Battery electric vehicles were a tiny percentage of the wholesale market in 2023, but it is a market segment that is forecast to show exponential growth. Auctions are preparing with investment and training for more BEVs to enter their lanes. “We believe EVs are the future,” Stephen Smith, vice president of product and engineering at Cox Automotive, told Auto Remarketing. Manheim, Cox Automotive’s auction division, sold around ... [Read More]

SYCN Auto Logistics is beginning the new year by filling a new executive role with a professional whose career includes involvement with automotive retail, rental and financing. The full-service auto transport management solution offering technology and transportation services appointed Brett Lippel as its new chief partnership officer. Prior to joining SYCN Auto Logistics, Lippel served […] [Read More]

Some folks struggle to get back into the swing of full-time activity to begin the year, especially if they took significant time away for the holiday season. Evidently, the wholesale market might be experiencing the same back-to-the-grind struggles, according to the latest analysis from Black Book. Analysts indicated on Tuesday that wholesale values softened 0.68% […] [Read More]

Car shipping platform Super Dispatch was selected as a 2024 Merit Award Gold winner in the automotive and transportation program as Transportation Management Solution of the Year. The Merit Awards, founded in 2022, recognize businesses that have contributed to the continued growth of the market worldwide. Gold, silver and bronze award winners for various categories […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a panel discussion titled, “Innovation in Used Car Logistics: Technology and Sustainability.” The session included Casey Harmon of RunBuggy, Steve Greenfield of Automotive Ventures, Tracy Kaiser of Toyota Financial Services and […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features six auction industry executives for a discussion about digital wholesale and their outlook on the overall wholesale industry. The panel included: —Mike Caggiano of ADESA —George Chamoun of ACV —Jason Ferreri […] [Read More]

GROW is growing its reach to help women succeed in the auto remarketing industry. Global Remarketing Opportunities for Women, an organization founded in 2023 to expand the presence and leadership of women in the industry, announced it has established the AutoRemarketHER Exchange, a new series of online events designed to provide mentorship and networking opportunities. […] [Read More]

Black Book has bolstered its staff with two new hires and a promotion. The new additions are Eric Lyman as director of captive and OEM solutions, and Tommy Stewart as director of automotive licensing, both of whom have a long history in the auto industry. “Their extensive experience and proven track records in driving sales […] [Read More]

After a late fall juncture that generated multiple instances of vehicle segments dropping in value by 3% or more in a single week, Black Book watched the wholesale market finish 2023 with what analysts classified as “normal.” Black Book reported on Wednesday that wholesale values declined 0.68% during the week that stretched to the next-to-last […] [Read More]

OPENLANE wants to make damage detection clear and simple. That’s the company’s goal in introducing Visual Boost AI, a tool that produces damage detection overlays for every dealer-consigned vehicle in OPENLANE’s U.S. marketplace. The artificial intelligence-powered technology is designed to supplement vehicle inspection data by prominently highlighting detected exterior damage directly onto photos within the […] [Read More]