Less than a week after enhancing its presence in five markets, IAA on Wednesday announced branch capacity expansions across four more key markets in Florida, New York, Alabama and Montana. IAA highlighted these expansions increase inventory storage capacity in total acres by more than 50% across the four branches in the markets of Miami (Florida), […] [Read More]

McConkey Auction Group (MAG) now has a single online home. On Tuesday, the company announced the launch of MAGauctions.com — a website that includes all segments of its wholesale auction businesses. Prior to its development and Friday’s deployment, the company had separate websites for DAA Northwest, DAA Seattle and its motorsports division. MAG highlighted that […] [Read More]

The volume of off-rental vehicles making its way into the wholesale market in 2020 is expected to be 250,000 higher than forecasted pre-pandemic, according to Black Book, which said in last week’s COVID-19 Market Updates report that rental companies are likely to shed units from their fleets in the back half of the year to align with […] [Read More]

Mark Gibson and Brian Bruce, founders of 1 Click Auto Auction, join the Auto Remarketing Podcast to discuss what prompted them to launch the company, which allows car dealers to buy and sell vehicles through an app. 1 Click Auto Auction made its debut earlier this month in Central Texas and has plans to expand […] [Read More]

IAA on Thursday announced branch relocations and expansions in five markets, stating that the five locations now provide more inventory storage in addition to updated branch facilities. The relocated and expanded branches include: — IAA Fontana, 9951 Banana Ave., Fontana, Calif. — IAA El Paso, 14751 Marina Ave., El Paso, Texas — IAA Roanoke, 1576 […] [Read More]

The National Auto Auction Association has cancelled its 2020 annual convention, NAAA president Laura Taylor said in a letter to association members Thursday. The NAAA Executive Committee voted Wednesday to cancel the convention, which had been scheduled for October 6-8 in Dallas. In the letter, Taylor called the decision “hard to make, but the right […] [Read More]

In this episode of the Auto Remarketing Podcast, Cherokee Media Group president Bill Zadeits chats with John Mathiowetz of IAA. They talk about how IAA has weathered the pandemic, the acceleration of the transition to IAA's 100% digital platform, IAA's marshaling services during the pandemic, views of the wholesale market and more. To listen to […] [Read More]

Another independent auto auction has lined up EBlock to provide an avenue into dealer-to-dealer online wholesale segment. Akron Auto Auction announced the partnership with EBlock on Tuesday and said the first auction sales event between the two companies will be on June 18. EBlock and Akron Auto Auction will then hold online dealer-to-dealer sales each […] [Read More]

Because of the COVID-19 pandemic and corporate travel restrictions, the International Automotive Remarketing Alliance has “revised its strategy” for its 2020 IARA Summer Roundtable Conference and will produce the “2020 IARA Virtual Summer Roundtable.” “IARA’s first consideration is the health and safety of its members and guests,” IARA president Paul Seger said in a news […] [Read More]

Both Black Book and Cox Automotive released their monthly wholesale indices for May in recent days, each remarking how some stabilization arrived in the space when compared to the COVID-19 induced turbulence seen in April. Cox Automotive reported wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.96% month-over-month in May; a […] [Read More]