Wholesale
PODCAST: 5 leaders on auto auction buy-sell market
Tuesday, Jan. 21, 2025, 02:28 PM
Auto Remarketing Staff
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a panel discussion exploring the auto auction buy-sell market. Led by Cherokee Media Group’s Joe Overby, the group of experts sharing an array of perspectives on the topic included: —Tom Stewart of Auction Management Solutions —John […] [Read More]
PODCAST: 1-on-1 with ACV CEO George Chamoun
Monday, Jan. 20, 2025, 02:31 PM
Auto Remarketing Staff
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a fireside chat, featuring George Chamoun, the CEO of ACV. Chamoun shared anecdotes about his family, the early portions of his professional career and what could be happening at ACV and elsewhere in the wholesale market. […] [Read More]
PODCAST: 1-on-1 with Grace Huang of Cox Automotive
Monday, Jan. 20, 2025, 02:30 PM
Auto Remarketing Staff
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a fireside chat, featuring Grace Huang, who is president of inventory solutions at Cox Automotive. Along with projecting what might be happening at Cox Automotive and elsewhere in the wholesale market. Huang shared anecdotes about her […] [Read More]
America’s Group buys AuctionVcommerce
Monday, Jan. 20, 2025, 06:00 AM
Auto Remarketing Staff
Arguably the most active buyer of brick-and-mortar auto auctions in 2024 has now made a purchase on the technology side of the business. America’s Group said Monday it has bought AuctionVcommerce, a tech platform provider in the auto auction space. The move continues the expansion of America’s Group, which purchased Z66 Tulsa Auto Auction, Motley’s […] [Read More]
Study finds undetected transmission issues could cost industry billions
Friday, Jan. 17, 2025, 10:23 AM
Auto Remarketing Staff
CarDr’s diagnosis shows issues that could be costing the used-car industry more than $7 billion. The latest diagnostic study from the automotive diagnostic and appraisal technology provider, using data from CarDr’s on-board diagnostic scanner, found more than 5.5% of all vehicles analyzed had undetected transmission-related issues. The company’s report extrapolated that over the 7.3 million […] [Read More]
NAAA Cybersecurity Task Force begins work with quick start guide for auctions
Friday, Jan. 17, 2025, 09:28 AM
Auto Remarketing Staff
The National Auto Auction Association’s newly created Cybersecurity Task Force has completed its first task. The group, which was created in October following the NAAA World Remarketing Convention, launched its Cybersecurity Essentials for Auctions, an ongoing series of resources to provide information and guidance on cybersecurity protections for NAAA members. The first of those resources […] [Read More]
From the Editor: First-generation Americans thriving as auction CEOs part of vibrant fabric to ‘this amazing nation’
Thursday, Jan. 16, 2025, 03:13 PM
Joe Overby, Senior Editor
Roughly once a month, my three siblings and I get together on Google Meet for the “Overby Sibling Book Club.”
Yes, we are that cool.
It’s a tradition we started in the early days of COVID and have spent the last five years taking turns selecting the book each go-round.
As you might expect, the discussion usually morphs from sharing our opinions on the book to ... [Read More]
COO Perkovich named new president as RPM founder steps down from CEO role
Wednesday, Jan. 15, 2025, 01:51 PM
Auto Remarketing Staff
There’s change at the top at RPM. The automotive logistics provider announced Barry Spilman, the company’s founder and CEO, will transition from that role to serve on board of directors. Under his direction, the company has grown from a startup in 2012 to a consistent top 50 freight brokerage and top 100 logistics provider, RPM […] [Read More]
Lane watch: Conversion rate jumps & depreciation accelerates
Wednesday, Jan. 15, 2025, 01:49 PM
Auto Remarketing Staff
Black Book noticed two of the most important trends in the wholesale market made notable moves during the first full week of the year. Analysts said last week’s auction conversion rate rose to 60%, while wholesale values dropped by 0.81%, resulting in the largest single-week overall price decline since mid-December 2023. “Auction activity was robust […] [Read More]
PODCAST: Talking transportation with Casey Harmon of RunBuggy
Tuesday, Jan. 14, 2025, 01:55 PM
Auto Remarketing Staff
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Casey Harmon, who is senior vice president at RunBuggy. Harmon shares his perspectives about how the transportation sector is handling the demands of dealers, consignors and other clients who sometimes want vehicles […] [Read More]
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