Dealers Auto Auction Group has purchased Rea Brothers Mid-South Auction from the Rea family, a move that expands the independent auto auction group into Mississippi. In late January 2016, the Rea family repurchased Mid-South Auction from the XLerate Group. Mid-South, originally founded in 1972, had formerly been owned by the Rea family and operated under […] [Read More]

At Used Car Week in November, Joe sat down with United Road president and chief operating officer Mark Anderson to talk about finding drivers for vehicle logistics/transportation providers, how the online sales environment impacts the transportation/logistics space, the impact of hurricanes to the segment and more. Check out their conversation from La Quinta, Calif., below, and find […] [Read More]

The first rendition of the Black Book Used Vehicle Retention Index for 2018 showed the wholesale market is heading into traditional cyclical pattern going into the spring. On Monday, Black Book released the January index, which registered in at 113.1, marking a dip of 0.9 percent from the previous month. The December reading came in […] [Read More]

Auction Academy announced Monday that its two-year training curriculum will now include IARA CAR Certification. The addition of the IARA CAR Certification program follows the company's move to become a major sponsor of Auction Academy, the organization said.  IARA’s training program is designed to address each step of the remarketing process. It covers the consignment and grounding […] [Read More]

ADESA recently announced that via its new ADESA Rewards program, dealers can now earn points when they purchase qualifying vehicles and specialty units at U.S. auction locations and on ADESA.com. Earned reward points can either be converted for the purchase of merchandise, travel and gift cards or be used as ADESA Dollars that are valid […] [Read More]

More than 2.8 million late-model vehicles hit the auction market last year, according to J.D. Power Valuation Services. This marked a 3.2-percent bump in late-model auction volume, the company said in its latest Guidelines report. Some of those, of course, would be off-lease vehicles. Cox Automotive is anticipating 3.89 million off-lease units in 2018, which […] [Read More]

IARA announced Wednesday details about its upcoming town hall discussion on cybersecurity set for the last day of the Conference of Automotive Remarketing. Auto-ISAC’s Faye Francy and Jack Cooper Logistics' Andrea Amico will host the town hall next month. IARA said the two executives will discuss minimizing cybersecurity threats to the remarketing industry, along with […] [Read More]

Changing consumer behavior is forcing wholesale market experts to modify how they track pricing shifts. While recapping what happened in December, J.D. Power Valuation Services shared its latest wholesale price expectations for 2018, along with what analysts suspect will happen when the January data becomes available. According to the latest installment of Guidelines, J.D. Power […] [Read More]

Lynn Weaver has been named the first-ever executive director of the Independent Auction Group. Weaver is the former owner of Harrisburg Auto Auction, which he sold to Americas’ Auto Auction in December 2014 and then remained general manager until he retired from daily operations on Jan. 1 He was previously the volunteer co-chair of IAG, […] [Read More]

Black Book’s latest wholesale price data and anecdotes from the lanes offered vivid details about what’s happening when clean trucks and SUVs roll over the block. This week’s Black Book Market Insights report also indicated overall values are holding up well as the industry approaches the spring selling season. “Lower mileage trucks and SUVs continue […] [Read More]