With consumers looking for affordable transportation, demand for compact and midsize cars is generating enough price movement to influence overall wholesale market metrics, according to the latest installment of Guidelines from J.D. Power Valuation Services. Analysts reported data through August that showed used-vehicle prices are 2% higher on average than during the same eight-month period […] [Read More]

You’re a car dealer attending a conference on certified pre-owned in Las Vegas, and then an auto auction sale breaks out. While perhaps not as simple as that description, Fiat Chrysler dealers got to experience something similar at FCA’s inaugural national CPOV dealer meeting earlier this week. ADESA teamed up with FCA for a pilot […] [Read More]

Mark Anderson says strategic acquisitions over the past six years have resulted in an expanded U.S. and Canada footprint for finished vehicle logistics provider United Road. That has allowed United Road to open new markets and expand capacity, said Anderson, who is president and chief executive officer of the company. “Having a strong relationship with […] [Read More]

Greg Mahugh has played an important role in many auction industry programs, and he has been “a quiet force behind the scenes” in serving the National Auto Auction Association’s legislative and political action committees, said NAAA president Chad Bailey. “And although he’s retired from the McConkey Auction Group’s day-to-day operations, Greg continues to serve on […] [Read More]

During the fifth annual HERstory event held on International Women’s Day in March, Manheim president Grace Huang shared a few key messages during the event, which is put on by Cox Enterprises in recognition of Women’s History Month. One of those messages she spoke to, in addition to other insights, is found on a rock […] [Read More]

Kelley Blue Book says the modernized look and feel of its newly redesigned Instant Cash Offer consumer experience and updated Instant Cash Offer Dealer Admin Tool make the trade-in and car-buying process more transparent and efficient for consumers and dealers. The company says its all-new Instant Cash Offer consumer experience strengthens the tool, which it […] [Read More]

ACV Auctions says its rapid U.S. growth continues, with west expansion from Texas to California proceeding ahead of plan. The company has doubled its Texas footprint in one year. To keep pace with that growth, the company says it is placing top talent on its roster, and on Tuesday ACV announced it has hired Doug […] [Read More]

While wholesale prices for cars and trucks edged lower, Black Book’s latest Market Insights report contained details to refute the notion that it’s a soft September in the auction lanes. In fact, Black Book executive vice president of operations Anil Goyal said, “Used-vehicle prices declined slightly last week, although the used market remains relatively strong […] [Read More]

IAA’s expansion of its Indianapolis branch brings the facility to more than 70 acres of capacity, said IAA chief executive officer and president John Kett. IAA said that through its investment, the branch will see greater ability to serve new customer demand in Indianapolis and the surrounding metropolitan area. “We will continue to make strategic investments […] [Read More]

KAR Auction Services chief legal officer and corporate secretary Becca Polak, who is also the president of the company’s TradeRev business unit, has submitted a notice of resignation from KAR, the company said in a statement Monday. KAR general counsel Chuck Coleman will take on responsibilities of corporate secretary while remaining in the general counsel […] [Read More]