Wholesale

Black Book senior vice president and chief data science officer Alex Yurchenko told Auto Remarketing on Tuesday afternoon that last week’s wholesale value decline was the largest for a single week in at least 10 years. Black Book shared through its newest installment of Market Insights that wholesale prices decreased 1.45% during the week that […] [Read More]

In this edition of the Auto Remarketing Podcast’s NAAA 75th series, Cherokee Media Group’s Bill Zadeits talks with BSC America CEO Ray Nichols, who was the 2002 president of the National Auto Auction Association. Nichols was also a 2008 inductee into the NAAA Hall of Fame and was named  an NAAA Industry Pioneer in 2022 […] [Read More]

Next week’s IARA Summer Roundtable will include something new. Global Remarketing Opportunities for Women will make its official debut at the event, coming up Aug. 22-24 in Chicago. GROW was founded by Shelly Frank of DAA of the Southwest and DAA of the Rockies, Kelly Bianchi of AuctionVcommerce and Sheila Tedesco of Lobel Financial to […] [Read More]

IAA has added new artificial intelligence and machine learning tools to its selling platform. The auction company — a subsidiary of RB Global, Inc., a marketplace for insights, services and transaction solutions for commercial assets and vehicles — announced the launch of IAA Vehicle Score, IAA Vehicle Value and the IAA Sales Decision Center, all […] [Read More]

Next up on our NAAA 75th series commemorating the diamond anniversary of the National Auto Auction Association is a conversation with Lisa Franz, who is the general manager of Big Valley Auto Auction in Texas. Franz is also a member of the training and education committee of NAAA and is a 2019 Women in Remarketing […] [Read More]

Cox Automotive has added another brand to its collection. The industry giant acquired onsite fleet maintenance provider Corcoran’s Mobile Services, further expanding Cox’s nationwide fleet maintenance coverage. “We thrive on delivering a seamless experience 24/7, powered by our more than 1,400 elite technicians, ensuring customers’ fleets keep moving,” said Ted Coltrain, vice president of operations […] [Read More]

Black Book reported wholesale values dropped 1.10% last week, the largest decrease analysts spotted during a single week in 11 months. The movement prompted Black Book to ask, “Is this a wakeup call or just a blip in the market in this wild world of the car business?” The price drop during the week that […] [Read More]

Jeremy Cunningham has been named general manager of Tallahassee Auto Auction, one of two ServNet auctions operated by BSC America. BSC president R. Charles Nichols said Cunningham comes to Tallahassee with more than 20 years of industry experience and skills gained in both the auto auction and fleet/lease/repo arenas. “He has a keen understanding of […] [Read More]

There appears to be a light at the end of the tunnel for off-lease vehicles, the auction segment whose volumes were hit hardest in the aftermath of COVID-19, and for overall commercial consignment. While an immediate turnaround in volumes isn’t imminent, macro-economic conditions suggest “an improving outlook for commercial off-lease volumes,” OPENLANE CEO Peter Kelly said in the company’s second-quarter earnings call last week “I believe that the headwinds of the last three years look set to ... [Read More]

Tom Adams Jr. once flew to Cartagena, Colombia to recover 16 high-end, late-model cars that Auto Insurance Agency, better known as AIA, had issued coverage policies for. He spoke no Spanish and had no idea where he might find the cars. After a series of adventures, or perhaps misadventures, he managed to recover them and […] [Read More]