Dealers in upbeat moods thanks to more showroom activity translated into actions in the lanes being more robust last week, according to the latest Black Book Market Insights report. Those behaviors resulted in analysts noticing wholesale values staying stronger than they had during the previous four weeks. “Strong valuation trends were seen across the majority […] [Read More]

Plenty of preparation went into DAA Northwest’s July 24 and 25 Rock & Roll Sale, and the rock & roll portion was a main highlight. The event featured a performance from former Doobie Brothers front man Michael McDonald. Of course, the auction itself was also a big show, with administrative and operational DAA Northwest teams […] [Read More]

Fleet remarketers would like to sell more units upstream, but the sales channel may expand only so much. Simulcast and grounded auctions remain fleet companies’ remarketing bread and butter. “Increasing upstream sales is still a point of emphasis, and at ARI we’re working on developing a direct sales portal to further enhance the upstream experience […] [Read More]

As they drive to be more competitive, fleet management companies say they’re focusing more intently on delivering an improved experience to their customers. This statement could go in several directions, but three stand out. According to a 2017 Automotive Fleet article, “What Are the Most Valuable Services Offered by FMCs?” what fleet customers want most […] [Read More]

The International Automotive Remarketers Alliance will be holding its annual Summer Roundtable this month at the Sheraton Grand in Chicago. The event is scheduled for Aug. 21 and Aug. 22. The event begins with a day of board committee meetings on Aug. 21, followed by a dinner to honor graduates of the Certified Automotive Remarketer […] [Read More]

Roughly three months after ServNet first announced a change in leadership was in motion, the collection of independent auctions revealed who will be leading the group. According to a news release distributed on Friday afternoon, ServNet president Eric Autenrieth announced the appointment of industry veterans John Brasher and Robert Sullivan to head ServNet’s executive team.  […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Rick Griskie, who is the chief information officer at ADESA.  Auto Remarketing: As the chief information officer of an […] [Read More]

Kevin Brown has worked with the Stanley-Autenrieth Auction Group as a consultant since October, handling special projects for both auctions in the group. Since November he has overseen a major facility upgrade at Indiana Auto Auction. On Wednesday, Eric Autenrieth of the Stanley-Autenrieth Auction Group announced that industry veteran Brown has been named Indiana Auto […] [Read More]

Cox Automotive explained why its July wholesale price data makes for a challenging comparison to what analysts reported a year ago. In its latest update, the company said wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 0.01% month-over-month in July. This movement brought the Manheim Used Vehicle Value Index to 140.5, representing […] [Read More]

Vehicle marketplace IAA says the expansion of its McAllen, Texas, branch doubles the branch’s capacity, in part to further manage potential volume that comes from catastrophic weather events in the area. IAA and Copart announced expansions on Tuesday, as Copart said its addition of 35 acres to its existing Memphis, Tenn., 46-acre facility provides the company […] [Read More]