The surge Hurricane Harvey created still is rippling through the wholesale market. Black Book reported that its Used Vehicle Retention Index for September posted the largest month-over-month gain since March 2012. The index reading increased from 112.6 to 113.9. Hurricane Harvey caused major flooding throughout parts of Texas, resulting in an estimated up to 500,000 […] [Read More]

Cox Automotive announced Monday it has appointed Patrick Brennan to be senior vice president of inventory solutions, marketplace, following the recent promotion of Grace Huang to president of the inventory solutions group. Brennan most recently served as senior vice president of logistics solutions, working to enhance the efficiency and client experience of Cox Automotive's Ready Logistics and Central Dispatch. The […] [Read More]

An auction operator who likely saw at least some of the rain from Hurricanes Harvey and Irma spelled out his five points to consider as the industry watches for flood-damaged vehicles. Chris Tomchay, co-founder and chief operating officer of The Appraisal Lane and co-owner of the Georgia-Carolina Auto Auction, shared his five thoughts as estimates […] [Read More]

Florida-based AutoBuy now has eight locations since opening two new locations in respective partnerships with ADESA and Manheim, the company announced Tuesday. The new AutoBuy in Sanford, Fla. (which was launched in partnership with ADESA) and AutoBuy Orlando (launched in partnership with Manheim) have increased AutoBuy’s buy/sell capacity by more than 40 percent, according to the company. “Keeping pace with […] [Read More]

With fall officially arriving, dealer behavior is changing accordingly based on the data and observations included in the latest Black Book Market Insights report. Along with more perspective on hurricane-related buying, editors shared in this week’s rundown that truck segments performed much better than car segments. Three vehicle categories within the truck segments increased in value […] [Read More]

A mid-September morning in Wilmington, N.C., feels a lot like Auto Remarketing’s previous visit to the D&E Mitsubishi grounds back in January Sunny skies, pleasantly warm. Auto dealers milling about, bidding on and buying cars from the Manheim auto auction sale happening on the property. Except this time around, instead of cars running through an […] [Read More]

BSC America hosted its first regular sale at its new Bel Air Auto Auction facility last month. Several county and elected officials, including Harford County executive Barry Glassman joined the Nichols family for a formal ribbon cutting event just before the auction opened the doors for its first sale. Following the sale, the Nichols Family […] [Read More]

Manheim California recently announced that it has planned another trip to Valley High School in Santa Ana, Calif. for the third year of its “Flip this Car” project, which shows auto shop students how to recondition cars and auction them off to expand their understanding of career options in the automotive industry. The program provides […] [Read More]

While the September used-vehicle sales projection might not show it, dealers are certainly bracing for additional sales stemming from hurricane-damaged vehicles that need to be replaced. And it’s reflecting in how prices are moving, according to the latest this week’s Black Book Market Insights report. Editors found that prices for both compact cars and crossovers […] [Read More]

Janet Barnard has been named the new chief people officer of Cox Automotive, and Grace Huang has been chosen as the new president of Cox Automotive Inventory Solutions, which includes Manheim, among other brands. Rock Anderson, who had been chief people officer, is retiring. Both Barnard and Huang will move into their new roles Monday. […] [Read More]