If you run a dealership — an independent operation or especially a franchised store — and you haven’t already been a buyer on Copart’s platform, Jay Adair wants that situation to change as soon as his company’s $1.9 billion acquisition of ACV Auctions closes and the wholesale enterprises synergize. The Copart chief executive officer elaborated […] [Read More]

Copart has signed a definitive agreement to acquire ACV in a deal valued at approximately $1.9 billion. Under the agreement, which was announced Thursday afternoon, Copart would acquire all outstanding shares of ACV common stock for $10.50 share in cash, representing implied equity value of $1.9 billion. Adding ACV gives Copart a “new growth vector,” […] [Read More]

From Sept. 28 through Oct. 1, the NAAA World Remarketing Convention will return to Seattle after over 20 years. According to National Auto Auction Association president Eddie Lafferty, bringing the event, which will be held at The Westin Seattle, back to the city is the perfect setting for a gathering that focuses on the auto […] [Read More]

Nuance and context. Two words to bear in mind when viewing the latest monthly wholesale vehicle value indices from Black Book and Cox Automotive, respectively. Starting with Black Book, its Used Vehicle Retention Index came in at 144.3 in August, down 1.2% from July and off 1.5% year-over-year. This was the third straight month of […] [Read More]

The Final Four of the NCAA Men’s Basketball Tournament is scheduled to be played in Atlanta in 2031. Set to unfold much sooner in that city is the championship competition in the auto auction world. The National Auto Auction Association announced on Tuesday that Greater Atlanta Auto Auction (GAAA) has been selected as the host […] [Read More]

At the 2026 World Remarketing Convention in Seattle this fall, Tommy Rogers will be inaugurated as new National Auto Auction Association president. He is currently president elect of the NAAA. If not for his wife, Tommy Rogers might not even be working in the auction industry. Having grown up bagging groceries as a part-time job, […] [Read More]

Holman now has acquired full ownership of ARIZA, its former 50/50 joint-venture with Corporacion Zapata. It’s a move that expands Holman’s fleet management business in Mexico, offering customers in the country and across North America a seamless, fully integrated cross-border fleet management solution. According to a news release distributed on Tuesday, the ARIZA name will […] [Read More]

Carvana is bringing Inspection and Reconditioning Center capabilities to its ADESA Brasher’s auction in Rio Linda, Calif., the online used-car retailer said Tuesday. Doing so will add reconditioning capacity to the auction as well as a new inventory pool in Carvana’s national network. This means a broader selection of retail used cars for consumers across […] [Read More]

Tammy and John Swofford are auto auction industry superstars. Both have had long careers in the industry which included several stints working for the same company and now working for competitors. They’ve handled both situations with their characteristic humor. Currently, Tammy is senior director, national sales and marketing for Auto Auction Holdings. John is vice […] [Read More]

Every dealership sources inventory somewhere, but the channels do not behave the same way. New-vehicle allocation is set by the manufacturer, not the store. Auction supply is broad, but the margin available there has thinned considerably. Trade-ins remain the most familiar channel, yet they represent a smaller share of available inventory today, and competition for […] [Read More]