For decades, M&A and buy-sell has been a part of the auto auction industry — and, really, most any industry with a constituency mix of corporately and independently owned businesses experiences consolidation. But the moves in the last three years have arguably led to the greatest change in the auto auction landscape in decades. In […] [Read More]

Longtime OPENLANE leader Jason Ferreri has joined America’s Group as chief revenue officer, the company announced. In a news release, America’s Group, which includes America’s Auto Auction and AXLE Funding, touted the addition of Ferreri as an illustration of its “dedication to driving innovation and growth” in the auto remarketing industry. “Jason’s deep knowledge of […] [Read More]

Dealers Auto Auction Group has promoted Brittany Theis to director of sales for DAA Digital. Theis, who joined DAA as a regional digital sales manager in 2022, brings 16 years of experience to the role. In her tenure with DAA, the company said, she has “transformed digital marketplace strategies through strategic implementations and exceptional sales […] [Read More]

Black Book’s observations of the auction lanes from the opening week of December included an overall wholesale price drop of 0.63%, which was an increase from the previous week but “remained consistent with typical seasonal expectations.” When looking closer at specific vehicle segments or aged units, analysts uncovered a quartet of other notable trends as […] [Read More]

The National Auto Auction Association’s newly established scholarship has its first winner. Abigail Balk was named the inaugural recipient of the Ron Hope Memorial Scholarship for Auction Academy, the association announced. Balk, the marketing/communications manager for Greater Rockford Auto Auction and Great Lakes Auto Auction, will join the Auction Academy’s Class 9, which begins in […] [Read More]

It has been a banner rebound year for auto auctions: the market is having its strongest year for wholesale sales volume since before the COVID-19 pandemic. That’s according to the latest AuctionNet data from the National Auto Auction Association, which indicates there were 6.25 million wholesale auction sales in the first 11 months of 2024. […] [Read More]

The wholesale vehicle market appears fairly healthy entering the final stretch of the year, with prices relatively steady and “robust activity in the auction lanes,” according to reports from market observers. On Wednesday, Black Book said its Used Vehicle Retention Index came in at 147.8 for November, which beat October by 0.5% and trailed the […] [Read More]

Two days after announcing the acquisition of Strategic Remarketing Solutions, Location Services made another big move. The company said Thursday it has hired former GE and Element Fleet Corp. remarketing executive Paul Seger as its chief remarketing officer. Seger is on the board of directors of the Automotive Remarketing Alliance. He was the group’s president […] [Read More]

Super Dispatch has integrated its automotive transportation management platform with Descartes MyCarrierPortal, a cloud-based system for carrier identity and fraud protection. The companies said the integration is designed to elevate carrier vetting, onboarding and monitoring processes with heightened identity, compliance, safety, insurance and fraud prevention measures enhancing Super Dispatch’s Verified Carrier and Shipper Programs through […] [Read More]

The SHiFT Vehicle Retirement Initiative, a global social enterprise committed to helping consumers and companies recycle end-of-life vehicles with environmentally responsible protocols, has hired former Amazon executive Chapin Griffith as its first director of vehicle retirement services. Griffith, who began his new position in October, spent the past three years as Amazon’s senior product manager […] [Read More]