A longtime executive for UPS is ready to deliver in the automotive sector. Jami Kilpatrick, whose 25-year tenure with the delivery giant included the past two as vice president of corporate strategy and U.S. sales chief of staff, has joined automotive logistics-as-a-service platform ACERTUS as chief revenue officer. In a news release, the company said […] [Read More]

Cox Automotive’s Manheim Used Vehicle Value Index reached its highest level in nearly three years, as used-car demand remains strong and wholesale prices bounced back further than expected, Cox said Tuesday. The MUVVI for March came in at 215.3, which is a 6.2% year-over-year increase and a 1.4% hike from February, when adjusting for mix, […] [Read More]

We’ve got some new and exciting ideas being implemented at the Used Car Industry Summit this month. Day 3 of the event, which runs April 13-15 in Miami, will include a morning of deep-dive roundtable discussions. These roundtables will allow attendees to have more nuanced, meaningful conversations about the sessions from the event’s first two […] [Read More]

Two dealers. Same city. Same compressed market. One has been grinding through the auction lanes for years, absorbing reconditioning costs and watching margins shrink with every hammer drop. The other made a deliberate pivot 12 months ago, investing in a structured buy center operation designed to source inventory directly from private sellers. Today, that second […] [Read More]

America’s Group has gone global. The auto auction group said Thursday that it has acquired U.K.-based G3 Remarketing, a British independent vehicle auction company that operates as G3 Vehicle Auctions. This is America’s Group’s first expansion outside the U.S. The purchase, which includes G3’s locations in Castleford and Bedford, goes beyond broadening the physical footprint, […] [Read More]

Manheim Pennsylvania marked the start of the spring wholesale season with its largest event of the year: the annual Xtreme Spring Sale event and fundraiser. The event, in its 17th year, drew more than 3,000 dealers onsite and via Simulcast on March 19 to bid in the auto auction’s signature Highline, classic, specialty and 100 […] [Read More]

Nearly 150 vehicles that allegedly have gone through the wholesale market are part of a lawsuit filed last week by the Justice Department. The federal lawsuit is against S & K Towing, which is based in San Clemente, Calif., alleging that the company violated the Servicemembers Civil Relief Act (SCRA) by illegally auctioning vehicles owned […] [Read More]

In what we’re proud to call an annual tradition, Cherokee Media Group’s Women in Remarketing program, sponsored by Ally, has evolved into a celebrated franchise of Auto Remarketing and a key pillar of the National Remarketing Conference and Used Car Week. For nearly two decades, Women in Remarketing has recognized excellence among the leaders of the […] [Read More]

With the approaching Fraud Forum at the Used Car Industry Summit focused on the subject, an insurance operation has now developed a tool to help dealers protect themselves during vehicle transportation. Risk Theory, a platform of insurance distribution businesses, announced the launch of Dealer Transit, a new logistics solution designed to help dealerships mitigate the […] [Read More]

“Tuesday’s Gone” on a Wednesday. “Sweet Home Alabama” in Missouri. “Gimme Three Steps” to celebrate 16 years. America’s Auto Auction Kansas City announced this week that Lynyrd Skynyrd will headline its 16th Annual Guitars & Cars Sale, set for Aug. 12-13. The event begins with a midmorning sale on Aug. 12, followed by an exclusive […] [Read More]