Tim Sherk is the new general manager for XLerate Group’s Columbus Fair Auto Auction, and he brings more than 20 years of auto auction management experience with independent and large corporate-owned auctions. Sherk joins CFAA following the retirement of former CFAA president and general manager, Greg Levi, who will spend more time on his compliance […] [Read More]

New information released by Cox Automotive and J.D. Power on Wednesday and Thursday provided further evidence that the wholesale market is continuing to rebound from the depths of coronavirus pandemic declines. Both firms disseminated data collected through the midpoint of the Memorial Day holiday weekend, showing wholesale prices and supply each getting on surer footing. […] [Read More]

Full-service transportation provider Ready Logistics has released two enhancements for clients that it says will make it easier for dealers to move vehicles from point A to point B. One enhancement is a Transportation Status Tracker on Manheim.com that can help dealers keep tabs on their vehicles. Ready Logistics enables dealers to order transport online […] [Read More]

Zach Hallowell, vice president of Manheim Digital, is back on the Auto Remarketing Podcast to discuss the top trends he noticed when the auto auction industry went mostly, if not entirely, digital for two months. To listen to this episode, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and subscribe to […] [Read More]

Black Book has integrated its values into a new product from ReconVelocity that matches buyers to recon inventory “the minute it comes into inventory.” ReconVelocity is an end-to-end recon management platform that recently introduced the new product, called ReconMatch. The company said that with the addition of Black Book Values into ReconMatch, dealers can now determine […] [Read More]

For a moment, remember back to high school, where you may have had a science fair project to complete. It probably took some experimentation to find out a solution and learn what worked, and what didn’t. That’s not too different than the task that has faced auto auctions in recent weeks, says National Auto Auction […] [Read More]

KAR Global got a big shot in the arm to help its operations, technology, digitization and development amid the recovery. The company announced a $550 million strategic investment Tuesday led by Apax Partners-advised funds that KAR’s chief executive says will “help us continue to support our global customers and further accelerate our digital transformation.” KAR plans […] [Read More]

The data series used by KAR Global Analytical Services goes back to 1994 — another time when Major League Baseball wasn’t being played, but for a far different reason than the current coronavirus pandemic. When KAR Global chief economist Tom Kontos and his team finalized their wholesale price information for March and April, they found […] [Read More]

Barrett-Jackson, which produces collector car and automotive lifestyle events, says it set two world collector car auction records during its online-only auction in May. Barrett-Jackson chairman and chief executive officer Craig Jackson said teaming up with NASCAR team owner Richard Childress for the sale of his original No. 3 Dale Earnhardt NASCAR race car was […] [Read More]

Through a new partnership between tech-enabled automotive logistics and services company ACERTUS and auto inventory management platform company AutoIMS, ACERTUS will be able to connect to AutoIMS as a logistics provider. According to the companies, that will connect automotive auction and consignment shippers to capacity of pre-approved, vetted carriers representing 20,000 trucks. ACERTUS co-founder and […] [Read More]