While a new weekly wholesale price increase record was not set, these unprecedented times in the lanes prompted Black Book to expand its data tracking. Analysts said in the newest Market Insights that they’re seeing a substantial increase in prices that dealers are willing to pay for higher-mileage units, especially models 2-years-old and newer. Because […] [Read More]

John Brasher, who last week announced he was stepping down from his leadership post with the ServNet auction group at the end of the month, will become EBlock’s next chief operating officer on May 3. Brasher became executive director of ServNet on Jan. 1, 2020. He has spent close to his entire career as part of […] [Read More]

GM Financial named Manheim Pennsylvania as the winner of its Most Valuable Auction of the Year award and also named five regional 2020 Auction of the Year winners. In selecting the recipients, GM Financial reviewed each of the company’s 51 auction partners’ performance in retention, operational metrics, pre-sale activities and overall auction operations. The awards […] [Read More]

Finished vehicle transport logistics provider United Road has launched a new sister company to connect United Road and Team Driveaway/Fr8 carriers with cost-saving resources and support services that are important to their day-to-day business operations. The sister company is the National Vehicle Transporters Alliance, or NVTA, which serves as a business resource for United Road […] [Read More]

ServNet executive director John Brasher is leaving his leadership post at the auction group on April 30 to pursue other opportunities in the industry, the group said Wednesday. ServNet administrative director Robert Sullivan will be interim executive director while the group conducts a search for its new leader. Brasher has been executive director of the group […] [Read More]

In March, IAA expanded its U.S. locations in Missouri as well as in Florida. Now that it’s April, IAA turned its attention to its European operations. IAA recently announced that its U.K.-based business unit has expanded its IAA Hixon branch. According to a news release, this investment increases the branch’s inventory space by more than […] [Read More]

At this pace, dealerships are going to see their used-vehicle retail margins pinched tighter than when a salvage unit goes into the crusher. Not only did values for every vehicle segment included in Black Book’s Market Insights increase by more than 1% in a single week, but four categories also generated gains greater than 2%. […] [Read More]

Last week, Mike Albert enhanced its vehicle subscription service — Subscribe with Mike Albert — an initiative first rolled out in August. Along with its other three subscription options, Mike Albert customers now can take advantage of an electric vehicle membership plan According to a news release, the EV membership plan will feature the Tesla […] [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 Pamela Patton, who is area vice president at ACV Auctions. Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, also, what […] [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 Nanci Smith, who heads up remarketing supplier management and is an administration manager at Toyota Financial Services. Auto Remarketing: What do you enjoy most about working in […] [Read More]