KAR Auction Services has appointed former Cars.com mobile product leader Joe Oliveri new vice president of the company’s Autoniq business to replace Nicole Archer, who was recently named VP of international business development for KAR. Oliveri most recently served as Cars.com senior director of product and has spent time in other leadership roles at the digital automotive marketplace […] [Read More]

Dealers expanding their wholesale search parameters to find the clean vehicles that fit their inventory needs impacted both the weekly and monthly wholesale price updates from Black Book. Taking a look first at the monthly view, Black Book on Tuesday released its Used Vehicle Retention Index for May, describing a 0.8-percent increase during the month […] [Read More]

Automotive logistics services provider MetroGistics is rebranding. The company, which has acquired McNutt, AmeriFleet and Metro Title Services over the past four years, is now known as ACERTUS. In a news release, MetroGistics said its rebranding to ACERTUS “reflects the companies’ coming together to form a one-stop shop offering world-class vehicle lifecycle solutions to all […] [Read More]

The National Auto Auction’s The Warren Young Sr., Scholastic Foundation recently announced its 12 scholarship recipients for the year. In its 14th year, the program now offers eight $5,000 scholarships for attending a four-year institution and four $3,000 scholarships for a two-year college or vocational-technical school. That’s a total of $52,000 annually in 12 merit […] [Read More]

The National Auto Auction Association’s Standards Training Program is gearing up to host more two-day-long vehicle inspections and arbitration training across three states throughout June, July and August. This summer, classes will be held on June 7 and June 8 at Manheim Indianapolis, followed by July 19 and July 20 classes at Akron Auto Auction in Ohio, […] [Read More]

DAA Northwest has confirmed that singer, songwriter John Fogerty will take the stage for a special performance at the upcoming Rock & Roll Sale on July 18. The auction announced that Fogerty will perform for dealers on the first night of the annual two-day sale during its promotional event sale, DAA After Dark, last month.  "John Fogerty has been at […] [Read More]

In celebration of its inception 75 years ago, Manheim Darlington most recently commemorated it's over seven-decade history by hosting a May Diamond Jubilee Sale that followed four other special sales. Founded originally as Clanton’s Auto Auction back in 1943, Manheim Darlington has grown from a single-lane operation to an auction with a total of 12 lanes and digital channels that can turn up to […] [Read More]

The sales and marketing team at KCI Kansas City performed a live remix of Big & Rich's “Save a Horse” music video to announce that the band will headline this year's Guitars & Cars event scheduled for Aug. 15 and Aug. 16. While the Big & Rich's music played across the auction arena prior to its recent Fish […] [Read More]

Along with giving a rundown of the latest wholesale price movements, this week’s Black Book Market Insights report gave some perspective on a pair of factors shaping what dealers are buying at auction nowadays and why. First off, editors noticed continued stabilization of prices for the majority of car and truck segments. Black Book indicated […] [Read More]

Going beyond just the metrics, KAR Auction Services chief economist Tom Kontos explained why the latest wholesale price movements reflect auction successes — especially when it comes to handling off-lease vehicles. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, values in April averaged $11,116, which represented a 2.7-percent lift […] [Read More]