Digital buying in the wholesale space. Manheim says a great deal of discussion is taking place about that topic. But Manheim Digital vice president Zach Hallowell says sellers need as many options as possible to liquidate inventory, as the wholesale market “continues its steady climb.” “No matter what their disposition strategy is, consignors have convenient […] [Read More]

National Auto Auction Association president Laura Taylor said Mike Browning has played a strong role in many industry programs, and she said he has been “a quiet force behind the scenes in his leadership with NAAA's Executive Committee.” In recognition of his various contributions to the industry and association, NAAA has named Browning a Warren […] [Read More]

John Kett says IAA has a long history of running a digital auction in companion with a live open auction. But Kett, who is chief executive officer and president for IAA, says the company over time conducted research and saw that customers increased their reliance on the company through digital means to bid on and buy cars. […] [Read More]

A startup virtual auto auction platform offering 360-degree condition reports said in a news release on Wednesday that its marketplace and auction platforms are open for business. That platform is called, LaneX.bid, and its founder and chief executive officer says its structure of conducting live events entirely online “provides maximum health and safety protections for […] [Read More]

Nearly halfway through May and spring might be making a comeback in the auction lanes. Multiple Black Book representatives made that assessment in the latest Market Insights report that showed a bit of a value rebound when compared to the sharp declines triggered by the coronavirus pandemic. “Values have continued to trend downward, but the […] [Read More]

Tom Freiert, vice president and co-founder of automated imaging company Black Widow,  joins the Auto Remarketing Podcast and explains how the company’s “drive-through” vehicle imaging services are much like an augmented car wash and how the pandemic has driven demand for such services in the auto-auction business. “This digital revolution has been kind of knocking at […] [Read More]

In what we’re proud to call an annual tradition, Cherokee Media Group’s Women in Remarketing program has evolved into a celebrated franchise of Auto Remarketing and a key pillar of the National Remarketing Conference and Used Car Week. For more than a decade, Women in Remarketing has recognized excellence among the leaders of the remarketing […] [Read More]

EDITOR'S NOTE: Updated to include the re-opening of ADESA Assurance on Monday. Among other measures to “help protect the business and its liquidity” amid the negative impact of COVID-19 on its operations, KAR Global said in its earnings release Thursday it furloughed roughly 11,000 employees last month. This news comes on the same day it […] [Read More]

Cox Automotive will furlough over 12,500 employees internationally later this month, roughly 10,000 of which are in the U.S., the company said in a statement provided to Auto Remarketing. Cox Automotive is starting the furloughs May 17. They will last for up to 16 weeks. The company emphasized that, “those furloughed will remain employees of Cox […] [Read More]

CarOffer founder and chief executive officer Bruce Thompson returns to the Auto Remarketing Podcast to talk about what fuels his optimism about the pre-owned car market, the re-opening of automotive markets in Texas, updates on CarOffer and more. Thompson recently wrote an Op-Ed story for Auto Remarketing about his "8 reasons for pre-owned optimism."  That column […] [Read More]