Perhaps the most well-known auto auction group in the Pacific Northwest is going to the Southwest with its latest expansion. The McConkey Auction Group, headquartered in Spokane, Wash., announced Tuesday that it has added Dealers Auto Auction of Las Vegas to its group. DAA Las Vegas joins existing MAG auctions DAA Northwest and DAA Seattle. […] [Read More]

Perhaps nowadays more than ever, open sales might be the best path for consignors to fetch the highest amounts for their vehicles going through the wholesale market. Black Book described the ongoing scene in its latest COVID-19 Market Insights released on Tuesday that included a mention of how both car and truck values moved higher […] [Read More]

In this episode, Cherokee Media Group president Bill Zadeits chats with the leadership of the National Auto Auction Association. More specifically, 2020 NAAA president Laura Taylor and 2021 NAAA president Julie Picard. To listen to this episode, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and subscribe to the Auto Remarketing Podcast on iTunes or […] [Read More]

182,000 off-rental vehicles from one company hitting the wholesale ecosystem sounds like it could be a potentially damaging saturation of the market. If it was happening all at once. And if wholesale prices for off-rental were already at a tenuous position. Neither factor appears to be the case with Hertz and its plans to wholesale that […] [Read More]

Two wholesale industry leaders shared reasons why others should join them during the 2020 IARA Virtual Summer Roundtable hosted by the International Automotive Remarketing Alliance. ServNet executive director John Brasher opened first by stating why auctions, consignors and other wholesale-market participants should be online for the event set for Aug. 20. “With several industry events […] [Read More]

As part of Auto Remarketing's annual NAAA Issue spotlighting the auto auction industry, we are once again including an "Auction Life" photo spread of pictures from the past year.  For NAAA-member auto auctions who would like to submit their pictures for inclusion, please upload them to the Dropbox link below by Aug. 28.  Dropbox for NAAA Auction Life […] [Read More]

KAR Global chief economist Tom Kontos returned to the Auto Remarketing Podcast to discuss how much off-rental units might impact wholesale volume and pricing as turbulent 2020 continues. Kontos also touched on other factors that he and his team are watching that could influence both the wholesale and retail markets going forward. To listen to this […] [Read More]

Steve Jordan, the longtime chief executive of the National Independent Automobile Dealers Association, is joining KAR Global next month as its executive vice president of dealer sales. KAR made the announcement Monday morning. Jordan has been with NIADA for 11 years and its CEO for the past seven. NIADA announced Friday that Jordan had resigned […] [Read More]

J.D. Power’s analytical horsepower is about to get much stronger. Late Thursday afternoon, TrueCar announced that it has entered into an agreement with J.D. Power to sell its ALG subsidiary for $135 million. According to TrueCar’s news release, the total consideration includes an upfront cash payment of $112.5 million at closing and total deferred payments […] [Read More]

While the acceleration of wholesale prices moving higher dipped a bit, Black Book indicated dealerships with the most robust financial resources continue to have the best opportunity to secure used-vehicle inventory during the coronavirus pandemic. Black Book specifically mentioned large operations such as CarMax and Carvana showing their “dominance in the lanes” as analysts released […] [Read More]