company said Monday that its ACV Transportation unit, which provides vehicle logistics solutions, is now offering its services for vehicles purchases outside of the ACV platform. “The mission of ACV Transportation continues to be making […] [Read More]

This feature is part of Auto Remarketing’s upcoming “Beyond the Transaction” edition, which is the May print issue of the magazine. It is available for Cherokee Media Group Premium subscribers now. Whether determining if a trade-in should be retailed or wholesaled or ensuring that it’s mechanically and/or cosmetically certifiable, used-vehicle reconditioning is the lifeblood of any retail used-car operation, but can’t happen without having good technicians. And though the struggle to find and keep technicians isn’t new, it’s still very real. Just ask Greg Cole, dealer principal of Athens Chevrolet in Athens, Ga. Cole said his Georgia dealership is in “a situation that is unique to me.” About 20 miles west of his store is Winder, Ga., home of one of Carvana’s inspection and reconditioning centers. That puts Cole’s store in ... [Read More]

This feature is part of Auto Remarketing’s upcoming “Beyond the Transaction” edition, which is the May print issue of the magazine.  It is available for Cherokee Media Group Premium subscribers now.  Electric vehicles, new technologies designed to help drivers drive more safely and the sheer need for speed when it comes to finding the right used vehicle for their retail and wholesale customers, has caused auctions and other wholesale providers to rethink vehicle reconditioning. Leading the way is [Read More]

Exeter Finance senior vice president of asset remarketing and repossession Brent Huisman was honored as 2024 Consignor of the Year during last month’s CAR Conference in Scottdale, Ariz. Huisman has served as Exeter’s asset remarketing and repossession leader since 2019, responsible for the company’s asset disposal and repossession efforts across the U.S. Before joining Exeter, […] [Read More]