Continuing an ongoing conversation with consignors, this episode of the Auto Remarketing Podcast originating from this spring’s Auto Intel Summit highlights how these wholesale market participants are leveraging innovation. Sharing their perspectives are John Urness of JPMorgan Chase, Stevo Trpovski of Ally, Kelsey Summs-Chitwood of Summs Skip and Collateral Solutions and Tom Gerst of TD […] [Read More]

A quartet of auction executives discussed remarketing in the “innovation era” during this spring’s Auto Intel Summit. Now available through this episode of the Auto Remarketing Podcast, addressing this topic are Greg Borowski of ACV Auctions, Nikki Behrens of ADESA, Joe Kichler of Cox Automotive and Chris Angelicchio of the ServNet Auction Group. Listen to […] [Read More]

United Road has promoted one of its own to lead it. The company, which claims the title of North America’s largest provider of finished vehicle logistics, has named Ryan Kraft as its new CEO, citing his “dynamic vision and deep institutional knowledge.” Kraft has been with United Road for more than 15 years, rising through […] [Read More]

Sales of electric vehicles at auction hit an all-time high in March, according to the National Auto Auction Association. And then? The very next month, EV sales jumped about 20% higher than that record. Specifically, there were ... [Read More]

Black Book reported on Tuesday that wholesale prices for both cars and trucks have now increased for nine consecutive weeks, which includes the stretch when values often peak then level off going into summertime. With overall prices climbing another 0.11% last week, Black Book also mentioned in its newest installment of Market Insights that the […] [Read More]

April was the strongest month for wholesale auction sales since the early days of COVID-19, driven by a surge in dealer sales not seen in over a year-and-a-half, according to the National Auto Auction Association. In its latest AuctionNet data and analysis, NAAA said there were 652,315 wholesale auction unit sales last month, which beats […] [Read More]

With the U.S. government’s stance on tariffs resembling a game of seesaw, yet with the net effect likely to push vehicle prices higher, automotive dealers who already understand the importance of mastering both inventory management and customer portfolio strategy will be a step ahead. The market is shifting fast, and those who can pivot quickly […] [Read More]

Another former Tesla executive has joined the leadership team at Plug. The company, which provides an online wholesale auction platform exclusively for electric vehicles, said Monday it has hired Lauren Van Dyke as its vice president of operations and partnerships. Van Dyke was most recently head of business operations for North America at Tesla, leading […] [Read More]

George Chamoun briefly touched on ACV Auctions’ “Project Viper” during the opening comments of the company’s first quarter earnings call , but he later expanded on the potential of the service product during the Q&A portion. “I never, ever in my entire career have had a product where I’ve had this much demand,” Chamoun, who is CEO of ACV, said Wednesday.  ACV has described Project Viper as ... [Read More]

Repairify has hired former OPENLANE executives Srisu Subrahmanyam and Keith Crerar as the company’s new CEO and chief transformation officer, respectively. Subrahmanyam, the new Repairify CEO, was most recently executive vice president of operations at OPENLANE, where he also was president of services and international markets. “As a longtime customer of asTech and BlueDriver, I’ve […] [Read More]