Last week marked the end of spring and the beginning, perhaps, of a steadier wholesale vehicle market. According to the latest Market Insights report from Black Book, the decline in wholesale prices for the week ending June 21 was 0.37%, down from the prior week’s decline of 0.47%. That followed an accelerated decline to ... [Read More]

Montway Auto Transport has shipped more than 1 million vehicles since it was founded in 2007, compiling more than 80,000 five-star reviews, an A-plus Better Business Bureau rating and a Net Promoter Score of 75 in the process. It has appeared on the Inc. 5000 list six times, including the past four years, and was […] [Read More]

Auto Auction Holdings is ready to grow. The company has added new general managers for three of its auctions as part of its strategic decision to expand its commercial footprint, an area it said had not previously been a primary focus. In a news release, AAH said Jerry Barker has come on board as GM […] [Read More]

The National Auto Auction Association’s World Remarketing Convention will feature Bo Jackson as its closing keynote speaker. But while Bo might know baseball and football, NAAA knows golf. As part of the convention, set for Sept. 22-25 at the Loews Kansas City Hotel in Kansas City, Mo., the association is hosting the 2025 AutoTec Invitational […] [Read More]

RunBuggy made an award-winning addition to its board of advisors on Wednesday. Announced through a post on LinkedIn, the auto logistics platform welcomed John Messiha in an advisory capacity. Messiha is head of loss mitigation at Bridgecrest and was the recipient of the Loss Mitigation Executive of the Year Award at Used Car Week 2024. […] [Read More]

Going counter to the recent trajectory seen by Black Book, Cox Automotive is watching wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) moving higher. That’s at least looking at the first 15 days of June compared to May. Analysts reported on Wednesday that the mid-month Manheim Used Vehicle Value Index rose 1.7% […] [Read More]

Along with highlighting a continued decrease in wholesale prices and a sagging auction conversion rate, Black Book’s newest Market Insights released on Tuesday pinpointed six specific vehicle segments that made the most significant value moves in the lanes last week. Overall, Black Book reported wholesale prices declined 0.47%. And analysts said bidding activity also slowed […] [Read More]

Fast-growing America’s Group is adding to its leadership team with two new vice presidents. The parent company of America’s Auto Auction and AXLE Funding has promoted Melissa Miller to vice president of marketing and Summer Ernsberger to vice president of customer experience, moves the company said reflect its “ongoing commitment to recognizing talent and advancing […] [Read More]

After the strongest month in nearly five years, wholesale auction sales were “substantially more muted” in May, but still up more than 3% from a year ago. And though down double-digits from pre-COVID level, year-to-date sales are performing favorably compared to 2024. That’s according to the latest AuctionNet data and commentary from the National Auto […] [Read More]

To a casual observer, Manheim Detroit seems a bit chaotic. People scurrying between moving cars. People peering into and under the hoods of cars. Cars lined up as far as the eye can see. Manheim Detroit is part of the Manheim auction chain and what looks like chaos to the untrained eye in reality is one part of a vehicle-selling powerhouse ... [Read More]