Bo goes. Suh subs. The National Auto Auction Association said Bo Jackson, scheduled to be the closing keynote speaker of the 2025 NAAA World Remarketing Convention next month in Kansas City, has canceled due to “unforeseen circumstances.” Replacing him in the lineup will be former NFL defensive tackle Ndamukong Suh, a five-time All-Pro and Super […] [Read More]

A month after showing the first year-over-year decline in auction sales volumes since December 2022, the wholesale vehicle market showed some strength in July, albeit with some sales disparity among segments and vehicle age groups. Through seven months of 2025, year-to-date wholesale sales at auction are up a little more than 6% year-over-year (selling-day adjusted), according to the latest AuctionNet data from the National Auto Auction Association. In July, auction sales climbed ... [Read More]

Conversion rates at auction remain strong and values are still beating year-ago figures, but wholesale prices slowed month-over-month in July, as the market began to see a bit more volatility. Those are but a few of the wholesale used-vehicle market happenings noticed by analysts at Black Book and Cox Automotive, which released their respective monthly used-car price indices this week. Starting with Black Book, its Used Retention Index came in at ... [Read More]

Perhaps amid chaos erupting at your dealership, finance company or personal household, the auction segment appears to be a place where the automotive industry can find some stability, based on the newest data and observations from Black Book. Analysts said in Tuesday’s edition of Market Insights that, “Depreciation in July surpassed typical seasonal levels, yet […] [Read More]

DAA Northwest’s 30th annual Rock & Roll Sale turned out to be more than a gathering for dealers and the auto remarketing industry. It was a rock reunion. In addition to the more than 1,350 customers and industry guests from across the U.S. and Canada, a surprise guest joined the festivities July 16-17 at the […] [Read More]

Auto Auction Holdings has unveiled a new look. The Florida-based company, which operates five auctions in the Southeast, has introduced a new logo, designed to reflect “AAH’s commitment to authenticity, accessibility and innovation” and symbolize its “dynamic role” in the auto auction industry. In a news release, AAH said the logo features “simplified letterforms and […] [Read More]

While depreciation is “roughly double” what Black Book often sees in July, analysts are also reporting that the auction conversion rate is staying near 60% so far this month. Those are the primary findings of Market Insights, which Black Book released on Tuesday. Analysts highlighted the wholesale segment sustained a 0.55% overall value decrease and […] [Read More]

Two of the industry’s most prominent independent auto auctions will soon fly under the Manheim banner. Cox Automotive, Manheim’s parent, said Tuesday it has signed a deal with BSC America to acquire the company’s Bel Air Auto Auction in the Baltimore area and its Tallahassee Auto Auction in Florida. The acquisition is expected to close […] [Read More]

Online wholesale EV auction platform Plug wants to work with brick-and-mortar wholesale auctions to offer more services to its consignor customers. It has already partnered with one auction and looks to aggressively add more. “We have found as we try to grow our footprint in commercial consignors that sometimes they need real estate to be part of the service,” Plug founder and CEO Jimmy Douglas told Auto Remarketing. For example, Plug’s customers include auto manufacturers and lenders who have ... [Read More]

Lance Vickery, whose long automotive career includes more than 20 years in leadership roles with CARFAX, has joined Montway Auto Transport as chief revenue officer for strategic growth. The third-party logistics brokerage said Vickery will be responsible for driving revenue growth and fostering long-term partnerships across the automotive sector by leading enterprise-level revenue strategies and […] [Read More]