Lane watch: Back to typical depreciation readings as 2025 winds down
Wednesday, Dec. 10, 2025, 03:45 PM
Auction Academy president Wanna looks back at an ‘energizing’ year
Wednesday, Dec. 10, 2025, 02:32 PM
Commercial consignor sales at auction reflect strength in off-rental, repo volumes
Tuesday, Dec. 9, 2025, 01:44 PM
Wholesale
Auction news roundup: Branch expansions, new clients & executive moves
Wednesday, Apr. 3, 2019, 06:35 PM
Auto Remarketing Staff
Insurance Auto Auctions’ latest expansions, at branches in five states, add more than 110 acres to the company’s footprint in Alabama, Arkansas, Minnesota, New York and Texas. In other auction news, Auction Management Solutions, which provides consulting services to automotive industry clients including independent auto auctions, has added Bloomsburg Auto Auction in Bloomsburg, Pa., as a […] [Read More]
Insurance Auto Auctions spin-off reaches key ‘milestone’
Tuesday, Apr. 2, 2019, 08:09 PM
Auto Remarketing Staff
The planned spin-off of the Insurance Auto Auctions business from KAR Auction Services reached what KAR’s chief executive called “an important milestone” this week. The Internal Revenue Service provided KAR a favorable private letter ruling regarding the tax-free status of the IAA spin-off, KAR said in a news release Monday. “This favorable tax ruling is […] [Read More]
Lanes and showrooms get busier as spring market blossoms
Tuesday, Apr. 2, 2019, 04:24 PM
Auto Remarketing Staff
Black Book highlighted activity in the lanes and dealership showrooms is on the upswing as the spring market continues to blossom. This week’s Market Insights report detailed not only the latest price movements, but also anecdotes from Black Book’s representatives at sales nationwide that indicated dealers are in need of inventory because of upticks in buyer […] [Read More]
Auction roundup: DAA Idaho anniversary; Copart expansion
Friday, Mar. 29, 2019, 06:38 PM
Auto Remarketing Staff
A giveaway of a new 2018 Tesla Model 3 AWD was one of the highlights of an 18th-anniversary celebration and sale on March 13 for Dealers Auto Auction of Idaho. In other auction news, Copart added 44 acres to its Chicago South facility, located at 89 E. Sauk Trail, Chicago Heights, Ill. As a result […] [Read More]
Lynnway Auto Auction, president indicted on 5 counts of manslaughter
Friday, Mar. 29, 2019, 05:15 PM
Auto Remarketing Staff
Lynnway Auto Auction and its president James Lamb have each been indicted by a Massachusetts grand jury on five counts of manslaughter, stemming from a fatal 2017 crash at the Billerica, Mass., auto auction. That’s according to a news release from the office of Middlesex District Attorney Marian Ryan, which said the Middlesex Grand Jury […] [Read More]
Partnership brings 360° Walkarounds for more auction transparency
Wednesday, Mar. 27, 2019, 05:33 PM
Auto Remarketing Staff
A new partnership aims to transform independent and specialty auctions’ static vehicle merchandising pages into “interactive digital experiences.” Auction Edge, a technology provider for independent auto auctions; and automotive digital merchandising company SpinCar are now working together to bring 360° Walkarounds to the auctions. The companies say that the technology helps wholesale vehicle buyers explore […] [Read More]
Peluso receives Bobit Industry Icon Award
Wednesday, Mar. 27, 2019, 02:39 PM
Auto Remarketing Staff
Nick Peluso has another wholesale-industry accolade to add to his mantle. Peluso became the sixth-ever recipient of the Bobit Industry Icon Award in recognition of his bold vision, technological innovation and dynamic leadership. The National Auto Auction Association (NAAA) and the International Automotive Remarketers Association (IARA) honored the president of Manheim Digital Marketplace at the […] [Read More]
Black Book declares spring’s arrival
Tuesday, Mar. 26, 2019, 04:10 PM
Auto Remarketing Staff
Black Book executive vice president of operations Anil Goyal made the call. “The spring market is here,” Goyal said in a segment of this week’s Black Book Market Insights report that illustrates the strength of the spring market where several midsize cars and van segments posted a notable increase. “Led by midsize cars and minivans, […] [Read More]
AutoTec names Adams new COO of AuctionACCESS
Monday, Mar. 25, 2019, 06:24 PM
Auto Remarketing Staff
Service and software company AutoTec has promoted Charlie Adams to senior vice president and chief operating officer of AuctionACCESS. Adams, who joined the AutoTec team in 2011 and most recently served as vice president of business development for the AuctionACCESS product, will manage daily operations of the AuctionACCESS platform including its sales and customer support […] [Read More]
J.D. Power Valuation Services revises 2019 price forecast
Friday, Mar. 22, 2019, 04:21 PM
Auto Remarketing Staff
Data from the first two months of the year prompted J.D. Power Valuation Services to revise its wholesale price forecast for 2019. And depending on the state of your dealership, the updated prediction could be valuable information to help sharpen your used-car strategy. “With January and February’s weaker-than-expected performances, 2019’s outlook has worsened,” J.D. Power […] [Read More]
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