Copart has announced the expansion of its location in Indianapolis. “We are excited to expand in Indianapolis and enhance the member experience by making more inventory even more accessible to Copart members in the area,” said chief executive officer Jay Adair. Copart also has Indiana facilities in Hammond and Fort Wayne. Copart’s patented VB3 technology links sellers to more than 750,000 members […] [Read More]

Greg Thibault and Todd August met while working at the Alamo Rent A Car location at the Los Angeles International Airport in 1984. Some 30-plus years later, the pair is front-and-center of the national remarketing organization at Avis Budget Group, a company they each have called home for two decades. Thibault, who joined Avis Budget […] [Read More]

As the 2016 NAAA Convention and National Remarketing Conference comes to fruition, I would like to reflect on some historical perspectives regarding industry conferences. Over the past 25 years, our conferences proliferated in the early years — NAAA National, NAAA Zone, CARS, NRC, IARA, NIADA, NADA and many other alphabet soup designations. Of course, the […] [Read More]

Jerry Hinton, the general manager of ADESA Portland, applauds the auction business for its willingness to adapt, no matter the challenge. But to be fair, the incoming National Auto Auction Association president has a bit of resiliency of his own. You see, Hinton and his wife, Dawn, have been busy with their bucket list as […] [Read More]

ACV Auctions has announced that Michael Waterman is the company’s new vice president of sales. Waterman, who began his career managing dealerships, has been part of the auto industry for more than 20 years. He most recently served in product and sales management roles with DealerSocket, Dealertrack and ADESA. "Michael's success working with dealerships is proven," […] [Read More]

Depreciation slowed a bit last week for both cars and trucks. According to Black Book’s weekly Market Insights report, overall car values (volume weighted) decreased by 0.53 percent, which was lower than the average rate of 0.75 percent seen in the previous four weeks. Overall trucks values, also volume weighted, decreased by 0.58 percent last […] [Read More]

A retired farmer and auctioneer who is a champion for America’s Wounded Heroes raised $15,706 toward the cause during GAA Classic Cars’ recent three-day sale. Ivan Stoltzfus is travelling across the U.S. on a 1948 John Deer Model A with the goal of raising $1 million to benefit veterans’ organizations that support physical and mental […] [Read More]

More of the consignment at ADESA has moved toward the commercial side, and that has led to an increase in the revenue that company generates from each unit — whether that car is being sold online or in the auction lane. That’s according to comments made by Jim Hallett, chief executive officer of parent company KAR […] [Read More]

Cox Automotive chief economist Tom Webb reiterated many of the foundational blocks of how the Manheim Used Vehicle Value Index is constructed when explaining why the October reading came in the way it did. Manheim indicated wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) dipped 0.7 percent in October, while non-seasonally […] [Read More]

It started with a letter in the mid-1990s. Now working with 50-plus auctions and various companies in the car business, TPC Management Co. celebrated its 20th anniversary this summer.   “When we opened our doors in 1996 we could not, in our wildest imagination, have conceived of all the companies and projects we would become […] [Read More]