After lane activity seemed to be accelerating quickly toward spring-market conditions, Black Book noticed auction atmospheres throttled back down a bit, according to the latest installment of its Market Insights report. The value trends analysts discovered — coupled with anecdotes from representatives in the field — prompted Black Book executive vice president of operations Anil Goyal […] [Read More]

Perhaps you, too, finished 2019 a bit tired; the culmination of a year filled with automotive activities that left you feeling fatigued. Well, KAR Global chief economist Tom Kontos explained how the wholesale market might have sustained “fatigue” by the time this past year ended, as well. According to KAR Global Analytical Services’ monthly analysis […] [Read More]

Missouri Auto Auction has added a second generation of ownership with the announcement that Cody Boswell and Candice Boswell-Bray are now a part of the ownership team. Boswell and Boswell-Bray are the son and daughter of Gregg and Dagmar Boswell. Gregg Boswell founded Missouri Auto Auction in 2000. Gregg Boswell founded the auction while maintaining ownership […] [Read More]

With the IRS beginning to accept tax returns this week, no doubt dealers are eager to have potential vehicle buyers arrive at their stores with refunds in hand to make down payments. And stemming from what Black Book is seeing in the lanes, dealers also are looking to acquire the inventory that will satisfy those […] [Read More]

In this episode of the Auto Remarketing Podcast, we continue with our special episodes recapping general sessions from Used Car Week. Next up is the "Innovation & Independent: A Fireside Chat" session, featuring: — ServNet executive director John Brasher — McConkey Auction Group president and CEO Bob McConkey. To listen to this episode, click on […] [Read More]

The Dealers Auto Auction Group is building a new facility for its Memphis, Tenn., auction location, with a groundbreaking ceremony scheduled March 31 and a targeted autumn completion date. DAA Memphis is currently located near the city’s airport, and a new, expanded location elsewhere is needed to accommodate the auction’s growing business, management said.  The […] [Read More]

As a human resources executive, Carmel Galvin has led diversity and inclusion, employee engagement and culture management programs at companies with various languages and cultures throughout the world. Her human resources career has involved executive leadership and C-suite roles at Autodesk, Glassdoor, Advent Software and Deloitte. On Friday, KAR Global announced it has named Galvin […] [Read More]

In this episode of the Auto Remarketing Podcast, we continue with our special episodes recapping general sessions from Used Car Week. Next up is the panel discussion on "Exceeding the Needs of a Global Buyer Base." Moderated by Jeff Blackwell of Select Management Resources, it features three leaders from IAA: Justin Mahlik, senior VP of […] [Read More]

KAR Global vice president of intellectual property and technology counsel Michelle Bray will expand her responsibilities to include the role of chief privacy officer. She becomes the first in company history to serve in that role. “Protecting the privacy of our data and information is one of our highest priorities, and an expectation of our customers, […] [Read More]

IAA’s relocation of its Baton Rouge, La. branch adds capacity to the Gulf of Mexico region. In that area, catastrophic weather events occur regularly, said IAA chief executive officer and president John Kett. IAA said the move supports its growth in what it described as an expanding market. The new location, at 5978 Hwy 75, […] [Read More]