This week, GM Financial named five regional 2021 Auction of the Year winners and a winner of Most Valuable Auction of the Year, which are part of the consignor’s annual nationwide auction of excellence program recognizing the highest-performing auction locations in 2021. GM Financial said recipients were selected after reviewing each of the company’s 50 […] [Read More]

On Wednesday, Copart announced that its board of directors has appointed Jeff Liaw, who has been serving as president and chief executive officer North America, to be co-CEO in a move that’s effective on Friday. According to a news release, Copart said Jay Adair will continue his leadership of the company as co-CEO and as […] [Read More]

Along with recently broadening its foreign enterprise in Africa and Central America, IAA on Wednesday announced the domestic expansion of branches in Iowa and Illinois. According to a news release, capacity has doubled at the IAA Des Moines branch and IAA St. Louis has increased capacity by approximately 30%. IAA said the expansions will help […] [Read More]

Exeter Finance announced its 2021 Exeter auction eXcellence and EMI awards at the recent CAR Conference in Las Vegas, recognizing auctions in divisions based on size and units sold. Taking home the honors were: Division III: DAA Seattle Division II: Metro Phoenix Division I: Bel Air Auto Auction The EMI winner was Indiana Auto Auction. […] [Read More]

Black Book said the estimated average weekly sales rate continued to climb, as during the timeframe that concluded on Saturday, it stood at 67%, marking a similar rise they saw last week and “another positive indicator for a spring market.” Analysts rattled off several more reasons why spring might be germinating in the wholesale market […] [Read More]

CarGurus said Monday it has brought the CarGurus Instant Max Cash Offer platform to four additional states, meaning the online car-selling solution is now available in 27 states and Washington, D.C.  The latest launches were in North Carolina, South Carolina, Ohio and Arizona.  The company said CarGurus Instant Max Cash Offer now reaches about 81% […] [Read More]

Fueled in part by acquisitions during the past year of MAX Digital, Drivably and Monk SAS, ACV said its workforce now tops 2,000 teammates across its North American footprint. And the digital automotive marketplace and data services partner for dealers and commercial partners welcomed its newest employee on Friday, as ACV expanded its senior leadership team […] [Read More]

EBlock has been on the fast track to business expansion and growth in both its home — Canada, where it launched in 2015 — as well as the United States, which it entered in 2019.  Jason McClenahan, who is president and chief executive officer of EBlock parent company E Inc., said in an episode of […] [Read More]

Given the widespread challenges from vehicle inventory shortage and supply chain issues, there was a 10% year-over-year decline in the number of units that entered the lanes of NAAA-member auctions last year, according to the association’s annual industry survey.   There was also a 4.6% drop in the number of cars that entered auction lanes […] [Read More]

ACV chief executive officer George Chamoun returns to the Auto Remarketing Podcast during this episode recorded at NADA Show 2022 earlier this month in Las Vegas. George sits down with senior editor Joe Overby to talk about ACV's recent acquisitions of Drivably and Monk and how they fit into the company's ecosystem, how dealers can […] [Read More]