Acquisitions aren’t just happening among dealerships. Auctions and other automotive service providers are in the mix, too, with the latest move involving the rarest of vehicles. On Thursday, Barrett-Jackson Holdings, the parent company of Barrett-Jackson Auction Co., announced the acquisition of the Phoenix-based Collector Car Network, including ClassicCars.com, AutoHunter, The ClassicCars.com Journal and the Future […] [Read More]

Enterprise Holdings is making quite a financial commitment to addressing social and racial equity gaps facing youth and families in communities across the globe. Through the Enterprise Holdings Foundation, the company that operates the Enterprise, National and Alamo rental car brands is awarding its inaugural local Enterprise Holdings ROAD Forward grants to nearly 700 nonprofit […] [Read More]

In a message to its members Thursday, the National Auto Auction Association said that Auto Auction of New England co-owner Bill DeLuca, Jr. died Wednesday.  DeLuca founded the Bank of New England and finance company Auto Use. He also owned the Bill DeLuca, Jr. Family of Dealerships.  Funeral arrangements and further information are forthcoming, NAAA’s […] [Read More]

ACV continues to grow beyond its beginnings as a digital dealer-to-dealer wholesale platform. Mike Pokora, who heads up research and development for ACV, joined the Auto Remarketing Podcast to discuss the company's expansion into other areas of tech, how its Audio Motor Profile technology utilizes machine learning, what pieces of the tech puzzle need to be solved […] [Read More]

Perhaps, it’s potentially the second-most encouraging development for dealers who are looking for inventory. [Read More]

Just like dealers might be walking away from the lanes because prices are too high, Tom Kontos has a theory that potential buyers might be doing the same thing on dealership lots for similar reasons. The KAR Global chief economist shared his theory in the newest Kontos Kommentary after examining the latest company data and […] [Read More]

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]