This year, GM Financial is expanding its volume footprint nationwide — recently opening distribution centers in the Detroit area, Maryland and New York — to help move more vehicles across Southeast and Midwest markets that wouldn't normally get as many off-lease returns, says GM Financial vice president of remarketing, auction operations John Sullivan. “So pretty much every one of […] [Read More]

Insurance Auto Auctions announced Thursday the launch of its newest auction channel for targeted buying and selling — Ignite Auction — in conjunction with the grand opening of its IAA Ignite Auction location in Portage, Wis. Via IAA Ignite, sellers can consign vehicles utilizing the platforms suite of auction channels, IAA Live and Online, IAA Timed Auctions and […] [Read More]

A 2018 Chevrolet Corvette Carbon 65 from GM Financial, one of only 650 limited edition vehicles produced to commemorate the Corvette’s 1953 debut., was auctioned off at ADESA Los Angeles on Jan. 25. GM Financial said Wednesday that the amount the special vehicle sold for is currently undisclosed, however, Chevrolet's first retail production model of the […] [Read More]

ADESA will have a new president on Feb. 26. Parent company KAR Auction Services said late Thursday afternoon that Stéphane St-Hilaire, who has been ADESA’s president since early 2014, is resigning. Taking on the role is John Hammer, who had been chief executive of KAR’s Automotive Finance Corp. business until 2016. Hammer was most recently […] [Read More]

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]