United Road wants to be agile and nimble when it comes to being a provider of finished vehicle transport logistics in North America. And the company’s newest executive has experience working with major automotive industry brands that needed those attributes. This week, United Road president and chief executive officer Mark Anderson announced the appointment of […] [Read More]

The slowdown in sales at auto auctions in 2020 was not “completely unexpected,” amid a year that saw the remarketing industry and others like it adjusting to challenges from COVID-19. But several bright spots had the leadership of the National Auto Auction Association optimistic as the trade group released its 24th annual membership survey on […] [Read More]

Four days after announcing its hub in the Southwest, CarLotz said Monday it has opened a hub in Denver, its first in Colorado. With this addition, CarLotz now operates in California, Colorado, Florida, Illinois, North Carolina, Tennessee, Texas, Virginia and Washington state.  It also has plans to open soon in Georgia and Missouri. On Thursday, […] [Read More]

Of the 22 different vehicle segments Black Book tracks for its Market Insights, only three posted higher values last week compared to a week earlier. The smallest two gains were connected with vehicles likely on either end of the buyer spectrum — subcompact cars for individuals on budget and premium sporty cars for those people […] [Read More]

The National Auto Auction Association has a new chief executive officer. Replacing Frank Hackett, who is retiring from the position after 17 years as CEO, is Tricia Heon, who was previously NAAA’s chief operating officer. Heon will be the first woman CEO in NAAA’s 73-year history. “This marks a milestone for NAAA and for the […] [Read More]

Cherokee Media Group president Bill Zadeits connects with Paul Seger, who is the current president of the International Automotive Remarketers Alliance. Paul provides a preview of the IARA Summer Roundtable, celebrating its 20th Anniversary next month at the San Antonio Marriott Riverwalk. He also provides some insights on the wholesale market. To listen to this […] [Read More]

The September edition of Auto Remarketing will celebrate the National Auto Auction Association, the auto auction industry at large and NAAA's annual convention. One of the features in this special issue is the annual “Auction Life” photo spread, where we invite NAAA-member auctions to submit photos of daily auction life from the past year. If you and your […] [Read More]

As part of the September NAAA Convention issue of Auto Remarketing, we are launching a new project: High-Performance Auto Auctions.  Essentially, this is a roundup of "Auto Auction of the Year"-type awards from consignors, auction groups and other industry stakeholders. We are spotlighting the award-winning auctions throughout the industry.  For example, if you are a consignor, this […] [Read More]

Manheim said Thursday it has opened its first-ever physical auction location n in Northwest Ohio with the launch of Manheim Montpelier. The auction, which held its grand opening sale Tuesday, was formerly Montpelier Auto Auction, which appears to have previously been closed. A Manheim spokesperson said via email that this would not be considered a […] [Read More]

If you can find the inventory you want, maybe you won’t be paying as much for it. Black Book analysts spotted multiple positive developments for dealership personnel tasked with finding profitable inventory. While prices might be softening noticeably, the latest installment of Market Insights also mentioned that volume still is down — especially units that […] [Read More]