Wholesale market experts from Black Book and J.D. Power both spotted strengthening sales volume happening in the auction lanes. J.D. Power called it a return to the “new” normal when wholesale auction sales of vehicles up to 8 years old reached approximately 78,000 units during the week ending Jan. 10. That volume figure came after […] [Read More]

United Auto Credit has shared its 2020 Auction of the Year winner, and earning the annual award is Louisiana’s 1st Choice Auto Auction. The company said its annual award considers all pieces of the remarketing process, including metrics like recovery percentage, conversion percentage, reporting accuracy and auction efficiencies, the latter measured by transport time, condition […] [Read More]

After experiencing growth and taking delivery of 16 transport vehicles last year, which is one of the largest asset purchases in its history, automotive transport company JMN Logistics has launched a new updated corporate website that expands on careers and services. The company is also improving its corporate website to provide faster access to company […] [Read More]

Selling all vehicles digitally is the “ultimate goal” for Manheim, says president Grace Huang, but the company and the industry at-large aren’t quite there yet. There are steps yet to be taken, and Huang discussed these and more in an online press conference with reporters and in a follow-up interview with Auto Remarketing last week. […] [Read More]

Through a new partnership between Ambient Automotive and Auction Edge to integrate EDGE Pipeline auction run lists into Ambient’s dealer software Carbly VIN Scanner, dealers can view complete Pipeline auction listings for more than 165 U.S. auction locations. Carbly dealers can now browse EDGE Pipeline auctions to source their preferred inventory. At the same time […] [Read More]

Digital logistics marketplace Autosled is the newest national membership benefit partner of the National Independent Automobile Dealers Association. And as part of the partnership, Autosled is offering NIADA member dealers a first vehicle transport discount. The discount is available to association members who join as new customers. NIADA director of business development James Gibson said […] [Read More]

America’s Auto Auction has promoted Will Miller to the position of fleet/lease manager for its Toledo, Ohio, facility, noting that Miller is well suited to the new role during the current climate of increased emphasis on internet selling. In his previous post as the auction’s online manager, Miller worked with fleet/lease and dealer accounts. Miller said […] [Read More]

Amid some sequential slowing, wholesale vehicle prices closed 2020 with some strength, according to Auto Remarketing’s examination of various indices from around the industry. Starting with the Manheim Used Vehicle Value Index, that came in at 161.1 for December. While wholesale prices were off 0.59% from November (mix-, mileage- and seasonally adjusted), last month’s index […] [Read More]

Online auto auction company Copart has opened four buyer lounges across Eastern Europe, Africa and Latin America that allow international buyers to bid on and purchase Copart vehicles. AutoBidMaster manages the lounges, which are located in Minsk, Belarus; San Salvador, El Salvador; Odesa, Ukraine and Lekki Lagos, Nigeria. Copart said that with the lounges, local […] [Read More]

Perhaps the wholesale industry just ran out of collective gas during the second half of December after it already had experienced so many unprecedented challenges during a year no one is likely to forget. Black Book said the last two weeks of 2020 “were fairly quiet on the auction lanes,” as analysts not only shared […] [Read More]