Cherokee Media Group president Bill Zadeits is back on the mics for this one, interviewing Joe Neiman and George Chamoun of ACV Auctions during NADA Show 2018 in March. They talk about the capital growth at ACV, how the idea for the online auction company started and more. To see how much the company has grown […] [Read More]

As typical as fans running on high speed above the auction lanes this time of year, Black Book is seeing that the wholesale market currently is demonstrating expected seasonal depreciation trends with car prices falling slightly more than trucks, SUVs and CUVs. “Depreciation rates have remained consistent during the last four weeks for both car […] [Read More]

Alliance Auto Auction Group believes in giving back and selects a charity to support every year.  Chief operating officer Christopher Dean and chief executive officer Tim Adams set out to find a local charity, one that had an impact on abused and exploited children. After attending a benefit dinner, and hearing about the Poiema Foundation, they […] [Read More]

RVI Group has promoted both Daniel Egan and Michael McGroarty to serve as co-chief operating officers in fulfillment of its redesigned organizational structure, the company announced Monday. Egan and McGroarty will now report to RVI chief executive officer Douglas May, and all other company senior leadership will report to either Egan or McGroarty. “During their long […] [Read More]

For any relatively young tech company looking to continue spreading its wings from coast to coast, milestones can be huge. And Buffalo, N.Y.-based ACV Auctions — which has its sights set on taking its rapidly expanding marketplace to California by year’s end — hit a few this spring. On the last day of May, there […] [Read More]

Black Book described how the wholesale market is showing its “resilience” based on recent movement of its Used Vehicle Retention Index. Late Thursday, Black Book released its latest index reading, highlighting that it increased 0.4 percent during June to come in at 113.3. That’s up from the May reading of 112.9. Editors tabulated that the […] [Read More]

Columbus Fair Auto Auction has promoted Annie Wheatley to serve as head of fleet operations and service subsequent to the semi-retirement of general manager Chuck Dearing and two other promotions. The auction announced Tuesday that it chose to develop its newly introduced vice president of fleet services role after Dearing's recent move to take on an advisory and relationship management […] [Read More]

Black Book executive vice president of operations Anil Goyal suggested that dealers watch one particular vehicle segment closely as editors continued to see stability in the wholesale market. “The used-car market has remained relatively stable overall,” Goyal said in this week’s Black Book Market Insights report. “However, recognizing consistent weekly trends may keep you ahead […] [Read More]

Todd Briggs of Greater Erie Auto Auction took on his first role within the automotive industry driving cars for an auction house at the age of 20 in December of 1970, following a layoff from construction work for the winter. Some five decades later and after a long career, Briggs is taking time to travel. Briggs, a […] [Read More]

KAR Auction Services chief economist Tom Kontos pointed out two specific reasons why May wholesale prices registered only a “modest” move lower year-over-year. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, wholesale used-vehicle prices in May averaged $11,114. That figure was flat compared to April and down […] [Read More]