Even though CarMax suffered a decline in comparable-store used unit sales during the second quarter, the company still posted gains in net sales and operating revenue. CarMax indicated Thursday that its second-quarter net sales and operating revenues jumped 11 percent to $2.59 billion from $2.34 billion in the second quarter of last year. However, the […] [Read More]

One of AutoRevo’s co-founders now is in charge after the company revealed Thursday co-founder, president and chief executive officer Chad Polk has left the company. Replacing Polk as president is Mark Hoffman, the company’s other co-founder who also was chief technology officer. Hoffman emphasized the change in management at AutoRevo — a provider of dealer […] [Read More]

The National Automobile Dealers Association revealed its 2012 chairman and vice chairman on Wednesday after the board of directors held a vote the previous day in Washington, D.C. Appointed to serve as chairman for next year is William Underriner, who currently serves as vice chairman of NADA. Meanwhile, the board also elected David Westcott to […] [Read More]

IntelliChoice and AutoPacific revealed Thursday the winners of the 2011 Motorist Choice Awards at the Orange County International Auto Show. A domestic OEM saw the most vehicles on the list, with Ford touting four, including the Expedition, which topped the list in three different categories. Also of note, repeat winners included the Dodge Ram HD […] [Read More]

Despite the declining trend in the wholesale industry, Auction Broadcasting Co.’s chief executive officer revealed to Auto Remarketing that his group’s auctions are seeing consistent year-over-year volume growth. Talking in percentages, Mike Hockett reported total units sold are up 17.5 percent year-over-year, with most of the growth coming from dealer consignments — up 26.5 percent […] [Read More]

ServNet owners traveled in full force to Chicago this week for the National Auto Auction Association convention. And in just two more weeks, the group will welcome its new president Charles Nichols, president of BSCAmerica, which operates two ServNet auctions. Jeff Brasher, owner of Brasher’s Reno Auto Auction and Tallahassee Auto Auction, will be assuming […] [Read More]

The National Auto Auction Association revealed this year’s winner of the Bernie Hart Memorial Auctioneer Award. Taking home the honors is Col. Paul Behr. Named in honor of Bernie Hart, who served as NAAA’s executive director for more than 30 years before retiring in 1988, the annual award recognizes the industry’s most visible person. Behr […] [Read More]

While deflecting questions about the depth it might eventually venture into the whole-car space, Copart highlighted how many segments of its 2011 fiscal year performance climbed by double digits. Before going into specific numbers, chief executive officer Jay Adair told investment analysts on a conference call Wednesday that “it seems like the year has been […] [Read More]

Two of ADESA’s auctions in the Western U.S. have gained new general managers, the company revealed Wednesday afternoon. Appointed to be the new GM at ADESA Las Vegas is Theo Jelks, who held that same role at ADESA Los Angeles since 2009. The new GM for ADESA Los Angeles is Chad Ruffin, whose time with the […] [Read More]

Dealers who want free strategy recommendations on how to navigate the fourth quarter can get them from Ricky Beggs and Tom Webb as a part of the upcoming Webinar from the Pre-Owned Automobile Dealers Alliance. The next session of Pre-Owned LIVE is scheduled for next Thursday beginning at 2 p.m. ET. The Webinar titled, “Used […] [Read More]