Perhaps it’s getting more difficult for dealers to remember what the car business was like in 2017 through 2019, before the pandemic upended many parts of store operations. The newest installment of Market Insights from Black Book offered a memory jolt, at least in connection with wholesale prices. Black Book reported wholesale depreciation accelerated modestly […] [Read More]

Black Book said Monday it has hired a former Ally and Flagship Credit Acceptance executive as vice president and head of residual strategy. Appointed to this newly created executive leadership role is Scott Fontaine, who will lead the company’s residual value modeling and predictive valuation strategy in both the U.S. and Canada. Fontaine will report […] [Read More]

America’s Auto Auction has made its 23rd acquisition in the last three years. The company said it has purchased Victoria Auto Auction in South Texas, bulking up its presence in the Lone Star State. “Twenty-three acquisitions in three years is a reflection of our commitment to building one of the strongest auction networks in the […] [Read More]

When he spoke to Auto Remarketing in late summer, National Auto Auction Association executive director Paul Lips had just returned from a trip to the U.K. to visit NAAA’s sister organization, the National Organization of Motor Auctions (NAMA), and attend its board meeting. “And I think I would say they’re ahead of us (digitally) only […] [Read More]

Cox Automotive recently hosted its 2026 Top Tech Finals, bringing the top technicians from the company’s Cox Fleet and Manheim business units for an annual skills competition for technical excellence. Nearly 900 technicians participated in the initial qualifier exam, then competitors went through five regional competitions throughout the U.S., competing in light/medium-duty, heavy-duty and trailer […] [Read More]

Copart — and most any publicly traded company in the auto industry, for that matter — doesn’t typically hold conference calls between their regularly scheduled quarterly earnings calls with the investment community. But this year is a little different for the online vehicle auction company. On June 29, Copart announced a CEO transition, under which […] [Read More]

Super Dispatch and ACV Transportation expanded their partnership on Wednesday in a move meant to give auto transport carriers more flexibility in how they manage vehicle shipments. According to a news release, carriers can now choose to manage loads via ACV Transportation directly within Super Dispatch, eliminating duplicate data entry while allowing ACV and its […] [Read More]

After making changes to top leadership earlier this summer — including its CEO as well as its president — Copart announced on Tuesday that David Berger has joined its board of directors in a move that was effective last Thursday. According to a company news release, Berger currently serves as a senior partner of Wilson Sonsini […] [Read More]

Dealerships nationwide now can use the capabilities of VIPER from ACV Auctions. For example, like how they’re boosting the service drive at Plaza Auto Mall. “VIPER has fundamentally changed how we approach our service lane,” said Rob Patel, who is director of variable and internal fixed operations at Plaza Auto Mall, which has Honda, Toyota, […] [Read More]

Today, wholesale buying and selling is driven by more than gut feeling and experience. Fred Stark, CarMax’s regional vice president of auction services, said today’s decisions are driven instead by data. “There is still a savviness needed in this industry, but a lot of it is more geared toward algorithms and just more data-driven all […] [Read More]