Kelly Bianchi believes that many dealers would like to participate more in independent auto auctions. “But they get frustrated with the disconnect,” said Bianchi, who is president of AuctionVcommerce LLC. AuctionVcommerce seeks to address that disconnect with a new VIP buyer program that it says can help dealers work with independent auto auctions through a […] [Read More]

Global online vehicle auction company Copart has opened a new location in Buffalo, N.Y., and the company’s chief executive officer Jay Adair said the expansion is another step toward the company’s efforts to create “a denser network of facilities in the state.” The new location is the sixth for Copart in the state of New […] [Read More]

In his new position as chief commercial officer for JMN Logistics and Transportation, logistics industry veteran David Larson will work on sales development strategies for new vehicles, remarketing accounts and dealerships, according to the company. Larson in the new role will help lead sales, marketing and customer service efforts while also focusing on the quality […] [Read More]

Spring officially ends in June, and KAR Auction Services chief economist Tom Kontos explained the wholesale market wrapped up its spring season “appropriately” during the same month. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, Kontos reported that wholesale used-vehicle prices in June averaged $11,478 — down 1.6% […] [Read More]

In the first half of 2019, there were 5.2% more vehicles 5 years old or younger running through the auction lanes than there was a year ago, according to J.D. Power Valuation Services. The company’s latest Guidelines report showed a slight uptick (0.3%) in auction volume for this group of vehicles in the final month […] [Read More]

While J.D. Power Valuation Services saw wholesale prices edge lower in June, analysts are holding on to their projection that used-vehicle prices will tick up on a year-over-year basis by the time 2019 closes. In its latest installment of Guidelines, analysts repeated that they expect prices for vehicles up to 8 years in age to […] [Read More]

After a little more than seven months, Cox Automotive has a new chief sales officer. According to a news release distributed on Tuesday, Cox Automotive promoted Tim McKinley from his position as senior vice president of sales for Manheim to chief sales officer for Cox Automotive, reporting to president Sandy Schwartz. Cox Automotive said McKinley […] [Read More]

While affordability appears to be pushing potential vehicle buyers to the used market, recent lane activity and wholesale price trends chronicled by Black Book are reflecting that some dealers have yet to see that swell of possible purchasers. The newest Black Book Market Insights report values for both cars and trucks softened last week at […] [Read More]

A new Hartford, Conn., location for Copart marks the second Connecticut site for the global online vehicle auction company. The location, formerly named Hartford-Springfield Auto Auction, provides capacity for Copart’s continuing volume growth in the region, and it means more convenience for the company’s buyers in the area, Copart chief executive officer Jay Adair said […] [Read More]

Former NAAA president Dave Angelicchio, who was the longtime chairman and chief executive officer of his family’s auto auction before retirement, died Sunday in Pittsburgh, the National Auto Auction Association announced. Angelicchio, who fought a long bout with cancer, was 67. In the 1990s, he became the general manager of the D-A Auto Auction opened […] [Read More]