Auction Management Solutions (AMS) continued to add to its client roster on Monday as the firm now has partnered with Greater Erie Auto Auction in Erie, Pa., for business development consulting. Started in early July by industry veterans Tom Stewart and Richard Curtis, AMS now has eight auction partners, including DAA Chattanooga, DAA Murfreesboro, DAA Memphis, […] [Read More]

Following a study conducted by the Best Companies Group, Auto Remarketing has announced the honorees in the inaugural Best Auto Auctions to Work For. Auto Remarketing, teaming with Best Companies Group (BCG) in Pennsylvania, underwrote the workplace study. BCG staff administered all of the surveys, then analyzed the data from the group of auctions choosing to […] [Read More]

ADESA has announced changes to its management teams at ADESA Orlando and ADESA Los Angeles, effective immediately. Theo Jelks, previously general manager of ADESA Los Angeles, will lead ADESA Orlando as general manager. Jeff Brinkley, previously assistant general manager at ADESA Indianapolis, will step into the role of assistant general manager. “Theo is a proven leader […] [Read More]

Perhaps contrary to dealers who do not have unlimited floor-plan availability, Cox Automotive chief economist Tom Webb said “wholesale pricing is not exceptionally high” even as the Manheim Used Vehicle Value Index moved higher for the fourth consecutive month. Wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased in July by […] [Read More]

Copart has announced the expansion of its location in San Antonio. Earlier this year, Copart purchased locations in Temple and Wilmer, bringing the total number of Texas locations to 14. “We are excited to expand our location in a community we are already a part of,” said Jay Adair, chief executive officer of Copart. “This […] [Read More]

It’s not just the retail operations of dealerships that are being impacted by the Takata airbag stop-sale. There is also a “backlog” of cars that would otherwise be hitting the wholesale market, KAR Auction Services chief executive Jim Hallett said during his company’s earnings call Wednesday. KAR is the parent company of auction company ADESA. […] [Read More]

Commercial consignment for ADESA was up 24 percent year-over-year in the second quarter, helping to lift the auction company’s vehicle sales by double-digits, parent company KAR Auction Services said Wednesday. The number of vehicles sold via ADESA climbed by 18 percent year-over-year in Q2. Excluding numbers from acquired locations, sales were up 9 percent, with […] [Read More]

Black Book on Wednesday announced an agreement to be one of the trade appraisal resources for online car-buying platform GoGoCar. GoGoCar will now be able to leverage Black Book appraisal and valuation data for its customers. Powered by Black Book, GoGoCar will allow dealers to obtain accurate trade appraisal data on any vehicle offered during […] [Read More]

With a couple of pockets where dealer activity in the lanes seemed a little more upbeat, Black Book summarized that wholesale prices moved at a “humdrum pace” to close out July. This week’s Black Book Market Insights report noted car segments depreciated at nearly double the percentage of trucks this past week. Also, midsize car […] [Read More]

Columbus Fair Auto Auction's recent decision to establish a compliance department was an easy one, given the arguably dizzying pace at which regulatory issues across a variety of domains have accelerated since the 2010 signing of the Consumer Financial Protection Act and the bureau that grew out of it.  “We recognize our consignors, customers, partners, vendors and employees […] [Read More]