Wholesale
PODCAST: Cars Commerce’s Brian Kramer on harvesting service drive for valuable inventory
Friday, May. 9, 2025, 11:51 AM
Auto Remarketing Staff
Brian Kramer said the dealership service drive “is like an oil reserve of valuable inventory.” During his keynote presentation at this spring’s Auto Intel Summit, now available in this episode of the Auto Remarketing Podcast, the executive vice president at Cars Commerce and general manager of AccuTrade shared recommendations for how managers can tap into […] [Read More]
Pushed by tariffs, wholesale vehicle prices bounce to 18-month high
Wednesday, May. 7, 2025, 04:14 PM
Joe Overby, Senior Editor
In the wholesale car market, the “spring bounce” was more like the long jump this year. Driven by tariff-hurried demand, prices leapt, pushing the Manheim Used Vehicle Value Index to its highest level in 18 months, according to Cox Automotive. “The ‘spring bounce’ normally ends the second week of April, but this year, wholesale appreciation […] [Read More]
Lane watch: Auctions wrap up ‘strong’ April
Wednesday, May. 7, 2025, 02:47 PM
Auto Remarketing Staff
Fueled in part by tariffs, Black Book summarized April since its latest installment of Market Insights covered the week that included the last day of the month. As the calendar flipped, analysts watched wholesale prices rise another 0.24% as last week’s auction conversion rate came in at 61%. “The market continued to see week-over-week increases […] [Read More]
Click-Ins brings AI inspection technology to Turn’s wholesale marketplace
Tuesday, May. 6, 2025, 02:55 PM
Auto Remarketing Staff
Click-Ins is partnering with Turn Automotive to bring its patented artificial intelligence-powered vehicle inspection platform to Turn’s digital wholesale marketplace for dealers and consumers. The collaboration will use Click-Ins’ technology to augment Turn’s appraisal process. “We went into the discussions with Click-Ins having tested nearly every solution in the market,” Turn Automotive founder Marc Steiner […] [Read More]
ACERTUS names new COO & CFO
Tuesday, May. 6, 2025, 02:46 PM
Auto Remarketing Staff
ACERTUS has a new chief operating officer and a new chief financial officer. The automotive logistics-as-a-service company said Tuesday that Alisha Buelt has been promoted to COO and Michael DeLuca has been hired as CFO. Buelt has been with ACERTUS for 15 years and was most recently senior vice president of global strategy. She was […] [Read More]
America’s Group drives growth with purchase of Augusta Auto Auction
Monday, May. 5, 2025, 01:57 PM
Auto Remarketing Staff
Based on their scorecard so far this year, America’s Group announcing an acquisition is par for the course. The budding wholesale giant took another M&A swing Monday with the purchase of Augusta Auto Auction, its fifth acquisition of 2025. The auction, located on five acres in North Augusta, S.C., was founded nearly four decades ago […] [Read More]
ADESA Clear digital auction platform expands to 45-plus locations
Wednesday, Apr. 30, 2025, 04:09 PM
Auto Remarketing Staff
ADESA Clear, the digital wholesale auction product of Carvana’s auto auction subsidiary, has expanded in a big way. The platform launched in late 2023 and grew regionally last year and the early months of 2025. And now it includes vehicles sold from more than 45 ADESA auto auction locations and Carvana inspection and reconditioning centers. […] [Read More]
Lane watch: Tariff impact still sifting through auction world
Wednesday, Apr. 30, 2025, 01:31 PM
Auto Remarketing Staff
While President Trump made a pair of proclamations on Tuesday modifying tariffs to reduce “a cumulative effect or ‘stack’” on imported vehicles and parts, Black Book reported earlier in the day about how much previous decisions impacted the wholesale market. Black Book said wholesale prices rose another 0.63% last week with the auction conversion rate […] [Read More]
Black Book adds 3 sales leaders to team
Monday, Apr. 28, 2025, 03:46 PM
Auto Remarketing Staff
Black Book has added three new sales leaders to its team. Rick Evans has joined the vehicle data and analytics provider as director of captive and lender licensing, and Andrew Ferrara and Brent Fosnaught have come on board as directors of automotive licensing. “These talented individuals bring the innovative leadership needed to deliver next-generation solutions […] [Read More]
Auction news: Adcock named NAAA Warren Young Fellow; Bridgecrest’s auction honorees
Monday, Apr. 28, 2025, 02:09 PM
Auto Remarketing Staff
World champion auto auctioneer Michael Adcock has joined the ranks of Warren Young Fellows. Adcock was presented the honor by the National Auto Auction Association last week during the 2025 World Automobile Auctioneers Championship’s dinner and draw event at Manheim Phoenix in Tolleson, Ariz. Adcock, a third-generation auctioneer, became the youngest world champion auto auctioneer […] [Read More]
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