After piloting the program in September, Hertz will now sell used vehicles directly to consumers online through Carvana. Like its peers in the rental-car space, Hertz has traditionally leaned on auctions, direct-to-dealer programs and its network of retail locations to remarket used inventory from its fleet. The partnership between the rental giant and Carvana announced […] [Read More]

The National Auto Auction Association announced its Warren Young Fellows for 2021 on Tuesday. Each of the four recipients were recognized following their terms leading their respective NAAA chapters as president. This year’s honorees are: — Eric Autenrieth, who is NAAA vice president, owner of Indiana Auto Auction and general manager of Carolina Auto Auction. […] [Read More]

Wholesale vehicle prices have climbed for eight straight weeks, and the lack of supply continues to exacerbate the odd dynamics, perhaps even frustration, in the used-car market. According to the latest Market Insights report from Black Book, which recapped the week ending Saturday, there was a 0.63% increase in wholesale values last week. That’s up […] [Read More]

KAR Global named a chief digital officer on Monday, hiring a former Microsoft and Amazon leader. Appointed to the post is James Coyle, who was most recently the chief executive officer of RealSelf, a digital marketplace in the medical space. Coyle’s experience includes time with Microsoft and Amazon, where he headed up consumer electronics. His […] [Read More]

Dealers Auto Auction of Oklahoma City has named a new general manager to replace longtime GM Bruce Beam. Hired for the position was former XLerate Group chief operating officer Pat Stevens, whose experience also includes time with Manheim and ADESA. Stevens started his auto auction industry career in 1993 at Manheim Dallas, where was fleet […] [Read More]

CarLotz is launching a second hub in California, this time setting up shop in the nation’s second-largest metropolitan area. The consignment-to-retail used-car marketplace is opening a hub Monday in Pomona, Calif., that will serve Greater Los Angeles. This will complement the existing CarLotz hub in Bakersfield, which opened in June. Plans for the LA-area hub […] [Read More]

Obviously, vehicles cannot be transported to and from auctions and dealerships without someone to load them and drive the hauler to the intended destinations. United Road is boosting its efforts to ensure that key person is readily available to meet vehicle transportation demands. This week, United Road president and chief executive officer Mark Anderson announced […] [Read More]

IAA reinforced its European resources on Friday via an acquisition. According to a news release, IAA — the presenting sponsor of Auto Remarketing’s 40 Under 40 honorees who will be recognized during Used Car Week — announced it has signed an agreement to acquire the stock of SYNETIQ, a leading integrated salvage and vehicle dismantling […] [Read More]

In another big move by the rental car giant this month, Hertz named a chief information officer on Thursday. Hired as executive vice president and CIO is Tim Langley-Hawthorne, whose most recent post was as CIO of Hitachi Vantara, a subsidiary of Hitachi Ltd. Langley-Hawthorne was with Western Union prior to Hitachi, serving in several […] [Read More]

Halloween is less than two weeks away, and dealers might be thinking they’re getting tricked since it doesn’t appear to be much of a treat for them in the lanes this fall. Black Book described the unusual pricing landscape that’s continues to be seen in the wholesale market, as overall values rose for the seventh week […] [Read More]