Amid “challenging market conditions” during its third quarter, ACV Auctions increased its revenue, gained market share and expanded its dealer network, said the company’s CEO George Chamoun. ACV’s revenue in the third quarter grew 16% to $199.5 million when compared to the year-ago quarter, but the company’s net loss of $24.4 million in the quarter […] [Read More]

One of the highest points in OPENLANE's overall rosy third-quarter performance was a 14% year-over-year increase in marketplace dealer sales volume. This represents the fourth consecutive quarter of double-digit-percentage volume increases in dealer-to-dealer sales for the company. This offset an expected Q3 downturn in commercial volumes. OPENLANE said during its recent earnings call that the […] [Read More]

Cox Automotive’s logistics brand, Central Dispatch, has launched its carrier scorecard, a new feature designed to help shippers make smarter, safer shipping decisions by providing critical carrier data at the point of dispatch. While noting it independently verifies each carrier that joins the platform, Central Dispatch said the new scorecard gives shippers another tools to […] [Read More]

Fraud is on the rise. In fact, the beginning of 2025 saw a sharp spike in stolen vehicle incidents across all major load boards. This surge exposed critical vulnerabilities in the industry’s ability to detect and prevent fraudulent carrier behavior before it led to financial and reputational damage. In the worst-case scenario, a fraudulent carrier […] [Read More]

While announcing that Cars.com’s Accu-Trade used-car appraisal tool surpassed 1 million quarterly appraisals, CEO Alex Vetter said Accu-Trade and the Cars.com digital wholesale auction platform, DealerClub, are increasing in number of users. That is happening as dealers move to “tech-first products that advance the industry’s long-term goal of improving profitability,” Vetter said in the company’s […] [Read More]

Black Book didn’t need an entire word to describe the most significant element impacting the wholesale market last week. Analysts did it with a single letter: K. The newest Market Insights highlighted that wholesale prices dropped 1.21% last week, prompting Black Book to say accelerated depreciation is “signaling a market under mounting pressure as the […] [Read More]

Wholesale vehicle sales lost a touch of momentum in October as the growth rate slowed. But sales are still entering the final turn of 2025 on a high note. According to AuctionNet data from the National Auto Auction Association, there have been 6 million vehicles sold at auction through 10 months, which beats year-ago figures […] [Read More]

Next up on our podcast series with 2025 Used Car Week Hall of Fame inductees is a conversation with Jerry Kroshus, who is CEO of Location Services. Cherokee Media Group president Bill Zadeits talks with Kroshus about his career journey in the auto finance, collections/recoveries and remarketing industries. Plus, they chat about Kroshus’ time playing […] [Read More]

Central Arkansas Auto Auction has been operating for 38 years. Now it has a new home. The auction in Beebe, Ark. celebrated its new 27-acre facility with a grand opening sale, showing off its eight auction lanes, modern office space and a spacious lobby designed to provide comfort and efficiency. The new CAAA facility also […] [Read More]

The automotive industry continues to evolve at a remarkable pace. Every operator, from independent dealerships to large retail groups, is challenged to run leaner, think strategically, and protect enterprise value. The same holds true in the wholesale auction sector, where efficiency, transparency, data discipline, and optimizing use of technology now determine who leads and who […] [Read More]