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]

Helping to build the Cox Automotive portfolio by nurturing organic growth at Autotrader and Manheim is just one of Cox Automotive president Sandy Schwartz’s accomplishments over his three-decade career with the company. Schwartz has been a key member of the leadership team at Cox Media Group and Cox Automotive, helping to grow the company to $20 billion revenue […] [Read More]

After extensive phone interviews with executives at several major commercial consignors and auction houses, I’ll describe the future of wholesale remarketing using the acronym “BOOM.” The respective letters of “BOOM” describe how auction services and consignors are evolving wholesale remarketing to transform brick-and-mortar, online opportunities and metrics to deliver more value to both ends of […] [Read More]

Everyone loves a bargain, right? That situation has been the case in the lanes especially with spring beginning to sprout, according to this week’s edition of Black Book Market Insights report. Experts and auction observers noted that searches for clean affordable inventory is intensifying with retail activity beginning to improve in some areas of the […] [Read More]

Jon Hart is general manager of Escondido Auto Super Center, an independent dealership in Escondido, Calif., that’s been in business since 1994 in the city that’s about 30 miles north of San Diego. The store lists more than 200 vehicles in inventory mostly from domestic and Asian automakers with a few high-line units sprinkled in, […] [Read More]

Ben Flusberg, associate vice president of M LOGIC, says his company has been helping clients make smarter, real-time decisions for a long time. “But now, M LOGIC combines efforts across Manheim to provide even better solutions that help our wholesale clients take action for faster transactions and greater profitability,” Flusberg said in a news release. […] [Read More]

UPDATE: This story has been corrected to reflect the correct number of auction partners (23).  The list of partners in the portfolio of Auction Management Solutions (AMS) is now up to nearly two dozen.  According to a news release distributed on Monday, AMS has added Skipco Auto Auction, located in Canal Fulton, Ohio, to its […] [Read More]

Consumers today don’t think twice about opening an app on their smart phone, clicking a few buttons and ordering everything from a ride-share to a flat-screen TV. The digital era is transforming every part of our economy, and its impact on the wholesale vehicle marketplace is taking hold like never before. Last year, digital buyers […] [Read More]

Expanding its operational footprint in western Kentucky, online vehicle auction company Copart has acquired what it describes as “a leader in the remarketing of total-loss and fleet vehicles in the western Kentucky region for over a decade.” Copart’s acquisition of Vincent Auto Solutions in Greenville, Ky., adds a “strong local management team with long-standing customer […] [Read More]

Make it three consecutive months of sequential declines for the Black Book Used Vehicle Retention Index. On Tuesday, Black Book released its February index, noting that the reading came in at 114.5. That figure represented a 0.8-percent dip from January when it was 115.4. Editors added the index also has fallen 1.0 percent over the […] [Read More]