There wasn’t any “grand announcement” from Cox Automotive when Sandy Schwartz took the floor at an NADA Show 2019 press conference here late last month. Rather, Cox Automotive was touting a range of projects in the hopper designed to “make a difference in the future of dealers,” said Schwartz, the company’s president. “One is digital wholesaling,” […] [Read More]

Automotive logistics provider ACERTUS has promoted Rich Pinnock to the position of senior vice president of Drive Away and Alisha Buelt to vice president of strategic services. Pinnock will lead the Drive Away division in the United States and Canada for ACERTUS. He is a nearly 20-year veteran of the logistics and fleet management industries, with experience in key […] [Read More]

RVI Group examined the wholesale market in both the United States and Canada for the latest installment of the RVI Risk Outlook, spotting similar trends in both countries and comparable forecasts looking ahead toward 2020. Beginning first in the U.S., report indicated December real used vehicle prices — seasonally adjusted for 2- to 5-year-old units […] [Read More]

Black Book is seeing a stable start to auction activity this month. The newest Market Insights Report showed prices for both cars and trucks softened at the same rate last week as Black Book lane watchers shared observations that aligned with the data editors compiled. Black Book reported that overall car segment values on a […] [Read More]

As the wholesale price experts from KAR Auction Services and J.D. Power Valuation Services saw December metrics move in similar different directions to close 2018, they also agree that prices are likely to dip somewhat as this year continues. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, prices […] [Read More]

For many years, ServNet has supported higher education for members of the auction industry. That support initially began in the early 2000s, when the group got involved with NAAA’s Warren Young Scholarship Program. Eventually, ServNet decided to broaden its support for training and education by offering scholarships each year to the sons and daughters of […] [Read More]

Patrick Ming has joined the ADESA national sales team as executive sales director, and Vince McNeal has rejoined the team as senior director of customer solutions. Ming joined the business unit of KAR Auction Services through the acquisition of upstream vehicle auction platform OPENLANE in 2011. Ming brings more than 20 years of experience in the […] [Read More]

In this episode recorded at Used Car Week in late 2018, Nick Peluso of Cox Automotive is back to talk about the changes on the selling side of remarketing cars, concierge service in off-site wholesale selling and how Manheim aims to provide a "future-proof digital marketplace."  The podcast discussion can be found below. Download and subscribe […] [Read More]

Canadian online auto auction EBlock has now officially set up shop in the U.S., as well. EBlock’s U.S. operations are headed up in Burlington, Vt., and led by former Dealer.com executive Mike DeCecco. (Dealer.com is also headquartered in Burlington). EBlock will begin its U.S. expansion in the Northeast, and leading the company’s North American growth […] [Read More]

Matt Arias has been named assistant vice president of operations at America’s Auto Auction. The company describes Arias as “one of the industry’s leading experts in vehicle arbitration procedures, inspections, reconditioning, operations management and resource optimization.” Arias begins his new role with more than 20 years of auction experience. “Matt will establish stronger consistency in […] [Read More]