Richmond Auto Auction founder and chief executive officer Mark Motley says now is “a great time in the history of the company.” “The service our staff offers every day is incredible,” Motley said in a news release. “Successful events such as this one is a direct result of their hard work and dedication.” Motley was […] [Read More]

ADESA has named new general managers at two of its auction locations, with ADESA chief operating officer Srisu Subrahmanyam describing them in a news release as having proven themselves in past roles for KAR Global and “rising to new challenges and posting solid results.”  The new general managers are Angela Williams for ADESA Houston and […] [Read More]

IAA is increasing the capacity of its Davenport, Iowa, branch, a move that IAA chief executive officer and president John Kett said was done to provide additional space “to meet market demand in this region.” The company said that with the investment, the branch’s inventory space increases by more than 20%. “The Midwest is our […] [Read More]

A reimagined inspection process, an all-new inspection platform, condition reports that automatically follow vehicles across locations and an “Approvals from Anywhere” tool are among Manheim’s latest additions to its inspection and condition reporting technologies. Manheim developed the most recent advancements in partnership with vehicle inspection company Alliance Inspection Management and says the additions provide buyers […] [Read More]

Just like the temperatures outside, Black Book is expecting used-vehicle values to cool for the remainder of the year. On Tuesday, Black Book released its Used Vehicle Retention Index for September, which came in at 115.9. The reading marked a 0.6% decrease from August, when it was 116.6. “The used market held up pretty well […] [Read More]

At its 71st annual convention last week in Indianapolis, the National Auto Auction Association bestowed a bevy of award honorees, including its auction of the year and two NAAA Hall of Fame inductions. Starting with the association’s Auto Auction of the Year for Excellence in Community Service, that honor went to DAA Northwest. In a […] [Read More]

The softening of wholesale prices has accelerated, according to the latest Black Book Market Insights report. Analysts spotted decreases a week ago significantly higher than the average seen during the previous four weeks for both cars and trucks. “Used-vehicle market strength is waning as depreciation rates increased week over week,” Black executive vice president of […] [Read More]

Manheim said on Tuesday that it’s continuing to follow its strategy to promote talent from within the company. As a result, Manheim announced two new general manager selections at locations in the West. Assuming new leadership roles are Eddie Lafferty at Manheim Seattle and Danny Brawn at Manheim Nevada. Lafferty has been named general manager […] [Read More]

Based on input from users, ACV Auctions launched three new features to its nationwide online wholesale marketplace in an effort to increase efficiency for dealers buying and selling on the platform. Coming on the heels of reinforcing its workforce with several industry veterans, the new updates to ACV Auctions’ platform revealed on Monday include: — Run […] [Read More]

A big focus for KAR Global, parent company of the ADESA auto auction chain, will continue to be providing ancillary services in the wholesale marketplace and driving additional revenues per unit. “I think what you’ll see for us is growing dealer consignment, relatively flat commercial volumes, but increased revenue per transaction in the physical auction, […] [Read More]