Black Book analysts elaborated about subcompact cars and full-size pickups as part of their latest installment of Market Insights released on Tuesday. The commentary came as Black Book is seeing the overall decrease in wholesale prices starting to decelerate, as values made a 0.36% decline during the week that ended Saturday. [Read More]

When another month starts next week, IAA will have a new executive vice president and chief financial officer. IAA announced on Tuesday that Susan Healy will join the company on Sept. 1 to serve in those roles. According to a news release, Healy will succeed Vance Johnston, who is leaving IAA to pursue other opportunities. […] [Read More]

CarLotz said Monday it has opened a hub in the St. Louis area, its third location in the Midwest. It is located at 1807 W Highway 50 in Fairview Heights, Ill. CarLotz’s other two Midwest locations are located in the Chicago area. CarLotz provides omnichannel services in California, Colorado, Florida, Illinois, Missouri, North Carolina, Tennessee, […] [Read More]

KAR Global has made yet another big move in the online dealer-to-dealer space. The company said Monday it has reached a deal to acquire CARWAVE Holdings for $450 million. The California-based dealer-to-dealer online wholesale marketplace was founded in 2009, and its network of dealer customers includes stores in Arizona, California, Nevada, Oregon and Texas.  The platform […] [Read More]

With the International Automotive Remarketers Alliance Summer Roundtable fast approaching, I am personally eager to reconnect with those in the remarketing industry after more than a year of virtual meetings. This industry is built on relationships, and it is more important now than ever before that we take time to invest in those relationships and focus […] [Read More]

Editor's Note: This is a special online preview, available only to CMG Premium subscribers, of Auto Remarketing's upcoming special print edition for the NAAA Convention. The excerpt below is Part II of the feature. In part I of this feature, we looked at the market impacts affecting the reconditioning activities at the wholesale auction industry’s two […] [Read More]

Editor's Note: This is a special online preview, available only to CMG Premium subscribers, of Auto Remarketing's upcoming special print edition for the NAAA Convention. The excerpt below is Part I of the feature, which looks at reconditioning trends. Stay tuned for Part II, which examines transportation/logistics. Unprecedented trends surfacing during the first half of the […] [Read More]

Editor's Note: This is a special online preview, available only to CMG Premium subscribers, of Auto Remarketing's upcoming special print edition for the NAAA Convention. The excerpt below is Part II of the feature.  Beyond the buying and selling of vehicles, the auto auction sale brings folks together.  Not unlike many of the industry events we […] [Read More]

Editor's Note: This is a special online preview, available only to CMG Premium subscribers, of Auto Remarketing's upcoming special print edition for the NAAA Convention. The excerpt below is Part I of the feature. Stay tuned for Part II. Tricia Heon is no stranger to the auto auction industry, nor is the industry a stranger to […] [Read More]

Though still up considerably from year-ago levels, wholesale vehicle prices in the first half of August were down slightly from the full month of July. That’s according to the mid-month reading of the Manheim Used Vehicle Value Index. Through 15 days of the month, the index was at 193.7. That’s up 18.3% from the midpoint […] [Read More]