A day before Thanksgiving, Hertz Global Holdings announced that it has entered into a stock and asset purchase agreement to sell substantially all of the assets of its wholly owned subsidiary, Donlen Corp. However, a bankruptcy court has to approve the deal that could be valued as much as $875 million. Should the deal go […] [Read More]

Sarah Ruzicka is the new general manager at the West Michigan auction location of America’s Auto Auction. Ruzicka has been with West Michigan Auto Auction since 2011, and Carl Miskotten owned the auction at the time. In becoming general manager, Ruzicka follows Miskotten, who purchased the facility in 1997. Miskotten sold the auction to America’s […] [Read More]

Black Book suspects the current surge in coronavirus cases happening nationwide likely will impact one particular segment of the wholesale market. Analysts pinpointed the specific area in their latest COVID-19 Market Insights report released on Tuesday, saying, “New restrictions have gone into place around the country, and this has and will continue to have an […] [Read More]

A former member of the buying team at CarMax now is in a leadership position at Carolina Auto Auction. General manager Eric Autenrieth recently announced that Kaci Kartikis has joined Carolina Auto Auction as its assistant general manager of sales and marketing.  When describing what Kartikis brings to the operation, Autenrieth said, “Kaci has a strong […] [Read More]

McConkey Auction Group has purchased ABS Auto Auctions, a Southern California group launched in 1992 by Tom Harmon. The purchase was announced in a news release included in an email announcement from ABS that was sent to Auto Remarketing on Friday. This move continues MAG’s expansion in the Southwest and West, as the group recently […] [Read More]

The Greater Rockford Auto Auction recently broke ground on an office expansion that will include more office space, a new dealer work area, a larger conference room and a video production room. The auction plans an early 2021 completion date for the 3,000-plus-square-foot addition. The office expansion is the most recent in a series of […] [Read More]

As business for ServNet Auctions has continued during the turmoil and made necessary adjustments because of the COVID pandemic, the group says its auctions have also carried on in their support of their communities. That includes holding charity events that have raised thousands of dollars to assist people in need. ServNet says that the pandemic […] [Read More]

As highlighted in this recent profile of him in Auto Remarketing, KAR Global chief economist Tom Kontos knows what a constant beat is. And in this case, it’s wholesale prices continuing to soften while remaining above year-ago and pre-COVID-19 readings. According to KAR Global Analytical Services’ monthly analysis of wholesale used-vehicle prices by model class, […] [Read More]

Ben Winkler is the new general manager for BSC America’s Tallahassee Auto Auction in Tallahassee, Fla.  In the position, Winkler replaces Tim Myreck, who the company said is pursuing new opportunities. Winkler was previously with ADESA Dallas, and he first worked on the operations side for that company. He then went on to serve as […] [Read More]

Finished vehicle transport logistics company United Road promoted Ryan Kraft to chief digital officer. In this position, his responsibilities will include integrating United Road’s technology footprint across the supply chain to provide strong experience for customers, carriers and vendors. Kraft has been with United Road for nearly 12 years in various roles such as financial […] [Read More]