Much like the 30 clubs of Major League Baseball, General Motors Financial is spending April through October crisscrossing the country. But instead of fielding grounders and belting out doubles, GM Financial will be providing dealers access to “thousands of the best pre-owned GM vehicles” through its sixth annual Elite Sales series. This year’s baseball-themed series […] [Read More]

The National Auto Auction Association has launched a new website that it says will help job seekers connect with member auto auctions that have jobs to fill. The association said in a news release that AutoAuctionJobs.com is a free resource that provides information about careers in the industry and links to auction job listings. It […] [Read More]

Continuing its busy schedule of recent acquisitions and expansions of its existing auctions, Copart on Monday announced the opening of a new location in Fredericksburg, Va. The facility, located at 4717 Massaponax Church Road in Fredericksburg, will serve Copart customers from Washington D.C. and from Richmond and Charlottesville, Va. Copart Fredericksburg general manager Consuela Harrison […] [Read More]

Wholesale used-vehicle auction environments are often described as “organized chaos.” Hundreds of cars are moving through physical lanes in less than a minute with multiple lanes operating simultaneously. Auctioneers are engaging the energetic crowds while buyers are listening for prices, inspecting the vehicles and checking their phones or printouts for details. With all this activity […] [Read More]

Floor plan financing tends to be a necessary cost of doing business for dealers in acquiring the inventory they need. But which vehicles dominate floor plan financing? New data from NextGear Capital, a Cox Automotive company, shows various trends, but one in particular stands out: Trucks and sedans remain extremely popular. “Our dealer clients clearly […] [Read More]

Liza Myers Borches, chief executive officer and president of Carter Myers Automotive in central Virginia, believes the way dealers wholesale used vehicles is “due for a change.” That’s why her 13-store dealership group turned to ACV Auctions — an app-based, digital dealer-to-dealer marketplace that allows a dealer to offer individual vehicles for sale in real-time, […] [Read More]

EY describes its Entrepreneur of the Year award as “the world’s most prestigious business awards program for entrepreneurs.” EY started the award 33 years ago, and says it is now recognized globally. It honors “the most outstanding entrepreneurs who inspire others with their vision, leadership and achievement.” For 2019, EY announced that CarLotz co-founders Michael […] [Read More]

GM Financial values its auction partners, and Brad Bollman — who is the GM Financial senior vice president of remarketing solutions for North America — said in a news release that those auctions support his company’s remarketing objectives “day in and day out.” GM Financial’s recent honors for five regional 2018 Auction of the Year […] [Read More]

Insurance Auto Auctions has appointed Vance Johnston chief financial officer. Johnston, who most recently served as CFO for SP Plus Corp., will report to IAA chief executive officer and president John Kett. Kett said Johnston’s experience in leading finance teams and working toward operational efficiency will help IAA decrease cycle times and increase efficiencies for […] [Read More]

Make it five weeks in a row of wholesale values moving higher fueled by the 2019 spring market. According to this week’s Market Insights report from Black Book, editors noticed several car segments continued to show strong week-to-week retention, especially vehicles that might turn with buyers looking to stay within a budget. “Broad strength in […] [Read More]