MetroGistics has hired Terry Mollica as director of business development. His duties will include helping to expand MetroGistics’ presence to its growing customer base, with a focus on the remarketing segment. Mollica has more than 18 years of sales and marketing experience, including the automotive, captive finance remarketing and consumer industries. Prior to joining MetroGistics, he was the […] [Read More]

Don’t underestimate the power of Mickey Mouse. David Vignes would know. Vignes — the executive vice president of enterprise optimization at KAR Auction Services — spent more than 15 years with The Walt Disney Co. “You look at Mickey in the park and you see people jumping on him, because if you can get a […] [Read More]

Trucks literally are carrying the pricing load, according to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class. ADESA’s Tom Kontos reported on Tuesday that wholesale used-vehicle prices in June averaged $10,556, which was down 1.5 percent compared to May but up 3.3 percent relative to June of last year. […] [Read More]

Insurance Auto Auctions, a business unit of KAR Auction Services, announced a 10-acre expansion of its Culpeper, Va., facility. The now 32-acre facility highlights IAA's strategic expansion in the growing industry. The company explained the expansion in Culpeper will allow customers to select from a larger inventory of vehicles with increased convenience, while also providing […] [Read More]

By standards here in the Carolinas, it doesn’t feel particularly hot outside at this late-May, mid-morning auction sale. But still, the glass-door refrigerator next to the auction block at Manheim Darlington has a few handfuls of water bottles, free for the taking. The auction offers free water and utilizes mist-spraying swamp coolers in the lanes, says […] [Read More]

Auction Simplified, a provider of online vehicle auctioning systems, has announced a new feature: high-definition multi-lane simulcast, which it says is designed for independent auctions and franchised dealer groups already holding traditional lane sale auctions. “Up until now we focused on helping dealers start their own auction. With the addition of lane manager in March and now, […] [Read More]

Global online vehicle auction company Copart has announced the opening of a location in Cartersville, Ga., the company’s seventh location in that state. “We are excited to announce our new Georgia location and expand our inventory and services to members in this area,” Jay Adair, chief executive officer of Copart, said in a news release. […] [Read More]

While circling back as to how current wholesale price levels might impact movements during the second half of the year, Cox Automotive chief economist Tom Webb acknowledged scores of vehicles currently are sitting at auction because they have an open recall and cannot be sold. The situation might become even more obvious depending on how […] [Read More]

Columbus Fair Auto Auction announced that it has created its own compliance department, citing the need to designate resources to safety, environmental and other important regulatory issues. “We’ve recognized the need for a centralized approach for our compliance efforts and feel that we are in turn being progressive for auctions of our size,” Greg Levi, […] [Read More]

The average price of a used vehicle for model years 2011-2015 fell by 1.7 percent during June, following 0.5 percent depreciation in May — typical of seasonal patterns, according to Black Book. Cars in June saw noticeably higher depreciation (2.2 percent) than trucks, which saw 1.3-percent depreciation for the month. All vehicles are averaging a […] [Read More]