This is a developing story and will continue to be updated. KAR Global has signed a definitive agreement to sell all of its ADESA physical auction business in the U.S. to Carvana for $2.2 billion.  The all-cash deal would include all auction sales, operations and staff at 56 ADESA U.S. vehicle logistics centers in the U.S. Carvana […] [Read More]

Autosled reinforced its leadership team this week, as the company aims to make vehicle logistics/transportation more efficient and simpler through technology. Joining Autosled as vice president of business development is Bart Schuster, while coming aboard as vice president of data and analytics is David Darden. While Darden has arrived from outside the automotive industry, Schuster is […] [Read More]

It’s shaping up to be an unusual spring. Spring training isn’t the usual buzz because of the labor clash involving Major League Baseball. And Black Book is seeing wholesale values soften, even as IRS data shows a double-digit rise in federal income tax filings that often can fuel what happens in the lanes. [Read More]

E Automotive Inc. and its EBlock brand have purchased the FastLane Auto Exchange independent auto auction. The acquisition of FastLane, located in Mount Morris, Mich., expands EBlock’s footprint to the Midwest, and better positions the company for facilitating cross-border dealer-to-dealer transactions. “The acquisition of FastLane Auto Exchange uniquely strengthens our wholesale marketplace, EBlock, in both […] [Read More]

The International Automotive Remarketers Alliance has named a new systems and communications manager. Hired for the position is Nikki Jones, who will manage IARA’s website and membership system and head up management for IARA’s integrated learning and event systems. In a news release, IARA executive director Tony Long said: “Nikki took a brief hiatus from the […] [Read More]

We begin this auction news roundup in Ohio, where Value Auto Auction has named a new general manager. Appointed to the GM role at this Crooksville auction is Carrie Thomas, who was most recently director of sales. Thomas became director of sales last year after five years as an outside sales representative for the auction. […] [Read More]

The delicious chicken wings and cold beer you might have enjoyed for Super Bowl Sunday likely are long gone, but Black Book’s experts are seeing the potential for something tasty cooking at the auction, with values declining at a pace much higher than seen before the pandemic. After considering the data Black Book shared in […] [Read More]

“You don’t normally see quite this big a rollercoaster ride on these lines, but the last two years threw all the rules out the window. So, everyone’s kind of reacting.” While this quote from Joe Miller could really apply to any aspect of wholesale automotive (or society in general?), the vice president of client experience […] [Read More]

Digital auto auction EBlock has expanded to the Southeastern U.S. The company said Thursday that beginning Feb. 22, dealers in Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, Virginia and West Virginia will be able to utilize the dealer-to-dealer auction platform. EBlock launched in Canada in 2015 and entered the U.S. market in 2019. […] [Read More]

During a week where the online wholesale vehicle market has been front-and-center, Vehicle Acquisition Network had some news of its own to share Wednesday. The company, which gives dealers an avenue to source used vehicles from private parties, named a new chief operating officer.  Appointed to the position was Mark Curcio, who has been with […] [Read More]