You can expect another year of 10 million wholesale vehicles at traditional, brick-and-mortar auto auctions in 2018. But that comes with a twist, according to Cox Automotive’s 2018 Used Car Market Report & Outlook. There is also some change afoot in what the off-lease supply might look like.  Starting with wholesale, the report’s section on wholesale […] [Read More]

LeasePlan USA’s executive leadership team has grown with the addition of its new senior vice president and transformation officer Felipe Smolka, the company announced Wednesday. Smolka most recently led global connected vehicles strategy at IBM Global Business Services. He brings connected vehicle expertise stemming from a background that has consistently focused on digital transformation, using the power […] [Read More]

Former ADESA San Diego general manager Ted Coates will now head the ADESA Los Angeles auction, the business unit of KAR Auction Services announced Thursday. Coates brings over 25 years of auto remarketing industry experience, including more than 15 years spent at ADESA, the company said. Through a series of management positions, including his most […] [Read More]

Cox Automotive has announced it brought aboard a former general counsel with the Coca-Cola organization to serve as senior vice president and general counsel, effective Monday. Angus Haig, who spent almost two decades with Coca-Cola, brings considerable global legal and business experience, having lived and worked in the Asia Pacific region, Europe, Eurasia, the Middle East and the United States. He most […] [Read More]

The relationship connecting the National Independent Automobile Dealers Association and KAR Auction Services is now even stronger. On Wednesday, NIADA named Automotive Finance Corp. and TradeRev as Diamond-level National Corporate Partners — the association’s highest level of corporate affiliation. AFC provides independent vehicle dealers a portfolio of trusted, flexible inventory financing and business solutions from […] [Read More]

Manheim has a made a $50,000 annual commitment to the TechForce Foundation in support of its FutureTech Success campaign that aims to educate middle school and high school students about the benefits of a career as an auto technician, as well as challenge common misconceptions. In addition to the funding, Manheim’s vice president of reconditioning Angie Babin, […] [Read More]

Perhaps used vehicles aren’t rolling over the curb at a pace some dealers would like, but you couldn’t tell by the wholesale-price trends and auction-activity observations Black Book shared on Tuesday. The latest Black Book Market Insights report indicated that cars have continued their strong spring cadence of auction sales and activity. Editors determined the […] [Read More]

General Motors Financial is gearing up for one of its largest annual wholesale events of the year that the consignor is hoping vehicle buyers see as being “out of this world.” GM Financial is hosting its fifth annual elite sales series, which gives dealers exclusive access to thousands of some of the best pre-owned GM […] [Read More]

Auction Edge announced Wednesday that the company will be the sole technology provider for Wolfe’s Auto Auctions’ auction systems, online presence and online sales. Following Auction Edge software training earlier this year, installations began at Wolfe’s Auto Auctions’ Terre Haute location, followed by Evansville and then South Bend. Auction Edge said the three locations were […] [Read More]

What dealers are experiencing in the lanes during the spring market didn’t exactly show up in the latest Black Book Used Vehicle Retention Index. Black Book released its Used Vehicle Retention Index for March on Thursday, showing that it fell 1.2 percent for the month to register at 112.0, down from the February reading of […] [Read More]