The National Auto Auction Association has a new chief executive officer. Replacing Frank Hackett, who is retiring from the position after 17 years as CEO, is Tricia Heon, who was previously NAAA’s chief operating officer. Heon will be the first woman CEO in NAAA’s 73-year history. “This marks a milestone for NAAA and for the […] [Read More]

Investors have a renewed interest in the automotive technology space, and as a result, the industry is experiencing a record amount of investment activity.  At this year’s Used Car Week in November, we are excited to announce the launch of the National Auto Venture & Investors Conference (NAVIcon). Teaming with Steve Greenfield, the founder of […] [Read More]

Cherokee Media Group president Bill Zadeits connects with Paul Seger, who is the current president of the International Automotive Remarketers Alliance. Paul provides a preview of the IARA Summer Roundtable, celebrating its 20th Anniversary next month at the San Antonio Marriott Riverwalk. He also provides some insights on the wholesale market. To listen to this […] [Read More]

The September edition of Auto Remarketing will celebrate the National Auto Auction Association, the auto auction industry at large and NAAA's annual convention. One of the features in this special issue is the annual “Auction Life” photo spread, where we invite NAAA-member auctions to submit photos of daily auction life from the past year. If you and your […] [Read More]

The Senate wrangling over the nominee to be the new director of the Consumer Financial Protection Bureau became even more intense this week. The dozen Republican members of the Senate Banking Committee sent a letter to Rohit Chopra stemming from what they believe is his refusal to respond to a Congressional request seeking information about […] [Read More]

American Recovery Service (ARS) recently expanded its executive team by promoting Cortney Osborne to be chief services officer. With nearly 20 years of industry experience and moderator of the Women in Auto Finance honoree panels during Used Car Week, ARS highlighted that Osborne has been instrumental in the company’s substantive growth. Throughout her career, the […] [Read More]

As part of the September NAAA Convention issue of Auto Remarketing, we are launching a new project: High-Performance Auto Auctions.  Essentially, this is a roundup of "Auto Auction of the Year"-type awards from consignors, auction groups and other industry stakeholders. We are spotlighting the award-winning auctions throughout the industry.  For example, if you are a consignor, this […] [Read More]

Manheim said Thursday it has opened its first-ever physical auction location n in Northwest Ohio with the launch of Manheim Montpelier. The auction, which held its grand opening sale Tuesday, was formerly Montpelier Auto Auction, which appears to have previously been closed. A Manheim spokesperson said via email that this would not be considered a […] [Read More]

Though the buying “frenzy” slowed last month, certified pre-owned sales in the first half of 2021 beat year-ago figures by 18% and bested first half-half figures from 2019 — a record year — by 4.3%. That’s according to a Cox Automotive analysis of Motor Intelligence data included in a Data Point report this week. Specifically, […] [Read More]

Here’s another positive development — especially for dealerships — that has surfaced because of the pandemic. J.D. Power said vehicle owners remain vastly loyal to their specific brands, in part due to the effects of pandemic lockdowns. Experts made that assertion as part of the J.D. Power 2021 U.S. Automotive Brand Loyalty Study released on […] [Read More]