When faced with record snowfall and two sales scheduled just days after the storms, Greater Erie Auto Auction powered through — despite the 65 inches of snow Erie, Pa., got in less than two days. Greater Erie AA assistant general manager and dealer sales manager Ryan Russell says what his auction experienced in late December and […] [Read More]

One discussion topic that often comes up at used-car industry conferences is this: the increased digitalization of the wholesale vehicle market, be it through third-party platforms or the online offerings of auction players. Well, a few statistics released Tuesday show some concrete proof of how far that digitalization has come. Saying the company saw “unprecedented […] [Read More]

While more than a week remains in January, dealers might already be venturing into the wholesale market with spring on their minds, hoping retail sales increases bloom nicely. What managers are going to have to pay for inventory varies based on the latest analysis from Black Book and RVI Group. The December figures from RVI […] [Read More]

Cox Automotive announced Tuesday that it has appointed John Griffin to serve as its Retail Solutions Group senior vice president of performance management. Most recently, Griffin was the vice president of performance management at Cox Automotive. The company said he led vAuto in setting the gold standard for performance management in automotive retail. In his […] [Read More]

The International Automotive Remarketers Alliance announced the sessions that will follow its Spring Roundtable at Caesars Palace on March 5. Different IARA sessions held concurrent with the Conference of Automotive Remarketers will be hosted on March 6 and March 7. Session moderators and participants include representatives from ARI, ADESA, America’s Auto Auction, Avis Budget, Element and […] [Read More]

The International Automotive Remarketing Alliance has announced the opening keynote speaker for the spring IARA Roundtable meetings being held concurrently with the Conference of Automotive Remarketing in Las Vegas this March. Delivering the opening keynote at the IARA Roundtable on March 6 will be Bob White, the executive vice president and chief operating officer at […] [Read More]

ServNet recently announced that it has expanded its scholarship program and will hand out up to 10 awards this year. The program which was launched in 2016, exists to financially help ServNet auction employees and their families pursue higher education. Five $2,500 awards are for students attending a four-year college or university, and five awards […] [Read More]

While there likely are households and businesses still trying to recover from Hurricanes Harvey and Irma, KAR Auction Services chief economist Tom Kontos thinks the impact from those storms is no longer strongly influencing wholesale vehicle prices. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale used-vehicle prices […] [Read More]

Black Book determined full-year vehicle depreciation for 2017 didn’t quite reach the level editors saw for the previous year. According to Black Book data, the average price of a used vehicle for model years 2012 through 2016 depreciated in value by 2.9 percent during the close month of 2017. Editors indicated overall cars values dropped […] [Read More]

At Used Car Week in November, Joe sat down with ADESA chief operating officer Paul Lips for a chat about his time as National Auto Auction Association president, mobile phone usage in the auction industry, auction safety, volume spikes for 2018, Notre Dame football and more. Check out their conversation from La Quinta, Calif., below, […] [Read More]