KAR Global chief economist Tom Kontos might have channeled his inner weatherman when he used the term “perfect storm” as part of his description of the current wholesale market. Kontos elaborated about what he meant and more during another conversation for this episode of the Auto Remarketing Podcast. To hear the conversation, click on the link […] [Read More]

It’s been a little over four months since I took on the role of leading Manheim’s vehicle information. And in that time, I’ve been thinking a lot about light. Maybe it’s because we’re finally seeing the light at the end of the tunnel with progress on COVID vaccines. And maybe it’s because it feels like […] [Read More]

Manheim has a long and dedicated track record of making it a priority to try to ensure the safety of its employees, clients and guests, both in the lanes and on the lots.  And yet, the unprecedented events of 2020 — a global pandemic, social and political unrest, devastating wildfires, and a hurricane season for […] [Read More]

The pandemic certainly impacted Hertz Global Holdings as much as any company with a connection to vehicles. But the company shared several positive developments in recent days, including the closing of its Donlen sale, more than $1 billion in first quarter revenue as well as how its exit from Chapter 11 bankruptcy will be funded. […] [Read More]

Have a hot-shot Green Pea at your store who is itching for a spiff or other recognition you offer? Here is a suggestion based on the latest wholesale observations contained in the latest installment of Black Book Market Insights. Ask the new dealership teammate to find vehicles that do not need much, if any, reconditioning […] [Read More]

Manheim shared a trio of management moves Monday, announcing first that its regional vice president for the Florida region, Mark Ford, is set to retire at the end of 2021. The company also announced two promotions in its Manheim Mid-Atlantic Market Center. Chad Spearman is now auction manager at Manheim Baltimore-Washington and Danielle Sweet is […] [Read More]

Make that three straight months of records for the Manheim Used Vehicle Value Index. The Cox Automotive business unit’s measure of wholesale car prices came in at 194.0 for April, which beat year-ago figures by 54.3% and was nearly a 15-point jump from the prior record set a month before (179.2). Mix, mileage and seasonally […] [Read More]

Megan Tucker began working for America’s Auto Auction Greenville in South Carolina as a part-time office clerk in 2007. She also helped with some of the auction’s marketing activities, using her training as a graphic arts student at School of Communication Arts in Raleigh, N.C. She went on to handle the marketing for all of […] [Read More]

The Black Book Used Vehicle Retention Index for April showed how much different the wholesale market is now compared to a year ago when the pandemic really began to intensify. Black Book reported on Thursday that its April index reading came in at 152.4, representing a rise of 11.2 points or 8.0% from March and […] [Read More]

CarLotz has named former Amazon Web Services executive William Vallier as senior vice president of technology, describing him as a digital transformation veteran. “His innovative thinking and strong execution skills will strengthen the company’s technology and systems capabilities as we execute on the most dramatic period of growth in our company’s history,” CarLotz co-founder and chief […] [Read More]