Peter Kelly has said it before, and he said it again during OPENLANE’s first quarter 2025 earnings call on May 7: “OPENLANE is a digital marketplace in a relationship business.” “And the relationships that our customers have with our people and our products are critical to our long-term success,” said Kelly, who is CEO of OPENLANE. Kelly spent a good portion of the earnings call talking about how the company is ... [Read More]

The National Auto Auction Association said Chuck Stepter passed away on May 11. NAAA highlighted Stepter was a longtime supporter of the association and served as its general counsel. Stepter also was an NAAA Warren Young, Sr. Scholastic Foundation Fellow and a member of the NAAA Honor Society. According to a message sent on Monday, […] [Read More]

Electric vehicle-focused fleet management platform Bluedot announced it is now supporting EV manufacturer Rivian’s mobile service fleet operations to streamline its charging experience. The Bluedot platform is designed to simplify the charging process by providing unified access to chargers, as well as tracking and automated reimbursement capabilities. In a news release, Bluedot said it enhances […] [Read More]

Mike Browning, who is president of the NAAA Warren Young, Sr. Scholastic Foundation, sent a letter through the National Auto Auction Association on Monday in response to severe weather and tornadoes that ripped through Kentucky, Indiana, Illinois, and Missouri on Friday and Saturday. Among the reports from the National Weather Service, a tornado rated at […] [Read More]

Continuing an ongoing conversation with consignors, this episode of the Auto Remarketing Podcast originating from this spring’s Auto Intel Summit highlights how these wholesale market participants are leveraging innovation. Sharing their perspectives are John Urness of JPMorgan Chase, Stevo Trpovski of Ally, Kelsey Summs-Chitwood of Summs Skip and Collateral Solutions and Tom Gerst of TD […] [Read More]

A quartet of auction executives discussed remarketing in the “innovation era” during this spring’s Auto Intel Summit. Now available through this episode of the Auto Remarketing Podcast, addressing this topic are Greg Borowski of ACV Auctions, Nikki Behrens of ADESA, Joe Kichler of Cox Automotive and Chris Angelicchio of the ServNet Auction Group. Listen to […] [Read More]

United Road has promoted one of its own to lead it. The company, which claims the title of North America’s largest provider of finished vehicle logistics, has named Ryan Kraft as its new CEO, citing his “dynamic vision and deep institutional knowledge.” Kraft has been with United Road for more than 15 years, rising through […] [Read More]

Sales of electric vehicles at auction hit an all-time high in March, according to the National Auto Auction Association. And then? The very next month, EV sales jumped about 20% higher than that record. Specifically, there were ... [Read More]

Black Book reported on Tuesday that wholesale prices for both cars and trucks have now increased for nine consecutive weeks, which includes the stretch when values often peak then level off going into summertime. With overall prices climbing another 0.11% last week, Black Book also mentioned in its newest installment of Market Insights that the […] [Read More]

April was the strongest month for wholesale auction sales since the early days of COVID-19, driven by a surge in dealer sales not seen in over a year-and-a-half, according to the National Auto Auction Association. In its latest AuctionNet data and analysis, NAAA said there were 652,315 wholesale auction unit sales last month, which beats […] [Read More]