Records continue to tumble in the wholesale market. Black Book reported on Monday that the month-over-month increase of its Used Vehicle Retention Index established another record as the July reading came in at 126.0, representing a 10.9-point lift from the June level of 115.1. “July’s growth in the Retention Index broke the month-over-month increase record […] [Read More]

While this year’s event didn’t feature Weezer, Michael McDonald or John Fogerty, DAA Northwest still successfully orchestrated its summertime promotion — the Rock & Roll Sale — albeit in an all-digital fashion. The event took place on July 22 and July 23 with the traditional series of segments, including a national accounts sale and an […] [Read More]

For this episode of the Auto Remarketing Podcast, we turn to the commercial consignor community. Chatting with Cherokee Media Group president Bill Zadeits this week is Paul Seger, who is executive vice president of asset remarketing at Element Fleet and president of the International Automotive Remarketers Alliance. To listen to this episode, click on the link […] [Read More]

Within days of announcing plans to change leadership at the top of the company, Cox Automotive also is making significant adjustments to other parts of its North American workforce. According to an update from a Cox Automotive spokesperson sent on Auto Remarketing on Thursday, the company eliminated approximately 1,600 positions across the United States and […] [Read More]

ADESA utilized its Simulcast+ digital auction platform last week to host a 22-site online sale on behalf of The Hertz Corp., selling cars digitally to buyers in 19 states during this single digital auction event. The Simulcast+ platform, which ADESA first began using in April, is a new digital auction platform designed to simulate a […] [Read More]

There’s a new general manager at Greater Milwaukee Auto Auction. It was announced earlier this week that hired for the role is Veronica Kireem, whose 25 years in automotive has included time in corporate, dealership and auction roles. That experience also includes leadership posts in new-vehicle sales, licensing and finance. “Her background and leadership abilities […] [Read More]

Cornerstone Credit Union League is one of the nation’s largest regional credit union trade associations, serving approximately 500 credit unions in Arkansas, Oklahoma and Texas. And the association is making sure its members are prepared to handle the possibility of rising repossessions as its service corporation, Credit Union Resources, recently signed a new partner — […] [Read More]

Continuing our recent string of "Joe Shows,"  the Auto Remarketing Podcast welcomes Joe Kichler, who is vice president of Manheim Logistics. Kichler talks with Auto Remarketing senior editor Joe Overby about how the vehicle transport and logistics space has been impacted by COVID-19, how technology is helping in tracking vehicles and much more. To listen […] [Read More]

With so much of the automotive industry dependent upon technology nowadays, KAR Global is looking to make sure its wholesale segments critical for dealer productivity and success function well. Stemming from recent enhancements to ADESA.com both ADESA.ca, the company said on Tuesday that customers now have access to fresh inventory and dealer trade-ins instantly via […] [Read More]

The top leader at Cox Automotive is set to change. On Tuesday afternoon, Cox Enterprises named Steve Rowley as the new president of Cox Automotive, which includes Autotrader, Kelley Blue Book, Dealertrack, vAuto and Manheim through an action that’s effective Monday. Rowley is getting the position from Sandy Schwartz, who is moving to a role […] [Read More]