According to a news release distributed on Tuesday, Sagent Lending Technologies announced its 2018 Auction of the Year award winner. At the start of each year, Sagent analyzes the prior year’s performance metrics for all of its auction partners, awarding the top performer with the designation of Auction of the Year. And receiving the latest […] [Read More]

Copart’s addition of 18 acres to its location near Austin, Texas, is a move that the company says addresses its “substantial growth” in business for that area. The property — at 8725 N Interstate 35 in New Braunfels, Texas — is historically significant for the global online vehicle auction company. Copart purchased it in 1999. In […] [Read More]

RumbleOn is an e-commerce company that uses technology to help dealers and customers buy, sell, trade, or finance pre-owned vehicles through one online location. Expanding its partnership with Manheim into Fontana, Calif., RumbleOn notes that its distribution network from California to Washington, Pennsylvania and down to Florida, now hits all corners of the United States. […] [Read More]

The spring market is starting to bloom at the auction. This week’s edition of Black Book Market Insights report included slowdowns in vehicle value decreases as well as rising sales percentages, especially if trucks and SUVs were included in the lane. “The first sign of the spring market showed up last week with mid-size cars […] [Read More]

Automotive logistics provider ACERTUS has appointed Jason Onsen to chief financial officer. Onsen previously served in top finance roles for Amazon and for St. George Logistics. In his most recent role as vice president and corporate controller for St. George Logistics, Onsen led a 30-person finance team at five locations, built transaction-based models to validate direct costs, and […] [Read More]

After three years of holding its annual convention in partnership with Cherokee Media Group’s National Remarketing Conference during Used Car Week, the National Auto Auction Association will return to having its own standalone event this fall. NAAA is hosting its event Sept. 30 to Oct. 3 at the JW Marriott in Indianapolis. The association said […] [Read More]

Ron Smith decided to roll the dice in 2001. It wasn’t long after 9/11, and the aftermath of the attacks was having a big impact on the business travel industry. Hotels were facing cancellations, and many companies were averse to business travel at that point, Smith said.  So, Smith, the founder of Auto Remarketing and […] [Read More]

Jim Hallett has been with what is now called KAR Auction Services the better part of the past two-and-a-half decades. Hallett, who has been KAR’s chief executive since 2009, has had a front-row seat to the company’s evolution. And he sees the OPENLANE purchase in 2011 as having been an “inflection point” for KAR.  This […] [Read More]

Just like cream and sugar cuts the bite of strong coffee, KAR Auction Services chief economist Tom Kontos noticed wholesale price movements of cars versus trucks unfolded similarly in February to produce the overall reading. And the movements happened in part to what’s occurring “upstream” versus “downstream.” According to ADESA Analytical Services’ monthly analysis of […] [Read More]

Direct Auction Services detailed a major business restructuring on Thursday, announcing a trio of promotions in the process. Direct Auction Services now has separate leadership for its two major brands — Roadrunner Services and Direct Reconditioning — while also looking to broaden its staffing solutions. The three promotions include: — David Rush as president of […] [Read More]