ADESA’s newly relocated facility serving Mexico City sits on 13 acres of land strategically near major thoroughfares in neighboring Toluca. It features enhancements such as additional on-site security and reconditioning resources. The new location will help meet needs related to ADESA’s continued growth, as well as for future vehicle volume increases and the needs of […] [Read More]

Evidently the closer the wholesale market moved toward May, the more pricing intensity germinating from this year’s spring market started to diminish. This week’s Market Insights report from Black Book offered data that suggested the spring market is beginning to lose some of its steam, especially with units not immediately heading for dealer inventory. “Spring […] [Read More]

Direct Auction Services has named Marco Soria as national operations manager for its Direct Reconditioning division. Soria will work to standardize company processes for all aspects of vehicle reconditioning. Soria most recently served for more than 10 years as operations manager at ADESA Sarasota. Before his time at ADESA Sarasota, he was operations manager at […] [Read More]

Much like the 30 clubs of Major League Baseball, General Motors Financial is spending April through October crisscrossing the country. But instead of fielding grounders and belting out doubles, GM Financial will be providing dealers access to “thousands of the best pre-owned GM vehicles” through its sixth annual Elite Sales series. This year’s baseball-themed series […] [Read More]

The National Auto Auction Association has launched a new website that it says will help job seekers connect with member auto auctions that have jobs to fill. The association said in a news release that AutoAuctionJobs.com is a free resource that provides information about careers in the industry and links to auction job listings. It […] [Read More]

Continuing its busy schedule of recent acquisitions and expansions of its existing auctions, Copart on Monday announced the opening of a new location in Fredericksburg, Va. The facility, located at 4717 Massaponax Church Road in Fredericksburg, will serve Copart customers from Washington D.C. and from Richmond and Charlottesville, Va. Copart Fredericksburg general manager Consuela Harrison […] [Read More]

Wholesale used-vehicle auction environments are often described as “organized chaos.” Hundreds of cars are moving through physical lanes in less than a minute with multiple lanes operating simultaneously. Auctioneers are engaging the energetic crowds while buyers are listening for prices, inspecting the vehicles and checking their phones or printouts for details. With all this activity […] [Read More]

Floor plan financing tends to be a necessary cost of doing business for dealers in acquiring the inventory they need. But which vehicles dominate floor plan financing? New data from NextGear Capital, a Cox Automotive company, shows various trends, but one in particular stands out: Trucks and sedans remain extremely popular. “Our dealer clients clearly […] [Read More]

Liza Myers Borches, chief executive officer and president of Carter Myers Automotive in central Virginia, believes the way dealers wholesale used vehicles is “due for a change.” That’s why her 13-store dealership group turned to ACV Auctions — an app-based, digital dealer-to-dealer marketplace that allows a dealer to offer individual vehicles for sale in real-time, […] [Read More]

EY describes its Entrepreneur of the Year award as “the world’s most prestigious business awards program for entrepreneurs.” EY started the award 33 years ago, and says it is now recognized globally. It honors “the most outstanding entrepreneurs who inspire others with their vision, leadership and achievement.” For 2019, EY announced that CarLotz co-founders Michael […] [Read More]