It’s an unseasonably warm winter morning at the coast of North Carolina, and a vehicle resembling something between a food truck and an RV has set up shop in a parking lot with a satellite dish fixed to the roof. But this is no tailgate party. It’s actually a Manheim mobile auction at D&E Mitsubishi […] [Read More]

While the price performance of compact cars caught the attention of editors this past week, Black Book personnel at the auction also noticed activity in the lanes picked up considerably during the second full week of 2017. The latest Black Book Market Insights report showed compact cars retaining their values better than most segments last […] [Read More]

Greater Erie Auto Auction recently announced that the operation has promoted Ryan Russell to assistant general manager/sales manager. Russell, who was formally a territory sales representative for the auction, brings more than 15 years of auction experience to his new role.  Russell came to Greater Erie AA six years ago as he previously worked for ADESA […] [Read More]

Auction Management Solutions (AMS) recently announced that the firm has partnered with Central Auto Auction (CAA) of Hamden, Conn., for business development consulting. In explaining why he made this move, CAA owner Peter Saldamarco said, “We are very excited to be a part of the AMS group of auctions. We have spent a lot of […] [Read More]

Copart recently expanded its Chicago North location where sales occur at noon every Thursday. “The Chicago North expansion is a great addition to our network in the Chicago area where we currently have four locations serving our members and sellers,” Copart chief executive officer Jay Adair said. "This land allows the capacity to continue growing […] [Read More]

CARS Recon announced that three of its executives have transitioned into new roles on Thursday. Kay Hudson, one of the honorees among the 2016 Women in Remarketing, left her role as chief operating officer on Jan. 1 to become the managing director of international vehicle services. Philip Hill, formerly the company’s vice president of finance, is […] [Read More]

Cox Automotive announced on Wednesday that it has promoted John Kovac to executive vice president and chief marketing officer and Rock Anderson Jr. to executive vice president of people strategies. Kovac a 17-year Cox veteran, took on the role of senior vice president of marketing at Cox Automotive when the division of Cox Enterprises launched in […] [Read More]

Looking at information for the first full week of 2017, the newest Black Book Market Insights Report detailed steeper declines in value for several segments — with three in particular catching editors’ attention most. Registering the most significant price drops last week were sporty cars, luxury cars and crossovers. Conversely, Black Book noticed compact vans […] [Read More]

One of the key benefits of bringing AmeriFleet into the fold, say MetroGistics executives who talked with Auto Remarketing ahead of Monday’s merger announcement, is having the capability of what is known as “final-mile delivery.” MetroGistics Holdings and Tailwind Capital, which owns a majority stake in MetroGistics, announced the purchase of AmeriFleet on Monday. With […] [Read More]

From at least a mathematician’s perspective, 2016 closed with Manheim noticing the least amount of volatility since the auction company created the Manheim Used Vehicle Value Index more than 20 years ago. Manheim reported on Monday that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased by 0.2 percent in December, which […] [Read More]