Saying that it is looking to improve the experience of car buyers who communicate in non-English languages, Copart has added auction sounds to its web site in five languages. The auction sounds were previously available only in English, and Copart said its live auction sounds are now available in six languages at www.copart.com, www.Copart.ca, and www.CrashedToys.com. […] [Read More]

Fueled in part by several vehicle segments showing value rebounds, Black Book reported on Wednesday that its Used Vehicle Retention Index for January ticked up month-over-month, prompting experts to declare spring’s arrival in the lanes (albeit not in the chilly, post-Groundhog Day outdoors). With values for two particular vehicle segments rising more than $80 during […] [Read More]

Manheim has appointed two new general managers and promoted three leaders into auction management positions, with one of the promotions a new vice president and general manager for its third-largest auction location. “Manheim is tapping the broad knowledge and experience of this talented team of leaders to help position our company for future success,” said Patrick […] [Read More]

Manheim has named Brad Burns as associate vice president of vehicle information, saying that the move takes place as digital wholesale continues as a primary source for buying and selling vehicles. The move comes amid 81% of Manheim’s 2020 sales going to digital buyers. Burns has been with Manheim for 17 years, and he has […] [Read More]

McConkey Auction Group has named several leaders who will serve in new management positions, and the company also announced some promotions. Aaron McConkey is one of those leaders, and the auction group has appointed McConkey to serve as vice president of strategic technology. McConkey Auction Group, or MAG, said that McConkey has served as Auction […] [Read More]

Auction sales volumes at the midpoint of January were the strongest weekly output since before Thanksgiving, but they remain significantly softer than year-ago levels, says J.D. Power Valuation Services, bumping up prices in the lanes. In the firm’s Used Market Update released Friday, J.D. Power said there were about 87,000 auction sales of vehicles up […] [Read More]

Through a new program, Manheim is expanding and enhancing protection of digital purchases. The program is called Digital Buyer Protection, and Manheim says it will help dealers buy more confidently online. The program applies across all of Manheim’s digital platforms and expands coverage for vehicles with condition reports for damaged items not previously covered. Examples […] [Read More]

ADESA has launched a new inspection technology solution and software platform designed to provide “high quality, industry-leading inspections — making significant leaps in transparency, relevance and accuracy.” The upgrades come as the wholesale auto industry, and ADESA parent KAR Global, is shifting further digitally, thus underscoring the need for reliable condition reports in an online […] [Read More]

CarLotz is now officially a publicly traded company. It began trading on NASDAQ on Friday, following the completion of its merger Thursday with Acamar Partners Acquisition Corp., a special purpose acquisition corporation. Auto Remarketing's Joe Overby caught up with CarLotz CEO Michael Bor on Friday to talk about this landmark day in the company's history. […] [Read More]

CarLotz is now officially a publicly traded company. Its shares began trading Friday on the Nasdaq Global Market, following the completion of its merger Thursday with Acamar Partners Acquisition Corp., a special purpose acquisition corporation. The merger was first announced in October. The combined company’s ticker symbol is “LOTZ.” “Today marks another major milestone for […] [Read More]