RPM Freight Systems has been acquired by private equity firms Bluejay Capital Partners and Trive Capital. RPM was founded in 2011 and provides transportation management solutions to new and used-vehicle finished logistics and other specialized freight markets in North America and Europe. Barry Spillman is the company’s founder and CEO. “As we enter our next […] [Read More]

Last month, Xander Schauffele won the PGA Championship at Valhalla Golf Club in Louisville, Ky., securing the first-ever major championship for the golfer currently ranked No. 3 in the world. Monday, fresh off a tied-for-seventh finish in the U.S. Open, Schauffele scored another victory: a two-year partnership to be an ambassador for the AVIS car […] [Read More]

America’s Group said Monday it has acquired San Antonio Auto Auction from BA&W Enterprises Ownership Group. The move extends the auction company’s footprint to 39 locations across 19 states, including digital and mobile sales platforms, as well. San Antonio AA is located on 44 acres in Texas and includes a six-lane arena, reconditioning facilities and […] [Read More]

Understanding the perspective from the other side of a business transaction — or even the other side of an organization’s operations — can be quite valuable, especially in an industry weaving as many moving parts and niche silos as wholesale automotive. Stephanie Compton, who is vice president of asset remarketing for Exeter Finance, has built an award-winning career on the consignor side of the business, including being named by Cherokee Media Group as the 2023 National Remarketing Executive of the Year and a 2020 Women in Remarketing honoree. But she has also walked a mile (or several miles, on sale days) in the shoes of folks who would now call her a customer: the auto auction ... [Read More]

At the beginning of May, new-vehicle inventory was estimated at 2.84 million, which was 51% higher year-over-year and at the highest point since late 2020, according to vAuto Live Market View. And Black Book is saying that automakers are sending more volume to the wholesale market, too, even as analysts saw an accelerated depreciation rate […] [Read More]

On this episode of the Auto Remarketing Podcast, Super Dispatch founder and CEO Bek Abdullayev takes us behind the scenes of the company’s next-generation marketplace. Abdullayev shares more about how the approach to solve the challenges in the logistics vertical of fraud and trust issues, the rise of artificial intelligence and the need for central […] [Read More]

Carmigo and VINCUE announced a partnership designed to give users of both platforms greater access to live data and a wider array of wholesaling options. The integration allows Carmigo users to view recent retail transactions and average retail price for cars listed on Carmigo, powered by VINCUE’s live market data. Carmigo will power VINCUE’s RetailScore, […] [Read More]

To put the easing in wholesale vehicle prices into perspective, consider these two streaks. The Manheim Used Vehicle Value Index has decreased on a year-over-year basis for 21 consecutive months. And in May, the index fell below 200 for the second straight month, reaching levels not seen since early 2021. The index came in at […] [Read More]

Commercial consignment is not only driving up overall wholesale auction sales, but also commanding a greater share of the overall market. That’s according to AuctionNet data from the National Auto Auction Association shared with Auto Remarketing. Through May, there have been 2.89 million vehicles sold at auction this year, which beats year-ago figures by 9%, […] [Read More]

Manheim built its latest auction from the ground up. The national auction giant partnered with TR Group to establish 4 Star Auto Auction in Valley, Ala., a new location on nearly 22 acres that operates two auction lanes with the ability to expand to three as needed. The $4.2 million facility uses Manheim’s technology, expertise […] [Read More]