The International Automotive Remarketers Alliance is again leveraging digital technology to host its next industry event, which is on tap to begin at 11:30 a.m. (ET) on Thursday. While it will be confined to an online environment because of the pandemic, the 2021 IARA Virtual Conference includes familiar industry leaders such as Tom Kontos, Paul […] [Read More]

Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Monica Morrison, director of remarketing at Veros Credit. Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, also, what aspect(s) […] [Read More]

In what we’re proud to call an annual tradition, Cherokee Media Group’s Women in Remarketing program has evolved into a celebrated franchise of Auto Remarketing and a key pillar of the National Remarketing Conference and Used Car Week. We recognize the 2021 honorees in the March issue of Auto Remarketing, and will be posting Q&As with each […] [Read More]

In this episode of the Auto Remarketing Podcast, we connect with IAA president and chief executive officer John Kett, who talks about the CEO Action for Diversity and Inclusion pledge he signed. Kett also shares what's on IAA's radar this year and explains how going digital proved to be a win for the company. To […] [Read More]

Manheim said Thursday it is amid what’s close to a $100 million investment to further connect its digital and physical offerings to meet the needs of its clients. As Manheim executives emphasized in a call Wednesday, the “digital transformation” of auction processes are not limited to sale day — there’s a lot that happens in […] [Read More]

Black Book reported on Tuesday that all 22 vehicle segments its analysts watch for weekly wholesale price updates moved higher. In a follow-up message to Auto Remarketing on Wednesday, Black Book said that across-the-board climb has happened only seven times since the company began to track the week-over-week changes in 2009. And in perhaps a […] [Read More]

March Madness isn’t just happening on the college basketball court. The newest Market Insights from Black Book released on Tuesday showed that each of the 22 vehicle segments analysts track for the weekly update moved higher a week ago. The across-the-board rise pushed car prices higher by 1.11% and truck prices up by 0.58%. In […] [Read More]

Not only did soaring wholesale prices push the Manheim Used Vehicle Value Index to a new record, but the February reading also smashed the previous high by 5.5 points. Cox Automotive reported on Friday that wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 3.79% month-over-month in February. That climb brought the […] [Read More]

Editor's Note: This is Part II of a three-part series on how the auto auction industry was impacted by and responded to the destructive winter storm that hit the central U.S. in mid-February. This piece examines the strategies of independent auto auctions.  Part I looked at ADESA's use of technology to facilitate remote sales allowed it […] [Read More]

Global digital marketplace IAA has opened a new Kansas City branch location, with the company’s president of U.S. operations Tim O’Day saying the location provides much-needed capacity in a rapidly growing market. The new Kansas City East location, at the Southeast corner of Old State Hwy. 40 and Reich Rd., in Odessa, Mo., more than […] [Read More]