The folks at the Greater Rockford Auto Auction are set to reopen their lanes in grand fashion on Wednesday. GRAA’s auction facilities have experienced a complete reconfiguration and remodel recently, which included moving and rebuilding all of its auction blocks as well as a complete refresh of the entire sales arena. The updates also include a […] [Read More]

As supply continues to grow, with over 800,000 off-lease vehicles expected to enter the remarketing cycle next year, average vehicle price retention is expected to weaken in 2016. While 2014 to 2015 had some of the strongest vehicle retention in recent memory, this trend will start to reverse beginning next year, according to a report […] [Read More]

Remarketing company FLD Inc. announced Thursday an internal promotion to fill the role of chief financial officer. Taking the reins of CFO is Rita Miller, who joined the company as a comptroller in 2008. According to FLD, in her new role, Miller will now be more involved with projections in budgeting, assisting with the introductions […] [Read More]

Listen up, folks. The same old wholesale trends you have come to expect this year are changing — and changing fast. Those watching the auction lanes this year have seen the truck segments outperform their smaller counterparts throughout most of 2015, but over the course of November, trucks started to lose a bit of their […] [Read More]

Amid quickly approaching holidays and the close of another year, the International Automotive Remarketers Alliance has a reminder for those looking for something new in 2016: Membership enrollment in IARA begins Jan. 1. IARA is encouraging existing and prospective members to visit its website to take advantage of the January membership enrollment. Current members simply […] [Read More]

As you're likely aware, it’s not just the U.S. that is seeing a booming used-car market. India, in particular, appears poised for “accelerated growth” — nearly 167 percent, to be more precise — on the pre-owned side. Bearing that in mind, Cox Automotive announced a strategic investment in a division of Mahindra Group that includes […] [Read More]

ADESA announced just before Thanksgiving that Heather Greenawald has been named its vice president of legal. ADESA indicated Greenawald will report to KAR Auction Services executive vice president, general counsel and secretary Becca Polak and to ADESA president and chief executive officer Stéphane St-Hilaire. In her new role, Greenawald will lead ADESA’s legal team and […] [Read More]

Coinciding with the release of its first-quarter performance for its 2016 fiscal year, Copart tapped a new senior vice president of finance and chief financial officer on Tuesday; an executive who will take over the position effective Jan. 4. Copart’s new CFO will be Jeffrey Liaw, who has served as the chief financial officer of […] [Read More]

A wide array of wholesale industry news developed in recent days, including a new philanthropic award handed out by Cox Automotive, a milestone at Dealers Auto Auction of the Southwest and a leadership change at EPI El Paso. During the accolade-filled luncheon at the National Remarketing Conference, Cox Automotive presented its inaugural Community Impact Award […] [Read More]

Barrett-Jackson’s got a momentous celebration in the works to celebrate its 45th anniversary, scheduled for the last nine days of January. Best known for its collector car auctions, Barrett-Jackson has already announced several headline listings for its event slated for January 23-31 at WestWorld in Scottsdale, Ariz. Two of these collectibles will include a 1939 […] [Read More]