Black Book didn’t officially declare arrival of the spring market, but analysts are quite intrigued about what’s going to happen at the auction during the next few days. Black Book based its expectations after watching wholesale prices soften just 0.25% during the week that closed on Saturday, two days after Punxsutawney Phil predicted six more […] [Read More]

RVI Group appointed a new chief financial officer on Tuesday, handing the position to James Bedard, who has more than 20 years of experience in finance, including business planning, financial modeling, expense management and distribution channel effectiveness. According to a news release, Bedard replaced David Klanica, who retired as of Dec. 31. Most recently, Bedard […] [Read More]

In an international move from the digital automotive wholesale company, KAR Global said Monday it has consolidated its ADESA UK and ADESA GWListe into ADESA Europe’s consolidated platform, where buyers can find vehicles from all areas on ADESA.eu. In a news release, Srisu Subrahmanyam, who is president of the KAR Services Group and executive vice […] [Read More]

Manheim announced a new general manager for its Manheim Lakeland location on Monday, as well as a new assistant vice president of reconditioning operations for the East and Southeast. Promoted to the Lakeland GM role was Catherine Woodall, who previously held the aforementioned recon AVP role. Chris Karwoski, who was most recently assistant GM at […] [Read More]

America’s Group and two of its auctions have taken home a few awards this year in the annual auction awards program at C&F Finance Company and C&F Remarketing. The overall group was named C&F Finance Company’s National Auction of the Year, while America’s Auto Auction Virginia Beach earned C&F Remarketing’s Auction of the Year honors and America’s […] [Read More]

Think of the used-car supply picture back in 2010 through 2012. These were the years in the aftermath of the Great Recession, automaker bankruptcies and, ultimately, new-vehicle sales tanking. “All you dealers out there that remember trying to get used cars, especially lease maturities back in 2010, 2011, they weren't there,” Jonathan Banks, vice president of […] [Read More]

Dealers Auto Auction Group said Monday it has promoted Stacy Brown to serve as the group’s vice president of digital sales. In this role, Brown will lead a team to drive growth in the DAAG digital platform across the U.S. Brown has been in the industry for more than 24 years and returned to her […] [Read More]

America’s Group has added to the management team of its America’s Auto Auction Charleston and America’s Auto Auction Savannah locations, announcing that Bo Baxter has returned to be the marketing and sales manager for the two auctions. Baxter was the marketing and sales manager for what was then Charleston Auto Auction between 2003 and 2008, […] [Read More]

Tuesday was the last day of January, but the experts at Black Book already are thinking about spring. They said that “early signs of a potential spring bump in the market are starting to emerge.” With wholesale prices softening only 0.50%, Black Book pointed out in the newest installment of Market Insights that those spring […] [Read More]

BacklotCars had one of the most active booths on Saturday during NADA Show 2023 in Dallas. That company that’s part of KAR Global auctioned off a 100% electric, liquid black LiveWire One motorcycle, raising more than $109,000 for the NADA Foundation’s Frank E. McCarthy Memorial Program that benefits Canine Companions. Canine Companions is a non-profit […] [Read More]