The times are changing in the auction and wholesale auto business, and Vince Kovatch says that ADESA continues focusing on offering multiple formats of reconditioning, “whether that car stays on our property and is sold through the lanes, or that car is sold upstream and is now residing on a dealer’s lot.” “The time you […] [Read More]

It may not be a universal concern nor observation, but where there’s smoke there’s fire, my father always said, so I’ll go on record stating logistics issues continue to frustrate remarketers and dealers. Shipment delays erode how fast vehicles can be wholesaled — and those assets resold and taken off the books — an issue […] [Read More]

America’s Auto Auction has purchased KCI Kansas City from the McConkey Auction Group, stretching its auction count to 23. The transaction, which was effective Nov. 1, is its second major purchase this year and continues a long line of expansion for the auction company. In March, America's Auto Auction bought Lynnway Auto Auction. It purchased West Michigan […] [Read More]

One of Black Book’s representatives stationed in the lanes put it this way: “Quite simply, the buyers were not in a buying mood.” As a result, analysts reported the highest weekly decline since January in the latest installment of the Black Book Market Insights. “The used market continues to be soft. Particularly, full-size pickups declined […] [Read More]

Black Book is seeing its Used Vehicle Retention Index return to a seasonal pattern. Analysts released their index reading for October on Monday, indicating that the newest observation came in at 115.6. That figure represented a 0.3% dip from September when it was 115.9. “In the last couple of years, the used-vehicle values held up […] [Read More]

Brett Woods, who is vice president of Assurance at Manheim, sat down with senior editor Joe Overby at the recent NAAA Convention in Indianapolis for an episode of the Auto Remarketing Podcast. They talked about the growth in services like post-sale inspections, condition reports, imaging and more, and the impact of digital remarketing in this field. Hear […] [Read More]

Steve Solomon spent the first decade of his career in the finance group at the former Chrysler Corporation, and a job in used-car pricing gave him his “first taste” of the auto-auction business. Solomon would go on to hold other finance roles within the fleet organization at Chrysler, but when an opportunity came up in […] [Read More]

As part of the Best Auto Auctions to Work For program, which is presented by CARS Recon, Auto Remarketing is provided with a wealth of data from the Best Companies Group, which manages the study and analyzes the data. Among the information provided by BCG is employee response benchmark data across eight categories and multiple employee survey data […] [Read More]

As part of the Best Auto Auctions to Work For program, which is presented by CARS Recon, Auto Remarketing is provided with a wealth of data from the Best Companies Group, which manages the study and analyzes the data. Among the information provided by BCG is employee response benchmark data across eight categories and multiple […] [Read More]

Auto Remarketing’s Best Auctions to Work For, presented by CARS Recon, is a free workplace study for the auto-auction industry that recognizes the best auto auctions to work for on an unranked basis. It is designed and intended for individual physical auction locations and digital auctions, as well. Digital auction honorees are designated as such. […] [Read More]