Black Book said Friday that Robert Burnett, former president and chairman of the National Auto Research (publisher of the Black Book vehicle appraisal guides), died April 3 at his home in Sarasota, Fla., at the age of 81. Black Book is part of the Business Media group of companies at Hearst. In a news release, […] [Read More]

BSC America’s Bel Air Auto Auction is ready for a memorable week. One of the longest-running auto auctions in the country will celebrate its 75th anniversary on Wednesday and Thursday. According to a news release, Bel Air is expecting more than 2,500 vehicles to cross the block and many customers to participate in the festivities. […] [Read More]

AutoIMS has promoted director Keely Smith to the role of vice president of contracts and business services. Smith has been with the company since March 2002, when she joined as head of customer service and was one of the early employees at AutoIMS. She eventually began managing customer contracts billing and compliance. In her new […] [Read More]

Though still considerably higher than year-ago levels, wholesale vehicle prices declined sequentially for the second consecutive month. And the slowdown appears far from over, according to Cox Automotive, which said its Manheim Used Vehicle Vehicle Index came in at 223.5 in March. While up 24.8% year-over-year on a mix-, mileage- and seasonally adjusted basis, that […] [Read More]

Auction award season continued this week as defi REMARKETING, the end-to-end remarketing services of defi SOLUTIONS, announced its 2021 Auction of the Year. The company’s top accolade went to ADESA Cincinnati/Dayton, as defi REMARKETING also recognized Manheim Dallas and Manheim Orlando as second and third place honorees, respectively. Executives highlighted ADESA Cincinnati/Dayton has been a […] [Read More]

Along with his usual review of wholesale price data compiled within KAR Global, chief economist Tom Kontos also used his regular industry update to offer a forward-looking price assessment, leveraging figures from the U.S. Bureau of Labor Statistics. For his newest Kontos Kommentary, Kontos examined the historical relationship between the used- and new-vehicle consumer price […] [Read More]

What you might have thought of as just a back-lot beater that only starts, steers and stops might be the vehicle currently most in demand in both the wholesale and retail markets. Black Book said the “real headline” of last week was the value increase for vehicles 8 to 16 years old, as analysts determined […] [Read More]

Rapid Recon chief executive officer Dennis McGinn is the guest for this episode of the Auto Remarketing Podcast to discuss how dealers are preparing inventory; whether the vehicles are coming via trades, the wholesale market or purchases made from private owners. McGinn also pointed out who at the dealership is taking an even greater interest […] [Read More]

The top executive leadership changes at CarLotz continued on Thursday. Along with announcing that chief operating officer John Foley and chief technology officer Dan Valerian will be departing in April, CarLotz appointed a new president as well as a new CTO. Taking on the role of president of consignment-to-retail used vehicle marketplace is Ozan Kaya, […] [Read More]

XLerate Group, the parent company of America’s Auto Auction, has reinforced its sales and marketing departments by placing a trio of experienced wholesale market professionals into critical roles. The latest move arrived on Friday when the company announced the appointment of Sawyer Walker as director of national sales for the combined wholesale operation.  Walker started […] [Read More]