The potential tug of war between the new-car and used-car departments might be surfacing not only in the showroom, but also the auction lane, too. Black Book described the current situation in its newest installment of Market Insights distributed on Tuesday. “There is a noted trend of an increasing presence of 2024 model-year vehicles in […] [Read More]

The countdown is over. The eSTART Coalition’s “countdown to 100” hit zero last week, when America’s Car-Mart became its 100th member. This week the organization announced two more additions — online auction EBlock and the Texas Independent Automobile Dealers Association. The eSTART Coalition’s mission is to modernize title and registration processes across the country by […] [Read More]

Carvana now has a second auction and reconditioning “Megasite” location. The online used-car retailer said Monday it is launching inspection and reconditioning center capabilities at its existing ADESA Houston facility, which will continue to run as an auto auction, as well. This follows Carvana’s first Megasite launch last month at ADESA Kansas City. “In bringing […] [Read More]

OPENLANE subsidiary autoniq has partnered with Auction Edge to integrate the Auction Edge Pipeline Market Report into its platform. The collaboration makes the Pipeline Market Report, which provides data-driven pricing guidance based on timely sale data from more than 175 EDGE Pipeline auctions, available for direct subscription and access by autoniq subscribers. “Dealers want quick […] [Read More]

Commercial consignor sales volumes at auctions are still beating prior-year numbers by double-digit percentages, but the growth rate in August was about half of what it was from January through July. That’s according to analysis around the latest AuctionNet data provided to Auto Remarketing by the National Auto Auction Association, which indicates that overall auction […] [Read More]

ACV may have started as a dealer-to-dealer digital wholesale platform, but the company continues to build its physical infrastructure as part of a strategy to broaden its offering to commercial consignors. And that includes the acquisition of traditional brick-and-mortar auto auctions like Alliance Auto Auctions and DAA Oklahoma City — which are just two of the entities ACV has purchased — in addition to renting land and opening greenfield sites. The company is 25% of the way towards its goal of at least ... [Read More]

Black Book noticed wholesale prices edged up only 0.01% during the week that finished on the last day of August. That reading came after a week when values stayed steady. But the newest installment of Market Insights released on Wednesday did contain six notable trends — five from an auction perspective and the other from […] [Read More]

Two automotive shipping companies have hit the top 20. That’s the 2024 MOTOR Top 20 Awards, presented by automotive data supplier MOTOR Information Systems. Montway Auto Transport’s Montway Automation Portal and Ship.Cars’ SmartHaul TMS were selected in online voting by industry professionals as two of the 20 most innovative new developments in the auto industry […] [Read More]

Craig Amelung believes that the National Auto Auction Association has a proud past, is living and operating to the fullest in its present and all while keeping a keen eye on its future. That’s why among the NAAA incoming president’s goals over the next year is to identify and nurture a next generation of auction leaders who want to get involved with the association and to draw on the knowledge and experience of those auction veterans who make it successful every day. Amelung is scheduled to take over the reins of the association at its NAAA World Remarketing Convention, in Orlando, Fla., Sept. 30 – Oct.3. Also at the convention, current NAAA president Eric Autenrieth, CEO of Carolina Auto Auction in Williamston, S.C., will become the association’s chairman. “For many years the association has relied on ... [Read More]

Next up on our “Consignor Conversations” series of the Auto Remarketing Podcast is an interview with John Urness, head of vehicle remarketing and customer loyalty at Chase Auto. Urness sat down with Cherokee Media Group senior editor Joe Overby at the Automotive Remarketers Alliance Summer Roundtable in Frisco, Texas, to talk about the value in […] [Read More]