Carmoza Auto Transport already has one of Chrysler’s former top executives as president, and now the company has a chief executive officer who used to hold a high post at Ford. Named this week to the CEO role at Carmoza was Randy Ortiz, who previously oversaw all of Ford’s sales, production, distribution and dealership activities […] [Read More]

In addition to switching an executive from Insurance Auto Auctions over to ADESA, KAR Auction Services is taking advantage of local and state tax incentives to expand its headquarters and related work force. This week, president and chief executive officer Jim Hallett revealed the company will create up to 249 new jobs by 2015. While KAR […] [Read More]

October represented a record month for used-vehicle prices, which climbed double digits from a year ago and also showed the third-strongest month-over-month upswing this year, according to RVI Group. Not only that, but it marked the first time since April that the year-over-year upswing did not slow down from the previous month. [Read More]

Though they showed a year-over-year softening of 6 percentage points in October, Canada’s wholesale prices moved ahead of the September level, as three of four segments showed month-over-month gains, according to OPENLANE’S latest Canadian Market Index. Specifically, the Canadian Market Index was 102 in October, down from 108 in the year-ago period and up from […] [Read More]

After gaining feedback from the industry and its Client Advisory Board, which includes a cross section of consignors and dealers, SmartAuction has launched several initiatives to enhance its platform. One of the aspects of the enhancement is ramping up communication with dealers by sending alerts about vehicles that might fit their inventory needs. [Read More]

In the last day of NRC, workshops will take precedence. The topics to be covered include a sneak peek into what 2011 might bring, a 2010 residuals report, some market updates from Experian Automotive and much more. The day kicks off at 8 a.m. (PST) with breakfast. [Read More]

In Thursday morning’s keynote address, several top industry executives and dealers took to the stage to discuss the state of the market and what they are doing to drive success. The panel covered "Why Resale Values Are Critical to the Automotive Industry’s Long-Term Success." [Read More]

The Wholesale Institute, Manheim’s free traveling workshop series that helps dealers achieve profit goals through online wholesaling, announced during NRC it has launched a newly designed website featuring expanded content and advanced online training opportunities.   [Read More]

The second day of the National Remarketing Conference is filled with a keynote panel, as well as panels covering iRemarketing, certified pre-owned, subprime repossessions and a special presentation honoring Women in Remarketing. The day will kick off with a keynote address covering Why Resale Values are Critical to the Automotive Industry’s Long-Term Success. [Read More]

The final panel of the opening day of the National Remarketing Conference was a keynote panel featuring top remarketing executives, including Jeannie Chiaromonte, of Bank of America; Horacio Trujillo, of Mercedes-Benz Financial; Dan Kennedy, of GM Remarketing; and Bob Graham, of ARI. [Read More]