It’s been a busy month of expansions for IAA. IAA’s announcement on Thursday that it is expanding its Pulaski, Va., branch is the latest of a series of expansion news items for the global vehicle marketplace company this month. The company on Tuesday announced it was expanding its Fontana, Calif. branch. An additional announcement came […] [Read More]

JMN Logistics’ nearly $3 million investment into 16 new automotive transport trucks marks the company’s largest single capital investment into its fleet. JMN said it made the investment, announced on Tuesday, to meet increased demand for its core transport business.  Deliveries of the new assets for the automotive transport company have begun, with plans for delivery […] [Read More]

During the company’s quarterly earnings call this month, executives with KAR Auction Services didn’t rule out physical auction expansion in the future. But during a follow-up phone interview, chief financial officer Eric Loughmiller did explain that competing for market share in a given metro area no longer absolutely requires the ADESA business unit physically moving […] [Read More]

Independently owned marketing communications agency The Brandware Group has appointed former Cox Automotive public relations executive Lou Laste as agency chief executive officer. Laste, whose appointment is effective Sept. 9, will lead all agency strategy and operations at The Brandware Group, which is headquartered in Atlanta and provides public relations, social media, digital marketing, and content […] [Read More]

The deadline to participate in Auto Remarketing's “Auction Life” photo spread is near.  For NAAA-member auto auctions who would like to participate, please submit photos in a zipped file with the auction(s) name included to the below Dropbox link no later than 5 p.m. ET on Tuesday (Sept. 3). Dropbox for NAAA Auction Life Photos They will need to be in high-resolution, […] [Read More]

Following the retirement this month of former XLerate Group Auctions’ Greater Kalamazoo Auto Auction owner and general manager, Eric Wagner was named the new general manager of GKAA. Wagner brings more than 30 years of auto auction experience for independent and corporate-owned auctions to his new role as general manager. Wagner is originally from Toledo, […] [Read More]

Just like consumers, dealers are trying to find affordable vehicles. And the newest Black Book Market Insights report showed both groups might be having trouble achieving that goal. In fact, analysts determined that overall car segment values rose this past week, mimicking a scenario spotted at this time a year ago. “History repeats itself with […] [Read More]

Editor's Note: This is the second in a three-part series on the auto auction operations of KAR Auction Services. Part I discusses the focus on revenue per unit at ADESA and Part III discusses potential expansion at KAR. KAR Auction Services made a change on Aug. 1 that could end up being mutually beneficial to both its ADESA physical […] [Read More]

Editor's Note: This is the first in a three-part series on the auto auction operations of KAR Auction Services. Part II discusses the alignment of sales forces at KAR's ADESA and TradeRev business units, and Part III discusses potential expansion.  It’s about generating more revenue per unit. That will likely be one theme for the auto auction […] [Read More]

The team at J.D. Power Valuation Services pinpointed three reasons why used-vehicle wholesale prices through July on average came in 2.1% higher than during the same seven-month period in 2018. In the latest edition of Guidelines, analysts attributed the factors triggering that wholesale-price growth as: — Higher new-vehicle prices and affordability concerns — High levels of […] [Read More]