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]

Consumer Portfolio Services is quite impressed with performances by independent auctions. In fact, independent auctions swept all categories, as the subprime auto finance company announced its 2020 Auction Award recipients. Three of the four accolades went to Rawls Auto Auction, which earned honors in all three categories for the large CPS volume auctions. Rawls has […] [Read More]

KAR Global said Tuesday it has purchased Auction Frontier, the developer of the Velocicast cloud-based auction simulcast solution. And here’s the kicker: Not only does Velocicast power KAR’s own ADESA Simulcast and Simulcast+ platforms, it also provides the technology behind the simulcast sales of more than 300 wholesale and retail auctions throughout North America and […] [Read More]

Convoluted, complicated and difficult all might be appropriate adjectives to describe what’s happening in the auction lanes nowadays. While Black Book is seeing an ever so slight deceleration in the upward trajectory of wholesale prices, analysts also pinpointed a handful of specific models in which dealers actually are being forced to pay above MSRP for […] [Read More]

Dealers Auto Auction will add a new auction in Columbia, S.C., marking its first location in the Carolinas, and Matt Laughridge will serve as the auction’s general manager. The new Dealers Auto Auction of Columbia will be the eighth auction for the group. Laughridge started in the auction business in 1999 with Manheim, and he […] [Read More]

McConkey Auction Group is migrating ABS Auto Auctions, its digital auction company for the Southwest, into the EBlock platform; a move expected to be completed by early summer. ABS is a digital auction company that has 10 physical locations (where ancillary services like inspections and tasks can be completed) but whose sales are all online. MAG […] [Read More]

Citing research showing that children growing up in homes without books are less likely to complete a basic education, Manheim said two of its locations hosted a book drive for an organization that collects books for Houston’s at-risk children. Manheim Houston and Manheim Texas Hobby recently joined forces on a book drive to benefit Books […] [Read More]

Sale day certainly can be exciting when hundreds of units go over the block. But that enthusiasm can quickly dissipate when vehicles to your store and a shop manager does a rundown of how much reconditioning they need to be front-line ready. That’s the common scenario Black Book summarized in its latest installment of Market […] [Read More]

America’s Auto Auction has named Angela Yarborough as assistant general manager at its Houston auction facility, noting her more than 30 years of industry experience. Yarborough’s auction career began in 1989 when Rawls Auto Auction hired her as a block clerk. She went on to work at Rawls for almost three decades. Auction general manager Ben […] [Read More]