Manheim named a new vice president of remarketing last week, promoting Marty D’Amato to the position. D’Amato has been with the company since 2019, when he joined to lead retail reconditioning operations for Manheim’s Texas market center. His background also includes time with Amazon, Serta Simmons Bedding and the U.S. Army. “Marty’s operational leadership and […] [Read More]

Wholesale prices softened by 0.15% during the week going into the Fourth of July weekend. However, why Black Book said it was “no surprise” values moved in that direction might not be fortuitous for either auctions or dealerships. Analysts continued in the newest installment of Market Insights by saying, “with the exception of … [Read More]

CARS Recon has a new president. In a move that was effective Friday, director of operations and client services Becky Anderson is now president and will lead day-to-day operations, strategy and planning. CARS Recon chief executive officer and board chairman Ron Hope (formerly the president) will remain in those positions but will not be directly […] [Read More]

It was a celebration in the wholesale world for multiple reasons recently in Connecticut. The National Auto Auction Association (NAAA) has named Garrison Hudkins as a Warren Young Fellow for 2022 and presented the award during Southern Auto Auction’s 75th anniversary celebration. According to a news release, the honor recognizes Hudkins for his service and […] [Read More]

Black Book said in its newest installment of Market Insights that overall wholesale prices softened slightly for the first time since the week of April 18. However, with fuel costs still at unprecedented levels, values for compact cars now have climbed for [Read More]

The investment community continues to push funds into the fleet sector. On Tuesday, Castlelake, a global alternative investment manager with approximately 17 years of experience investing in asset-rich opportunities, announced that as part of its income investing strategy, it has reached an agreement to provide up to $155 million in fleet financing to Voyager Global […] [Read More]

America’s Auto Auction Bowling Green has a new general manager.   AAA said in a news release Tuesday that Karol Kirby Ahmed has been promoted to the GM role. “Karol joined America’s Auto Auction in 2017. Her rich auction lineage evolved from her family’s auction business in South Central Kentucky and Middle Tennessee,” AAA chief […] [Read More]

The National Auto Auction Association put in its bid and now has an acquisition coming down the lane. NAAA has purchased the World Automobile Auctioneers Championship from Paul Behr, announcing the deal at the 2022 WAAC event in Des Moines, Iowa. Behr has owned WAAC since 2005. The event brings in the nation’s top auctioneers […] [Read More]

After 76 years of operations and sending vehicles down the lanes in northwest Pennsylvania, a part of America’s Auto Auction has a new name. Members of the AAA corporate team attended the sale at their newly branded facility last week, as this auction celebrated its 76th anniversary and introduced dealers to its new name.  According […] [Read More]

Here’s more industry consolidation; this time in the fleet space. A news release from Athene Holding distributed on Monday announced the signing of a stock purchase agreement by LeasePlan Corp. with Wheels Donlen’s parent company to acquire LeasePlan USA. The result will be the combination of LeasePlan USA with Wheels Donlen to create a unified […] [Read More]