Two firms in the transportation industry started the new year by working together. On Tuesday, Ship.Cars, a leading automotive transport technology company, announced a partnership with CarrierSoft, an automotive transport software provider. According to a news release, CarrierSoft has integrated its Broker TMS platform, MegaBee, with Ship.Cars’s Market, enabling brokers to post loads directly from […] [Read More]

Used-car managers might agree with the description Black Book gave the 2021 wholesale market, calling it a “wild ride” in the first installment of Market Insights for the new year released on Tuesday. [Read More]

The final reading of the Black Book Used Vehicle Retention Index put an exclamation point on just how unique 2021 was when it comes to wholesale prices. Black Book revealed the December index reading on Tuesday, saying it increased another 5.8 points (or 3.1%) from November to land at 195.7. Analysts determined that rise left […] [Read More]

We're back! In our first episode of the Auto Remarketing Podcast of 2022, Manheim president Grace Huang joins the show to look back at the big themes in the auction industry from 2021, while also outlining Manheim's goals for 2022. We discuss digital wholesale, electrification of the vehicle fleet, industry consolidation and much more. Huang's 2021 […] [Read More]

XLerate Group said last week that it has completed its purchase of America’s Auto Auction, wrapping up a deal reported first by Auto Remarketing on Dec. 22. The companies did not disclose the transaction’s terms. The combined company includes 39 auction locations in 19 states, digital and mobile auction businesses and related financing operations. XLerate has […] [Read More]

Former ADESA president and chief executive officer Tom Caruso passed away on Tuesday, the auction chain’s parent company KAR Global said in a statement Thursday. Caruso, who retired in March 2020, spent 40 years in the remarketing business, including time as ADESA’s president and CEO, its chief operating officer and its executive vice president, among […] [Read More]

XLerate Group said Wednesday it has entered a definitive agreement to buy America’s Auto Auction; a deal that will create a supergroup of more than three dozen auto auctions. The companies did not disclose terms of the deal. The purchase is arguably one of the most significant in the recent history of the auto auction business. Granted, […] [Read More]

KAR Global announced leadership changes at eight ADESA locations on Thursday. New general managers now are in place at operations throughout the U.S., including: — Michele Arguijo at ADESA Austin — Amy Coley at ADESA Washington, D.C. — Sheldon Jones at ADESA Little Rock — Derek Kline at ADESA PA — Sean O’Connell at ADESA […] [Read More]

Dent Wizard International has added another role for chief operating officer Addison Thomas: company president. Thomas, who will remain COO, will take on that role effective Jan. 1. He has been COO since 2018, and previously served as vice president of operations and regional vice president for the West. “I continue to be humbled, honored […] [Read More]

Well, perhaps you can call it a gift for used-car managers. At least wholesale values aren’t rising as much now as they did earlier this year. That’s the gist of the latest Market Insights from Black Book, which described the auction scene as dealers get ready for what some stores call the “13th month.” [Read More]