How odd has this spring been? Well, an entire weekend of Major League Baseball action was postponed because of significant snow in Minnesota, and it has been cars not trucks that are leading overall wholesale market price changes. So the answer is — pretty weird.  This week’s Black Book Market Insights report reiterated how certain […] [Read More]

You could say cars really “took off” when they went over the block at a “soaring” special event Manheim recently hosted. Emphasizing that it is easy for dealers to buy and sell inventory anytime and anywhere, Manheim San Diego recently partnered with Toyota / Lexus Financial Services to conduct the “Heroes of History” Event Sale […] [Read More]

Ken Garff Auto Group announced Monday that it is buying out New York-based Leucadia National Corp. from its 12-year Garcadia dealership partnership. The company said the transaction is expected to close in Q3. Early this month, terms of the deal were ratified by the boards of Leucadia and Ken Garff. "We've had a strong relationship […] [Read More]

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]