Copart announced Thursday the expansion of its New Orleans location, which marks the company’s 12th expansion this calendar year. "So far in 2017, we've expanded locations as far west as California, as far east as New Hampshire, and several in between," Copart chief executive officer Jay Adair said in a news release. "Across the United States, each expansion […] [Read More]

Auto Remarketing’s Best Auctions to Work For, which is sponsored by CARS Recon, is a free workplace study for the auto auction industry that recognizes the best auto auctions to work for on an unranked basis. It is designed and intended for individual auction locations — not corporate or headquarter offices. It is absolutely free […] [Read More]

Damage by the horrific hurricanes impacting the United States during the past two weeks is starting to influence what Black Book is noticing at the auction. This week’s Black Book Market Insights report showed a little strengthening in the wholesale space; most likely due to dealers looking to begin replacing damaged or destroyed vehicles caused […] [Read More]

The Appraisal Lane announced an expansion into the Upper Midwest on Tuesday that gives the company a presence from the entire Eastern Seaboard on into Pennsylvania, Ohio, Illinois, Michigan, Indiana, Wisconsin and Minnesota. The Appraisal Lane is built around a mobile app designed to connect car dealers to appraisers and buyers in a community so […] [Read More]

KAR Auction Services chief economist Tom Kontos spent the past few days poring over data and information that he’s encountered in connection with Hurricane Harvey; a storm meteorologists are calling a 1,000-year flood event. Kontos explained in a special edition of the Kontos Kommentary there are four primary considerations for the automotive industry to understand […] [Read More]

With Hurricane Irma remaining a dangerous storm, Manheim regional vice president for the Southeast Mark Ford shared an update on Wednesday afternoon regarding how the company plans to handle the storm projected to impact Florida as early as Friday. Ford indicated the following Manheim locations in Florida will be closed on Friday, including: Manheim Fort […] [Read More]

Entrepreneur and former auction industry executive Steve Simon has joined the board of directors at CARS Recon, the company announced this week. Simon was the founder and chief executive officer of the American Auto Auction Group, which was established in 2010 and then rebranded to XLerate Group in 2014. Simon, who retired in 2012, was […] [Read More]

As August closed and the quality of vehicles in the lanes deteriorated a bit, the new Black Book Market Insights report showed vehicle values didn’t soften quite as much as they had earlier in the month. Beginning with volume-weighted car data, editors determined that overall car segment values declined by 0.36 percent last week. In […] [Read More]

Auto Remarketing has learned that Greg Thibault, vice president of fleet disposal at Avis Budget Group, is retiring next month. Longtime dealer group executive Mark Zurales, who has been vice president of fleet remarketing since he joined Avis Budget in January, will take on Thibault’s duties (in addition to his current duties) once Thibault retires […] [Read More]

Vehicle transport and logistics provider United Road has been acquired by The Carlyle Group. Terms of Carlyle’s purchase of United Road from Charlesbank Capital Partners were not disclosed. The Carlyle Equity Opportunity Fund II provided the equity for the deal, which was announced Tuesday. Kathleen McCann will continue as chief executive officer of United Road, […] [Read More]