Black Book is working with a vehicle upfitter to put a number on the value of its modified products. The provider of automotive pricing and analytical services is integrating with Fox Factory Vehicles, an upfitter/modifier of performance trucks, cars, vans and SUVs for Ford, Chevrolet, GMC, RAM, Jeep and Mercedes Benz, to enable dealerships, lenders […] [Read More]

Carvana’s growing list of combined auction-reconditioning facilities will soon include one in the New York area. The online used-car retailer said it’s adding an inspection and reconditioning center to ADESA Long Island in Yaphank, N.Y. — the 10th such integration to be added in 2025 — which the company said will expand recon capacity and […] [Read More]

As Carolina Auto Auction was hosting its regular weekly sale on a Wednesday morning in late September, CEO Eric Autenrieth and general manager Vann Humphrey were some 900 miles away in Kansas City, Mo., attending the National Auto Auction Association’s World Remarketing Convention. No worries —the Williamston, S.C., auction is set up to run like […] [Read More]

OPENLANE has named longtime finance executive Bill Wright as vice president of investor relations to serve as the primary liaison communicating OPENLANE’s vision, strategy and growth to stockholders and the broader financial community. “Bill is a seasoned IR leader with a proven track record delivering results that drive stockholder value,” OPENLANE executive vice president and […] [Read More]

America’s Group is wading further into the Gulf Coast. The auto auction group said Monday it has acquired Lake Charles Auto Auction, a Louisiana business which has served dealers in the region since 1991. The auction, founded by Mike Pedersen, has featured more than 530,400 consigned vehicles and sold more than 291,000. It has more […] [Read More]

Dealers Auto Auction Group, which currently has 10 auctions located primarily in the Southeast, believes it can double its footprint in the next five years, group executives told Auto Remarketing at the National Auto Auction Association’s World Remarketing Convention here last week. The Franklin, Tenn.-headquartered group has locations in Arkansas, Tennessee, Mississippi, Alabama, and Georgia, […] [Read More]

Super Dispatch has introduced a tool designed to solve a wait-y problem. The auto transport management platform unveiled Instant Transfer, an embedded real-time payment tool for carriers. The company said Instant Transfer allows verified carriers to receive funds from shipper-initiated payments in seconds — 24/7/365, including nights, weekends and holidays. In a news release, Super […] [Read More]

Using the description “quality over quantity” happens often inside and outside of automotive. Black Book also used it to recap last week’s wholesale scene, which had values soften by 0.39%. And the auction conversion rate slid by 3 percentage points to 56%. “Wholesale activity last week underscored the industry’s ‘quality over quantity’ dynamic,” Black Book […] [Read More]

Holman is giving its auction platform an edge. The dealership group/automotive services company has partnered with wholesale technology provider Auction Edge to boost Holman’s EquipmentDirect platform, which specializes in the resale of vehicles, commercial equipment such as trailers and forklifts, heavy-duty construction units and other industrial assets. “Our mission,” Auction Edge CEO Dan Diedrich said, […] [Read More]

ADESA announced the addition of new general managers for two of its Florida auctions. Anthony Marino joins the auction chain as the new GM of ADESA Ocala, following 20 years with DriveTime, most recently as general manager and head of operations. Marino was responsible for 12 Florida and Georgia locations, driving sales growth, improving customer […] [Read More]