Dealers Auto Auction Group vice president John Swofford has been elected vice president of the National Auto Auction Association for the 2025-2026 term. Swofford, who was elected during the all-member meeting at this week’s 2025 NAAA World Remarketing Convention in Kansas City, Mo., has been part of the auto auction industry for more than three […] [Read More]

Wednesday marked several milestones for industry leaders during the 2025 NAAA World Remarketing Convention in Kansas City, Mo. The National Auto Auction Association added its newest Hall of Famer and honored two more Industry Pioneers. NAAA also installed its new president and highlighted a charity donation given in honor of the outgoing president. NAAA recapped […] [Read More]

Black Book reported that auction conversions averaged 59% last week, which was down 2% from previous week. Analysts explained the dynamics in play, saying that overall movement is “reflecting selective buyer appetite and continued seller resistance. “Performance varied widely,” Black Book continued in its newest edition of Market Insights released on Tuesday. “Some closed and […] [Read More]

America’s Group VP of merger and acquisitions Chris Elliott recently explained how the company evaluates potential acquisitions, emphasizing elements such as “a strong reputation,” and “a good quality staff.” Evidently America’s Group found another auction that met those criteria, as on Wednesday the company announced the acquisition of Mid-State Auto Auction, located in New York […] [Read More]

Mike Browning, who has been with Cox Automotive for 20 years and previously served as president of the National Auto Auction Association, has a new role with Manheim. On Tuesday, Manheim named Browning as associate vice president of industry operations to serve as a strategic liaison between Manheim and its independent auction partners, while also […] [Read More]

The National Auto Auction Association got its annual convention started on Tuesday by honoring four executives as Warren Young Fellows. According to a news release, Tommy Rogers, Nate Simonson, Butch Herdegen, and Ray Priest have been recognized by the association for their contributions and distinguished service to the wholesale industry following their term as president […] [Read More]

After retiring from ADESA a little more than a year ago, Tom Kontos is back in the auction business. Auto Auction Holdings president Joaquin Muvdi announced on Tuesday that Kontos joined its executive leadership team as the analytics advisor. Established in 2003 and based in Fort Lauderdale, Fla., AAH is a provider of auto auction […] [Read More]

Steady prices and stable volume. That’s the crux of information from the first 15 days of September included in the mid-month Manheim Used Vehicle Value Index, which technically increased from 207.4 in August to 207.5 at this month’s midpoint. While the month-over-month change in wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) […] [Read More]

America’s Group, which has been among the market leaders in auction M&A as of late, is aiming to boost its physical auction count to 60 in the near-term, says Chuck Tapp, CEO of America’s Group. The auction group, which currently has 46 physical locations along with a handful of mobile auction sites, is eyeing “sometime […] [Read More]

In the wake of gaining full ownership of Alliance Inspection Management this month, Cox Automotive is moving to up its inspection game. Cox’s Manheim Auctions has announced the formation of two new teams designed to “deliver a seamless, unified experience” for dealers and commercial clients across all channels. The Manheim Mobile Inspections team — which […] [Read More]