ReconVelocity has made its second purchase since its 2019 launch, announcing Thursday it has acquired Recon Ninjas, a competitor in the vehicle reconditioning space. The combination of the two companies will result in what ReconVelocity calls, “the largest provider of integrated vehicle management and reconditioning software solutions exclusively focused on the automotive industry.” This move […] [Read More]

We continue with our podcasts from Used Car Week, and this time, it's a one-on-one interview. Senior editor Joe Overby talks with John Robertson, executive vice president of ShipYourCarNow, about the origins of his company and its pivot to B2B, the driver shortage in auto transport and more. To listen to this episode, click on the […] [Read More]

After lane activity seemed to be accelerating quickly toward spring-market conditions, Black Book noticed auction atmospheres throttled back down a bit, according to the latest installment of its Market Insights report. The value trends analysts discovered — coupled with anecdotes from representatives in the field — prompted Black Book executive vice president of operations Anil Goyal […] [Read More]

Perhaps you, too, finished 2019 a bit tired; the culmination of a year filled with automotive activities that left you feeling fatigued. Well, KAR Global chief economist Tom Kontos explained how the wholesale market might have sustained “fatigue” by the time this past year ended, as well. According to KAR Global Analytical Services’ monthly analysis […] [Read More]

Missouri Auto Auction has added a second generation of ownership with the announcement that Cody Boswell and Candice Boswell-Bray are now a part of the ownership team. Boswell and Boswell-Bray are the son and daughter of Gregg and Dagmar Boswell. Gregg Boswell founded Missouri Auto Auction in 2000. Gregg Boswell founded the auction while maintaining ownership […] [Read More]

With the IRS beginning to accept tax returns this week, no doubt dealers are eager to have potential vehicle buyers arrive at their stores with refunds in hand to make down payments. And stemming from what Black Book is seeing in the lanes, dealers also are looking to acquire the inventory that will satisfy those […] [Read More]

In this episode of the Auto Remarketing Podcast, we continue with our special episodes recapping general sessions from Used Car Week. Next up is the "Innovation & Independent: A Fireside Chat" session, featuring: — ServNet executive director John Brasher — McConkey Auction Group president and CEO Bob McConkey. To listen to this episode, click on […] [Read More]

The Dealers Auto Auction Group is building a new facility for its Memphis, Tenn., auction location, with a groundbreaking ceremony scheduled March 31 and a targeted autumn completion date. DAA Memphis is currently located near the city’s airport, and a new, expanded location elsewhere is needed to accommodate the auction’s growing business, management said.  The […] [Read More]

As a human resources executive, Carmel Galvin has led diversity and inclusion, employee engagement and culture management programs at companies with various languages and cultures throughout the world. Her human resources career has involved executive leadership and C-suite roles at Autodesk, Glassdoor, Advent Software and Deloitte. On Friday, KAR Global announced it has named Galvin […] [Read More]

In this episode of the Auto Remarketing Podcast, we continue with our special episodes recapping general sessions from Used Car Week. Next up is the panel discussion on "Exceeding the Needs of a Global Buyer Base." Moderated by Jeff Blackwell of Select Management Resources, it features three leaders from IAA: Justin Mahlik, senior VP of […] [Read More]