America’s Auto Auction said Monday it has expanded its national dealer and commercial sales team, hiring Bill Broadway and Johanna Studzinski. Broadway, who has been in the auto auction industry for 13 years, said in a news release: “I am honored for the opportunity and am excited to be in this new role. I look […] [Read More]

ADESA has named a new regional vice president and three new auction general managers. Appointed to be regional VP for the central region is Craig Estep, and the new auction GMs are Keyvan Nayeri at ADESA Houston, Mina Ibrahim at ADESA New Jersey, and Brandon Clay at ADESA Tulsa. Estep has been in the auction […] [Read More]

In pre-COVID times, a given year could yield upwards of 10 million vehicles sold at NAAA-member auto auctions. That’s also about how many questions arose when Carvana announced a deal in February to acquire KAR Global’s ADESA auction business in the U.S. (Well, at least in this reporter’s mind). More than six months have passed since […] [Read More]

Welcome to Auto Remarketing’s second annual High Performance Auto Auctions awards program. Through a series of recaps, this special feature spotlights the auctions who have taken home “Auto Auction of the Year”- style awards from consignors, auction groups and other industry stakeholders over the last year and change. Join Cherokee Media Group in congratulating these […] [Read More]

Well, Black Book spotted out a way to get the estimated average weekly sales rate down to near the lowest level seen in almost six months. Just have the wholesale market post four consecutive weeks of price declines averaging greater than [Read More]

Black Book’s wholesale market experts aren’t the only ones seeing prices declining at a notable pace. Cox Automotive also reported this week that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 3.6% from July during the first 15 days of August. Experts said that movement pushed the Manheim Used Vehicle Value […] [Read More]

It might sound like someone’s prediction of the four college football teams that might be in the running for a national championship this season, but it’s the four newest states where the CarGurus Instant Max Cash Offer now is available. On Thursday, CarGurus announced the rollout of this program in four additional states — Alabama, […] [Read More]

For the third week in a row, Black Book reported that wholesale values decreased by at least 0.85%, prompting analysts to say those price declines are “far exceeding the levels that are expected for this time of year.” According to its newest installment of Market Insights released on Wednesday, Black Book indicated that wholesale values […] [Read More]

It’s been a busy summer for IAA on the expansion front. After previously sharing updates about moves in Indiana and Hawaii, IAA on Wednesday announced that it opened a new branch located in West Palm Beach, Fla. The global digital marketplace connecting vehicle buyers and sellers now has 11 locations in the Sunshine State with […] [Read More]

Manheim has been busy fine-tuning its technology, as well as bringing new products to the market and strategic moves to further convenience and efficiency for its clients.  Brad Burns, associate vice president of vehicle information at Manheim, has helped lead the push. Manheim put Burns to work, starting with the promotion to his current role […] [Read More]