When gas prices shot up in the first half of 2022, so did demand for used electric vehicles. Their auction values rose accordingly. Used hybrid values also rose as demand for less gas-hungry vehicles surged.  When gas prices began to ease, EV values at auction also softened, George Chamoun, CEO of online auction ACV, tells […] [Read More]

As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcasts featuring general sessions from Used Car Week in November. Our next special episode features the second in a two-part series on "What's Happening in Vehicle Consignment." Moderated by Cherokee Media Group's Nick Zulovich, this panel […] [Read More]

Look at any transaction at an auto auction.  It always involves a car dealer. “Period. That’s absolutely inarguable,” says Garrison Hudkins, the 2023 president of the National Auto Auction Association and president of Southern Auto Auction in Connecticut. “But in today’s world, there’s a dealer usually on both sides of the transaction,” he said. “And […] [Read More]

As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcasts featuring general sessions from Used Car Week in November. Our next special episode features the first in a two-part series on "What's Happening in Vehicle Consignment." Moderated by Cherokee Media Group's Nick Zulovich, this panel […] [Read More]

Less than two weeks after announcing a merger with Auction Direct Transport, Montway Auto Transport made another move in the wholesale auto sector on Tuesday. The third-party logistics company announced a partnership with digital remarketing technology provider Auction Edge, through which more than 55,000 dealers and more than 175 auctions can order transportation services from […] [Read More]

While Black Book shared its usual wholesale price trends, perhaps what intrigued analysts most during the second week of 2023 was the quick impact Tesla’s price decision involving new models left on the OEM’s used electric vehicles. Black Book said in the newest installment of Market Insights released on Tuesday that “the big news will […] [Read More]

CarOffer said Monday it has upgraded its inspection procedures to facilitate a wholesale buying and selling experience that is designed be “transparent, consistent and reliable.” CarOffer is offering pre-purchase inspections from certified technicians via strategic partners that would offer a detailed vehicle condition evaluation. Those evaluations include OBD-II scans, mechanical and electrical inspections, analysis of […] [Read More]

In this special episode of the Auto Remarketing Podcast, we feature a discussion at Used Car Week between Copart's Yoker Vidal and Dennis Weber about "The Future of Auction Remarketing." Stay tuned for more podcasts from UCW panel discussions as they become available. To listen to the conversation, click on the link available below. Download and […] [Read More]

National Auto Auction Association CEO Tricia Heon has resigned, the trade group said Thursday, and Paul Lips will serve as interim executive director. Heon had been with NAAA a dozen years and previously was its chief operating officer. “With the deepest of gratitude for her many years of commitment and contributions, the Board of the […] [Read More]

Dealers definitely didn’t start 2023 by buying every vehicle that rolled over the auction block, according to Black Book’s newest installment Market Insights released on Tuesday. In fact, Black Book said the estimated average weekly sales rate came in at 45% last week, as wholesale prices softened another … [Read More]