ADESA wants to help its clients, so on Tuesday the auction company announced the launch of its new Purchases Page for U.S. buyers. KAR Global explained the new page is designed to streamline online self-checkout and expand post-sale capabilities, enabling customers to view and manage all their ADESA Simulcast and Simulcast+ purchases in one centralized […] [Read More]

You could say black is white or wet is dry when considering the current state of the wholesale market, since rental car companies now are part of the primary group of buyers at the auction rather than being typical consignors. Along with releasing a new white paper on Tuesday, Black Book also looked to summarize […] [Read More]

Turns out, there was more than one decades-long drought snapped for an Atlanta entity this past week. Cox Automotive, headquartered in Georgia’s capital, said Friday that its Manheim Used Vehicle Value Index saw its first-ever non-seasonally adjusted October increase last month. The index — which began in 1997, a year after the city’s Summer Olympics and two […] [Read More]

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]