Wholesale
ADESA announces 2 newly promoted Chicago, Fresno GMs
Tuesday, Jun. 12, 2018, 03:21 PM
Auto Remarketing Staff
ADESA, a business unit of KAR Auction Services, announced Tuesday that it has named new general managers at ADESA Chicago and ADESA Fresno. The company has promoted Matt Itami from ADESA Flint to head its Chicago location and appointed ADESA Los Angeles’ Cheryl Toler as new GM at ADESA Fresno. These promotions follow news from April […] [Read More]
Copart opens NC response facility for disaster recovery
Tuesday, Jun. 12, 2018, 02:16 PM
Auto Remarketing Staff
In an effort to respond to severe weather events along the United States' North Atlantic coastline, Copart has opened a new North Carolina location that will function as a catastrophe response facility where vehicles collected during times of crises will be stored. The new Copart Lumberton location sits on 90 acres of land and is located just […] [Read More]
COMMENTARY: Remarketing best practices for minimizing total cost of ownership
Monday, Jun. 11, 2018, 04:17 PM
Michael Bor , CarLotz
On the surface, managing the total cost of ownership for vehicle fleets seems like a fairly straightforward calculation: Buy the right vehicles at a discounted price with low depreciation rates, take good care of them, maybe recondition them a bit before sale and wholesale them off as quickly as possible. Then, start all over again. In […] [Read More]
KAR names former Cars.com mobile product leader new VP for Autoniq
Thursday, Jun. 7, 2018, 04:00 PM
Auto Remarketing Staff
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 widening purchase sphere impacts May wholesale price trends
Tuesday, Jun. 5, 2018, 08:07 PM
Auto Remarketing Staff
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]
MetroGistics rebrands to ACERTUS
Tuesday, Jun. 5, 2018, 11:00 AM
Auto Remarketing Staff
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]
NAAA announces 12 scholarship recipients
Monday, Jun. 4, 2018, 05:56 PM
Auto Remarketing Staff
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]
NAAA gears up for 2-day auction standards training in Midwest
Wednesday, May. 30, 2018, 07:01 PM
Auto Remarketing Staff
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 announces John Fogerty will take Rock & Roll Sale stage
Wednesday, May. 30, 2018, 05:19 PM
Auto Remarketing Staff
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]
Manheim Darlington recognizes 75-year history
Wednesday, May. 30, 2018, 02:53 PM
Auto Remarketing Staff
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]
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