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]

While so much of what is impacting our daily lives nowadays can change quite quickly, Black Book is seeing the wholesale value and volume world settle into traditional seasonal patterns — at least for now. Before elaborating about specific vehicle-value movements, here’s how analysts summed up the scene in their latest COVID-19 Market Insights distributed on […] [Read More]

You might say the executive set to become the chief financial officer at CarLotz possesses a stylish and flavorful professional background that includes multiple mergers and acquisitions. Tom Stoltz, who has held executive positions at companies such as Food Lion and Citi Trends, has been appointed as CFO of CarLotz in a move that’s effective […] [Read More]

Wholesale vehicle prices remain at an elevated level in the first half of November, according to a mid-month reading of the Manheim Used Vehicle Value Index. Prices could slow in these last few weeks of 2020, according to analysis from J.D. Power's David Paris, but are expected to end the year stronger than where they […] [Read More]

In this episode of the Auto Remarketing Podcast, Becca Polak returns to the show to talk about her new role as chief commercial officer and general counsel at CarLotz, what stood out to her about the company and more. Plus, she talks about her experience serving on the board of the 2022 Indy College Football […] [Read More]