During his company’s latest earnings conference call, Jim Hallett said he didn’t have any acquisition news to share, but the KAR Auction Services chief executive officer did hint at what may be in the pipeline. “So, with that I have nothing to announce today, but I would say that over the coming months you should […] [Read More]

Remarketing of America announced recently that ADESA Sioux Falls is its first national auction of the year ROA BlueAward winner. The award is given to auctions who are ranked based on their performance against ROA’s productivity scorecard. The five areas of service, according to ROA, are: Percentage of sell price compared to MMR Time (days) […] [Read More]

As Dealers Auto Auction of Oklahoma City celebrated Mardi Gras in February, staff members at Flint Auto Auction — who are no strangers to snow and cold temperatures, being located in Michigan — successfully tackled the latest winter event that impacted much of the U.S. When Mother Nature drops a lots of snow all at […] [Read More]

On the surface, the statistics certainly suggest strong retention. There was a 3.6-percent month-over-month increase and a 2.4-percent year-over-year gain in wholesale prices last month, according to the latest data from ADESA Analytical Services. Based on this growth, it’s a valid assumption that this means the wholesale market is conditioned to take on the kind […] [Read More]

The fact that the date of his upcoming retirement, April 1, coincides with the prank-happy holiday is purely a coincidence. “To start with, that’s not an April’s Fool’s joke,” Ricky Beggs told Auto Remarketing by phone on Tuesday afternoon in his first interview since his retirement was announced.  Yes, the senior vice president and editorial director at […] [Read More]

Black Book announced Tuesday that senior vice president and editorial director Ricky Beggs will retire on April 1 after a 34-year career. “It has been an honor to work alongside Ricky who truly has become an industry legend,” said Black Book president Tom Cross. “His legacy of leadership and his dedication to excellence have left […] [Read More]

XLerate Group — which rebranded itself from American Auto Auction Group during last fall’s Used Car Week — brought on a new chief financial officer on Monday. Joining XLerate after holding posts at organizations such as Auction Broadcasting Co. is Tom Schuler, who now is CFO for the dealer-centric auctions with physical and satellite sale […] [Read More]

Against comparable weeks of 2014, overall auction volume was up 10.7 percent in January, according to the latest Economic Dashboard compiled by NAAA economist Ira Silver. And when drilling down into the group of vehicles up to eight years old — whose volumes were up 8 percent year-over-year on a like-age basis, according to NADA […] [Read More]

Tax season is continuing to drive price retention in the lanes as refunds start streaming in. According to Black Book editorial director Ricky Beggs, the season “continues to bring positive numbers and helped drive the largest number of necessary (price) adjustments in a weekly period in over a year.” During the latest “Beggs on the […] [Read More]

Manheim announced on Friday that it has appointed a new general manager at its location in Darlington, S.C. Previously the assistant general manager of Manheim Phoenix, Danny Brawn has been named as the general manager at Manheim Darlington. “Our goal at Manheim is to continue to recognize top talent and ensure they are positioned to […] [Read More]