ACV Auctions has reeled off two straight months of best-ever sales for the digital auto marketplace, while also notching several other milestones in June. In May, ACV sold 31,350 of 45,000 unique wholesale units listed, then followed that up by selling 40,242 of 53,000 units in June. “It’s now apparent that the shift to digital […] [Read More]

In this episode of the Auto Remarketing Podcast, Cherokee Media Group president Bill Zadeits chats with Copart vice president and head of marketing Michelle Hoffman and Yoker Vidal, who is the senior director for Copart's non-insurance division. They discuss how being online for 17 years helped the company once COVID-19 hit and how Copart has […] [Read More]

While no financial endeavor is invincible, it turns out the brand and business acumen of actor/producer Mark Wahlberg might be the perfect storm for success in the auto industry. It was announced Monday that Wahlberg and his business partner, car dealer Jay Feldman, have purchased a Buick-GMC store and an RV/Airstream store in Columbus, Ohio that are across […] [Read More]

Auction Academy is carrying on with its training program, but participants will be relegated to computer screens for the remainder of the year. Auction Academy president Penny Wanna announced on Monday that its current Class 6 Group will gather via a virtual classroom. Furthermore, the group’s previously scheduled quarterly meetings for 2020 are being replaced […] [Read More]

The Advantage Rent a Car bankruptcy gave SIXT a chance to enhance its U.S. footprint for renting its premium fleet of vehicles. According to a news release distributed just before the holiday weekend, a Delaware bankruptcy court approved SIXT taking over 10 airport branches in the United States from Advantage Rent a Car. Starting most […] [Read More]

Like so many shops connected with auto financing, federal regulators are working in virtual environments, too. Just before the holiday weekend, the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) announced they will host joint, virtual innovation office hours later this month as part of the American Consumer […] [Read More]

Rodo — the online vehicle leasing startup and Emerging 8 honoree that first entered the marketplace known as Honcker — recently announced a partnership with Motus, a provider in reimbursement solutions for businesses with mobile-enabled workers. The companies explained their relationship is designed to simplify vehicle buying and financing through the Rodo app for the hundreds […] [Read More]

Last week, Equifax hired a former top executive from Cox Automotive. After being Cox Automotive’s first chief data officer for a little more than a year, Equifax announced the appointment of Luber as the new chief product officer for United States Information Solutions (USIS). Luber will report to Equifax USIS president Sid Singh. In keeping […] [Read More]

Twelve additional Manheim auctions will begin piloting the return of in-lane bidding this week, following the company’s initial pilot run at five locations. Dealers at the pilot locations are able to bid in-lane through Digital Block sales, which include in-lane bidding on site at Manheim auctions with a live auctioneer and simulcast. Vehicles remain stationary […] [Read More]

My how the tables have turned! This time, it is Joe and Nick who are interviewed on the Auto Remarketing Podcast. In this "reporter's notebook"-style episode, former sports broadcaster and current PA announcer/conference emcee extraordinaire Bill Zadeits talks to the guys about the surreal first half of 2020 in used-car retail, wholesale auctions and auto […] [Read More]