Wholesale
BSC America names new GM for Tallahassee Auto Auction
Friday, Nov. 20, 2020, 06:52 PM
Auto Remarketing Staff
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]
New chief digital officer for United Road
Wednesday, Nov. 18, 2020, 08:08 PM
Auto Remarketing Staff
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]
Lane watch: Black Book notices steady, ongoing auction trends
Tuesday, Nov. 17, 2020, 08:45 PM
Auto Remarketing Staff
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]
CarLotz welcomes CFO with vast M&A background
Tuesday, Nov. 17, 2020, 08:42 PM
Auto Remarketing Staff
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]
Strong start to November wholesale prices
Tuesday, Nov. 17, 2020, 07:55 PM
Joe Overby, Senior Editor
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]
PODCAST: Becca Polak of CarLotz
Tuesday, Nov. 17, 2020, 05:08 PM
Auto Remarketing Staff
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]
12 more auctions to run cars through lanes in Manheim pilot program
Monday, Nov. 16, 2020, 05:00 AM
Joe Overby, Senior Editor
After starting the pilot with two locations last week, Manheim will resume running cars down the lanes at 12 more auctions starting this week. Added to the pilot program are Manheim Ohio, Manheim Dallas, Manheim Fort Myers, Manheim Lakeland, Manheim Pittsburgh, Manheim San Antonio, Manheim Albany, Manheim Cincinnati, Manheim Dallas-Fort Worth, Manheim Omaha, Manheim Texas […] [Read More]
KAR wraps up BacklotCars acquisition
Thursday, Nov. 12, 2020, 09:54 PM
Auto Remarketing Staff
KAR Global said Thursday it has completed its purchase of BacklotCars, a $425 million deal first announced in September. In a news release, KAR said the acquisition “supplements” its existing crop of digital marketplaces like TradeRev, ADESA.com and OPENLANE, while also growing KAR’s presence in key markets and “anchoring continued expansion into new geographies to […] [Read More]
Copart continues to grow in North Carolina
Thursday, Nov. 12, 2020, 04:35 PM
Auto Remarketing Staff
This week, Copart opened its sixth location in North Carolina, rolling out a facility in Lumberton consisting of 89 acres. The development represented the second Copart opening in the Tar Heel State. In March, the company unveiled a location in Concord. “We're happy to offer a new location in North Carolina for our buyers and […] [Read More]
COMMENTARY: 3 keys to success when going digital
Wednesday, Nov. 11, 2020, 09:45 PM
Steve Dudash, KAR Global
The remarketing industry’s digital shift has presented dealers with new opportunities to streamline their business and increase their profits. But some dealers —maybe even you — still have concerns and are reluctant to embrace the shift. However, when you look at the in-lane experience versus the digital experience, they really aren’t that different. In a […] [Read More]
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