Wholesale

Shelly Frank of DAA of the Southwest and DAA of the Rockies, Kelly Bianchi of AuctionVcommerce and Sheila Tedesco of Lobel Financial recently teamed up to launch the “Global Remarketing Opportunities for Women” organization. Cherokee Media Group senior editor Joe Overby caught up with all three GROW co-founders at the recent IARA Summer Roundtable, where […] [Read More]

Carvana has ended August in a position to have a lot more breathing rooming financially. The online used-car retailer said Thursday it has completed its previously announced debt exchange with more than 96% of noteholders. This gives Carvana “significant financial flexibility as it continues to execute its profitability and growth plan” through cutting total debt […] [Read More]

Manheim has partnered with Fusion Auto Finance to host its private store, allowing the provider of turnkey leasing programs for credit unions to consolidate its multiple disparate platforms into a single experience in the Manheim Marketplace. The digital store offers Fusion Auto Finance’s dealership network access to fresh off-lease inventory in one place. The company […] [Read More]

ACV has added chat to its communications options. The digital auto auction/marketplace and data services provider ACV launched a “chat experience” through its My ACV portal, expanding the on-demand support available to its customers. While the chat feature is geared toward simple transaction-related questions, ACV said in a news release, it can be used for […] [Read More]

Next up on our NAAA 75th series of the Auto Remarketing Podcast commemorating the diamond anniversary of the National Auto Auction Association is a conversation with Jenn Leocardi, who is vice president of institutional sales at America’s Group. Leocardi has also held a number of leadership roles within NAAA. We caught up with her on […] [Read More]

Last week, ADESA chief economist Tom Kontos discussed what might happen to the used-car market if a strike involving manufacturing plant workers who build new vehicles for the Big 3 OEMs happens next month. On Tuesday, Black Book noticed wholesale price implications already are starting to surface. For the first time this month, analysts said […] [Read More]

Eric Autenrieth’s most memorable moment at a National Auto Auction Association convention, understandably, is a personal one.  Back in 2001, he and his wife Lisa got married as the NAAA was hosting its annual gathering in San Francisco.  “We didn’t want a big wedding. If you have a big wedding, inevitably, you leave somebody off the guest list and they’re mad at you,” Autenrieth said during an episode of the Auto Remarketing Podcast earlier this year.  “So, we decided that we were going to ... [Read More]

Broadcasters of sporting events during an exciting portion of the contest sometimes will exclaim a phrase like, “Let’s see what happens next!” Well, Black Book experts are sort of doing the same thing as they’re watching the wholesale market, which generated another record weekly price decline. Black Book reported wholesale values dropped another 1.52% during […] [Read More]

Paul Lips had a long, successful career with ADESA and its former parent company (then KAR Global, which rebranded as OPENLANE this year) that spanned more than 25 years and included numerous accolades. But in the midst of all that, Paul Lips actually had a different career goal in mind, an aspiration he confessed one day while talking to Frank Hackett, then CEO of the National Auto Auction Association. “I told Frank probably 10 years ago, ‘Hey, if the timing works out, I’d love to run the association if you ever retire,’” Lips said. That dream ... [Read More]

During a quarterly earnings call this month, ACV chief executive George Chamoun covered the company’s program that it describes as three pillars of “Maximizing Long-Term Shareholder Value.” Those three pillars are “growth,” “innovation,” and “scale.” Addressing the “growth” portion, Chamoun started by ... [Read More]