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Evolution of the auction: Digital offerings, data provide transparency, efficiency & more opportunities
Today, wholesale buying and selling is driven by more than gut feeling and experience. Fred Stark, CarMax’s regional vice president of auction services, said today’s decisions are driven instead by data. “There is still a savviness needed in this industry, but a lot of it is more geared toward algorithms and just more data-driven all […]
Evolution of the auction: Wholesale industry still built on brick-and-mortar
What it means to be an auction is changing. Some of these shifts have happened over the years, while others seem to have occurred overnight. Consider the current environment: Digital used-car retailer Carvana now owns ADESA’s U.S. auctions and has launched inspection and reconditioning centers. ACV started as a digital platform but is now a […]
Publicly traded wholesale vehicle marketplaces show strength in 2026
As the National Auto Auction Association reported last month through its AuctionNet data, the opening six months of 2026 marked the strongest first half for auction vehicle sales in seven years. There were nearly 3.7 million vehicle sales at AuctionNet-participating auctions, the highest first-half tally since 2019. Drilling down into the most recent results from […]