Just a little more than a month since spinning off as its own entity, IAA, Inc. announced the purchase of an electronic lien and title technology firm on Wednesday afternoon. IAA said it has acquired Lexington, S.C.-based DDI Technology for approximately $17 million (a purchase price that could climb by $4.1 million during the next […] [Read More]

Along with three notable anecdotes from the lanes and prices steadying a bit compared to earlier this month, this week’s Black Book Market Insights report contained a development that editors haven’t seen in 14 years. While the overall used-vehicle market has remained stable during the past three years, Black Book noticed wholesale values in the […] [Read More]

ADESA’s announcement that it has named general managers at three of its locations is an indication of “our deep bench strength and our appeal to outside candidates,” said ADESA chief operating officer Srisu Subrahmanyam. The new general managers are Brian Wong at ADESA Flint, Mark Melton at ADESA Las Vegas and Eric Carpenter at ADESA […] [Read More]

Samantha Flores was working as a night security officer, but she saw no future in that role. Then, she saw an online ad for a Manheim program that seeks to help its operating locations nationwide identify, recruit and hire entry-level auto technicians for their reconditioning centers. “When I saw an ad for the Manheim Apprentice […] [Read More]

Manheim is rolling out two upgrades to its Manheim Express to commemorate the one-year anniversary of the digital wholesale app.  It announced Thursday that Manheim Express will now include a condition report grade feature on all cars listed by concierges, while also giving users the ability to request a concierge through the app.  “Since Manheim […] [Read More]

Stephen Fisher started at e-commerce corporation eBay in 2014 as senior vice president, chief technology officer, eBay Marketplaces. He retired this past May as the company’s senior vice president, chief technology officer. Now, he will serve on the board of directors at Copart, an online vehicle auction company. Copart also named current CyrusOne executive vice […] [Read More]

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]