Holman Enterprises shifted the responsibilities of three executives, as the company that already has 41 dealership franchises representing 20 brands as well as fleet leasing and management company ARI in its portfolio launches a new segment focused on the commercial space. According to a news release distributed on Thursday, Holman executive vice president and chief […] [Read More]

Chase Auto recognized its top U.S. auto auction partners on Thursday, spotlighting 10 auctions via Zoom for their performance in its annual Chase Cup for Auction Excellence program. After reviewing 36 auctions for their respective performances in handling preparation, sales, invoice processing, transport requests, title processing and more, Chase awarded ADESA Kansas City the Chase […] [Read More]

Jim Jackson, a fan of saltwater fishing when he’s off the clock, found quite the catch career-wise some 30 years ago. After finishing his service in the U.S. Army, Jackson said he was “fortunate enough” to have “stumbled into” the auto industry, with a job at a salvage auction company later purchased by IAA. Jackson […] [Read More]

In this episode of the Auto Remarketing Podcast, we continue our discussions on the growing online market for vehicle auctions. Joyride Autos chief executive officer John Wicker and chief product and technology officer John Krupnik join the show to talk about the origins of their company, which provides an online auction platform and marketplace for […] [Read More]

It probably should not be a surprise that the Black Book Used Vehicle Retention Index for October hit a new record since analysts said earlier this week that wholesale prices have risen for nine weeks in a row. [Read More]

Autumn 2021 is proving to be completely atypical, with wholesale values rising for the ninth week in a row, as Black Book pointed out  on Tuesday.  But obviously, dealerships still need used vehicles to retail, so along with the latest pricing information, Black Book also touched on where used-car managers might be able to find the […] [Read More]

The National Auto Auction Association recognized Auctioneer of the Year Award winners last week at Charleston Auto Auction during an event that also included a visit from South Carolina Gov. Henry McMaster. Receiving the awards on Friday were Billy Carver and Bennie Smoak. The award is named after Bernie Hart, who was the executive director […] [Read More]

Consolidation has been a big theme in the auto industry this year, and a move announced Thursday involved the fleet/lease space. The combination of Wheels, Inc., and Donlen, LLC has closed, announced Athene Holding Ltd., a financial services company that is the lead investor in the transaction.  Athene had previously purchased Donlen from Hertz Global […] [Read More]

KAR Global chief economist Tom Kontos elaborated a bit in his newest Kontos Kommentary about a primary way franchised dealerships have been able to satisfy their customers who wanted a new model that simply wasn’t available. [Read More]

In the new-car market, the electric vehicle segment was up 51.3% year-over-year with 106,562 EV sales during the third quarter, according to Kelley Blue Book. Year-to-date, there have been 323,479 new EV sales, KBB said, which is an 88.2% hike. But the influx of EVs isn’t just happening in the new-vehicle market. As the wholesale […] [Read More]