Tuesday, April 30, 2019 - 9:47am

Auto Remarketing Staff

Continuing its busy schedule of recent acquisitions and expansions of its existing auctions, Copart on Monday announced the opening of a new location in Fredericksburg, Va. The facility, located at 4717 Massaponax Church Road in Fredericksburg, will serve Copart customers from Washington D.C. and from Richmond and... Read More

Monday, April 29, 2019 - 3:51pm

Auto Remarketing Staff

The National Auto Auction Association has launched a new website that it says will help job seekers connect with member auto auctions that have jobs to fill. The association said in a news release that AutoAuctionJobs.com is a free resource that provides information about careers in the industry and links to auction job... Read More

Thursday, April 25, 2019 - 4:18pm

Patrick Brennan, Manheim

Wholesale used-vehicle auction environments are often described as “organized chaos.” Hundreds of cars are moving through physical lanes in less than a minute with multiple lanes operating simultaneously. Auctioneers are engaging the energetic crowds while buyers are listening for prices, inspecting the... Read More

Thursday, April 25, 2019 - 3:58pm

Daryl Lubinsky, Correspondent

Floor plan financing tends to be a necessary cost of doing business for dealers in acquiring the inventory they need. But which vehicles dominate floor plan financing? New data from NextGear Capital, a Cox Automotive company, shows various trends, but one in particular stands out: Trucks and sedans remain extremely... Read More

Thursday, April 25, 2019 - 3:50pm

Arlena Sawyers, Correspondent

Liza Myers Borches, chief executive officer and president of Carter Myers Automotive in central Virginia, believes the way dealers wholesale used vehicles is “due for a change.” That’s why her 13-store dealership group turned to ACV Auctions — an app-based, digital dealer-to-dealer marketplace... Read More

Wednesday, April 24, 2019 - 2:56pm

Auto Remarketing Staff

EY describes its Entrepreneur of the Year award as “the world’s most prestigious business awards program for entrepreneurs.” EY started the award 33 years ago, and says it is now recognized globally. It honors “the most outstanding entrepreneurs who inspire others with their vision, leadership and... Read More

Wednesday, April 24, 2019 - 1:48pm

Auto Remarketing Staff

GM Financial values its auction partners, and Brad Bollman — who is the GM Financial senior vice president of remarketing solutions for North America — said in a news release that those auctions support his company’s remarketing objectives “day in and day out.” GM Financial’s recent... Read More

Tuesday, April 23, 2019 - 2:53pm

Auto Remarketing Staff

Insurance Auto Auctions has appointed Vance Johnston chief financial officer. Johnston, who most recently served as CFO for SP Plus Corp., will report to IAA chief executive officer and president John Kett. Kett said Johnston’s experience in leading finance teams and working toward operational efficiency will help... Read More