ADESA has made recent back-to-back appointments including a new executive sales director and two new California auction general managers. The company announced that Rod Thompson, who most recently served as GM at ADESA Tulsa, will now manage ADESA’s commercial client relationships and leading commercial client efforts. Meanwhile, Bobby Sylvester has been named GM of ADESA San Diego, […] [Read More]

Lease returns have been one of the dominant discussion points in the auto industry over the last few years, and rightfully so, given the influx in volumes that are now approaching a peak.  But when you think about lease returns and their impact to wholesale markets, only a “subset” of the off-lease volume ends up […] [Read More]

Dealers Auto Auction Group has a long history of giving back to the community as DAAG supports many local charities throughout the course of the year. Collectively, the group’s recent efforts have led to more than $122,000 being awarded to a wide array of organizations. DAA of Huntsville just celebrated its 14th anniversary sale with […] [Read More]

Perhaps not as difficult as finding that needle in the proverbial haystack, Black Book’s latest anecdotes from the lanes again described how dealers are having difficulties finding clean vehicles at the auction without completely depleting their floorplan funds. Before getting into bidding activities, this week’s edition of Black Book Market Insights showed how prices aren’t […] [Read More]

As part of Manheim’s “Race to Give” program, Remarketing by Element is donating two emergency response vehicles to the American Red Cross. Manheim locations across the country recently competed to win the companywide “Race to Give” fundraising initiative for a chance to win a vehicle donation provided by Remarketing by Element for their local Red Cross location's disaster relief […] [Read More]

CarLotz has set up shop in Chicagoland. The used-vehicle consignment and remarketing business announced its seventh store on Wednesday, opening a location — its largest to date — in the Chicago suburb of Downer’s Grove, Ill. This is also the first location in the Midwest for CarLotz, which launched in 2011 in Virginia and has […] [Read More]

Those in the vehicle logistics industry have known for a while that a shortage of long-haul truck drivers in the United States over the last several years has impacted costs and delivery times. According to a report from the American Trucking Association, the U.S. had a shortage of 51,000 truck drivers at the end of […] [Read More]

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]