Roughly three months after ServNet first announced a change in leadership was in motion, the collection of independent auctions revealed who will be leading the group. According to a news release distributed on Friday afternoon, ServNet president Eric Autenrieth announced the appointment of industry veterans John Brasher and Robert Sullivan to head ServNet’s executive team.  […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Rick Griskie, who is the chief information officer at ADESA.  Auto Remarketing: As the chief information officer of an […] [Read More]

Kevin Brown has worked with the Stanley-Autenrieth Auction Group as a consultant since October, handling special projects for both auctions in the group. Since November he has overseen a major facility upgrade at Indiana Auto Auction. On Wednesday, Eric Autenrieth of the Stanley-Autenrieth Auction Group announced that industry veteran Brown has been named Indiana Auto […] [Read More]

Cox Automotive explained why its July wholesale price data makes for a challenging comparison to what analysts reported a year ago. In its latest update, the company said wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 0.01% month-over-month in July. This movement brought the Manheim Used Vehicle Value Index to 140.5, representing […] [Read More]

Vehicle marketplace IAA says the expansion of its McAllen, Texas, branch doubles the branch’s capacity, in part to further manage potential volume that comes from catastrophic weather events in the area. IAA and Copart announced expansions on Tuesday, as Copart said its addition of 35 acres to its existing Memphis, Tenn., 46-acre facility provides the company […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Mark Endras, chief technology officer and co-founder of TradeRev. Auto Remarketing: TradeRev brought artificial intelligence to its platform via […] [Read More]

With this past week marking roughly about a third of summertime unofficially remaining, the juncture also represented a span when values for both cars and trucks softened at greater rates than earlier in the season, according to the newest Black Book Market Insights report. Based on volume-weighted information, analysts discovered overall car segment values decreased […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Grace Huang, president of Manheim. Auto Remarketing: I recently visited Manheim Metro Atlanta, the former auto auction that now […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  First up is George Chamoun, chief executive officer of ACV Auctions. Auto Remarketing: For wholesale buyers who aren’t 100% comfortable buying online, […] [Read More]

At the highest level, Black Book’s Used Vehicle Retention Index remained steady in July compared to June, as analysts pegged the latest reading at 115. However, looking deeper into the data, Black Book uncovered some notable value movements, mentioning four vehicle segments in particular. Analysts noticed values of compact crossovers (up 0.82%) and sporty cars […] [Read More]