Lynnway Auto Auction named a new vice president of national account sales, and appointed to that position is a former leader at ARI and State Line Auto Auction, Jeff Bennett. “It is with great pleasure that we welcome Jeff Bennett to Lynnway Auto Auction,” said company president James Lamb.  “His many years of experience in the […] [Read More]

ADESA named a new vice president of finance operations and general manager of the ADESA business offices in Mesa, Ariz. Amy Carlson, with 16 years of business experience in finance and operations and five years of experience at ADESA’s Mesa office, takes on the new role effective immediately. She reports to Paul Lips, the executive vice president of operations and finance […] [Read More]

Analysis from Black Book and Manheim for how the wholesale market behaved in August showed somewhat similar conclusions even though the exact figures each company shared differed slightly. As the Manheim Used Vehicle Value Index retreated for the fourth month in a row, Black Book data showed the average price of a used vehicle for […] [Read More]

Only 11 percent of the wholesale value adjustments last week were increases, according to Black Book, which indicated that this ratio has not been this small in nearly 11 months. After recapping in-the-auction-lane comments from editors in his weekly video report, Black Book editorial director Ricky Beggs said: “The resulting analytical efforts and actual value […] [Read More]

Hertz Global Holdings chairman and chief executive officer Mark Frissora has resigned from his position for personal reasons, the company said in a statement Monday morning.    Appointed by the company’s board of directors to serve as interim CEO is Brian MacDonald, the president and CEO of Hertz Equipment Rental Corp. Appointed as independent non-executive […] [Read More]

Copart recently announced the top three winners of its first-ever Copart Rebuild Challenge, a contest designed for enthusiasts and auto rebuilders to show how they restored, customized or rebuilt a vehicle. Copart members from across the country submitted their rebuild projects for a chance to win the $10,000 grand prize. A panel of Copart judges […] [Read More]

Several of Manheim’s Northeastern locations from Philadelphia to Albany, N.Y., provided their time and support to various Ronald McDonald Houses in their areas over the summer. More than 20 of the company’s members participated in the over-40-year heritage of the Ronald McDonald Houses, giving support to families of injured and ill children. The teams gathered […] [Read More]

There was a small concentration of vehicles that GE Capital Fleet Services found challenging to sell earlier this year.  So, in response, the company launched an incentive package for its online wholesale buyers, through which if a buyer purchased three of those vehicles, he or she would receive a buyer’s fee discount that GE Capital […] [Read More]

Gary Mott likens the vendor management capabilities of his company’s Fleet Guru product partially to the concept behind the cross-platform car buying and selling in the remarketing industry. Mott, who is vice president at FLD Inc., talked with Auto Remarketing earlier this summer about the Fleet Guru vendor management system as well as the company’s […] [Read More]

As we wrapped up August in the lanes last week, prices continued to trend downward — creating an optimum buying environment at auction, said Black Book’s Ricky Beggs. And it was a busy week at the auction, too, the Black Book editorial director said in his latest “Beggs on the Used Car Market” video report. […] [Read More]