At Used Car Week this past fall, Joe Overby sat down with Joe Miller and Venkat Krishnamoorthy of AutoIMS to talk about the company's “Simplifying Auction Charges” whitepaper released this fall.  Plus, Miller and Krishnamoorthy discuss the next steps in auto industry disruption/digitalization and 20 years of AutoIMS.  Check out the conversation below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  […] [Read More]

For dealers who are finding used subcompact crossovers in demand at their stores, the latest analysis from Black Book showed they didn’t have to dip quite as much into their floor-plan funds last week to acquire these units. This week’s Black Book Market Insights report showed subcompact crossovers depreciating the most out of cars and trucks. […] [Read More]

Kelley Blue Book announced Tuesday that the Toyota and Porsche brands are the 2018 model-year brand winners of the annual Best Resale Value Awards. Its Porsche's second consecutive luxury brand Best Resale Value award, and Toyota takes it’s third-ever win, following recognition for top brand in 2014 as well as last year.  The awards are in their […] [Read More]

Hundreds of independently owned, non-chain auto auctions dot the U.S. landscape, each a unique business unto itself. As is the case in many industries, an individually owned auto auction often faces a different set of challenges than, say, a corporately owned business or chain of businesses. Keeping up with evolving and rapidly scaling technology on a […] [Read More]

Cox Automotive announced Tuesday that it has promoted Zach Hallowell to vice president of Manheim Digital Marketplace and RMS Automotive, and expanded the role of Derek Hansen as vice president of offsite solutions. Hallowell has extensive experience in the global wholesale automotive industry, which includes over 15 years spent developing and evolving SaaS platforms to […] [Read More]

Copart announced in that it has purchased San Antonio’s former Safe Tire Disposal Corp. facility at 11150 Applewhite Road with plans to clear the 36-acre property of over one million abandoned tires. It was found that the site housed over one million tires following a 2014 state investigation by the Texas Commission on Environmental Quality, […] [Read More]

Safety is front and center at today’s brick-and-mortar auctions — and with good cause. The reason we have such a laser focus on safety is, in my opinion, a micro versus a macro view of this very important issue. The tragedy at the East Coast auction was horrendous, given the relatively safe environment that has […] [Read More]

While the past year showed stronger-than-expected retention rates overall, Black Book’s Used Vehicle Retention Index still fell 0.7 percent from 115.0 to 114.1 last month, following a rise in November.  In addition to the first decline in the last four months, this is also the lowest tally for December since 2010 when the Index was at […] [Read More]

AutoTec announced Monday that it has promoted John McElrath to president of Red Mountain Technologies (RMT), a subsidiary of the company that provides vehicle history data to auto auctions and insurance carriers. McElrath most recently served as RMT vice president of sales and joined the company in 1998. “John has been instrumental in Red Mountain Technologies’ […] [Read More]

Used-vehicle supply and demand, the economy, and interest rates and credit are among the market dynamics driving wholesale used-vehicle sales and prices.  They were also frequently cited as trends to watch in 2018, by analysts, remarketers and others who attended Used Car Week in November. The National Auto Auction Association held its 69th annual convention […] [Read More]