CarDr, an automotive diagnostics technology company, announced last week it has launched an Auction Arbitration Risk Report, which can help auctions and dealerships find hidden mechanical exposure before a car enters a sale. This standalone diagnostic intelligence validates findings from vehicle scans against arbitration policies from the National Auto Auction Association, aiming to prevent avoidable […] [Read More]

Black Book again used the words “healthy’ and “increasingly selective” to describe what’s going on in the wholesale market, which posted a 0.48% dip in overall prices last week. According to its latest installment of Market Insights released on Tuesday, Black Book reported that car prices declined 0.39% while values for trucks and SUVs decreased […] [Read More]

Cox Automotive’s Central Dispatch looked to give shippers and carriers an upgrade on Tuesday. The automotive logistics operation said it has enhanced its artificial intelligence-powered Price Check Plus tool with three updates meant to better reflect what’s happening in the market right now due to recent macroeconomic pressures. They include: —Refresh pricing data more frequently, […] [Read More]

Just like how your smartphone goes through software updates regularly, ACV Auctions on Tuesday rolled out more than a half dozen enhancements across the ACV Marketplace. These are designed to help dealers buy and sell vehicles with greater speed, confidence, and efficiency. Among the selling enhancements: —Scheduled auction: Designed to take the speculation out of […] [Read More]

Direct vehicle acquisition has become one of the most talked about strategies in the dealer community, and for good reason. Traditional sourcing channels are tighter and more expensive than they used to be. Wholesale prices have stayed elevated, with the Manheim Used Vehicle Value Index closing June up 2.1% year-over-year as the used vehicle market […] [Read More]

The September edition of Auto Remarketing is “The Auto Auction Issue” and will celebrate the wholesale vehicle industry at large. One of the features in this special issue is the annual “Auction Life” photo spread, where we invite auto auctions to submit photos of daily auction life from the past year. If you and your auction(s) […] [Read More]

It was the strongest first half for auction vehicle sales in seven years. According to the latest data from the National Auto Auction Association, there were close to 3.7 million vehicle sales at AuctionNet-participating auctions in the first six months of the year. Not since 2019, when there were 4.2 million units sold in the […] [Read More]

As part of “The Auto Auction Issue” of Auto Remarketing in September, we are spotlighting the annual High Performance Auto Auctions. Essentially, this is a roundup of “Auto Auction of the Year”-type awards from consignors, auction groups and other industry stakeholders. For example, if you are a consignor, this might be a list of your […] [Read More]

Less than two weeks after announcing a CEO transition, Copart named a new president. The company said Wednesday that Jane Pocock, managing director of Copart U.K., has been promoted to that role, which she will begin Aug. 1. Pocock has led Copart’s operations in the U.K. and Ireland since joining the company in January 2019. […] [Read More]

Fraud is accelerating in the vehicle transport business. Vlad Kadurin, the chief product officer for Ship.Cars, explains why. The biggest challenge, Kadurin tells Auto Remarketing, is that the auto industry is becoming increasingly digital, but many compliance and verification processes still rely heavily on manual checks and blind trust. “Nowadays fraudsters have easy access to […] [Read More]