Wholesale

When OPENLANE wanted to know what dealers want when they do business on wholesale used-vehicle digital marketing platforms, it simply surveyed over 1,000 dealers in the United States and Canada. From a collective standpoint, dealers said they want a large variety of used vehicles offered for sale on platforms that are easy to navigate and they want reliable condition reports. And of course, everything has to be backed by responsive customer service, the survey said. Now, as its recent rebranding continues and with that dealer feedback in mind, OPENLANE is consolidating its ... [Read More]

The International Automotive Remarketers Alliance has named Lauren Baker as its new director of growth and operations, IARA executive director Mark Coleman announced. Baker comes to IARA with 13 years of auto industry experience, which includes owning a dealership with her husband and client-facing managerial roles with PHH and Element Fleet Management, where she worked […] [Read More]

The United Auto Workers (UAW) has reached tentative contract agreements with Ford, Stellantis and General Motors following stressful negotiations and six weeks of striking workers walking picket lines. Now with assembly plants gearing up for a return to normal activity, Black Book anticipates the wholesale market going back to what consignors and dealers typically see […] [Read More]

America’s Group has promoted America’s Auto Auction El Paso general manager Luke Pidgeon to regional vice president of the America’s Group Western region. “As we continue to grow, we are focused on strategically supporting our auctions,” senior regional vice president Brian Thomas said in a news release. “We are thrilled that Luke is taking on […] [Read More]

The world’s largest auto auction is getting some of the industry’s latest technology. Manheim Pennsylvania — which bills itself as “the world’s largest wholesale vehicle auction” — has added three fixed imaging tunnels, powered by Fyusion artificial intelligence technology, designed to provide the industry’s most consistent and complete view of each vehicle. Manheim became the […] [Read More]

The digital auto auction space continues to grow, with the latest expansion coming from Roadra, an online platform that lets consumers sell vehicles directly to dealers. The company said Wednesday it has secured $5 million in funding to scale Roadra further. The planned expansion and development of new products include artificial intelligence-powered photo and video […] [Read More]

Montway Auto Transport has reached a formidable milestone. The third-party logistics brokerage and automotive transport company announced Tuesday it has completed 1 million customer deliveries. In a news release, Montway said the achievement reflects its “evolution over the past 16 years and its position as a trailblazer in automotive logistics.” Among all those shipments, there […] [Read More]

A federal grand jury in Tennessee has indicted a former general manager of Dealers Auto Auction Group’s Murfreesboro location and two others with wire fraud and money laundering in a scheme to defraud the auto auction. The office of U.S. Attorney Henry Leventis for the Middle District of Tennessee announced the charges Monday. Stephanie Baker, […] [Read More]

Auction Insurance Agency, a division of AutoTec, celebrated a milestone anniversary this month. The third-generation family business commemorated its 70 years of providing the wholesale vehicle industry with payment and title guarantee insurance, fraud protection, risk mitigation, B2B arbitration and C2C dispute resolution in an event at the grand atrium of the Barber Motorsports Museum […] [Read More]

Dealers likely aren’t walking the auction lanes with the same intensity that United Auto Workers (UAW) are marching on picket lines. Black Book summarized the latest auction scene on Tuesday, a day after the UAW told 6,800 workers at the Sterling Heights Assembly Plant in Michigan to strike at the facility that builds Stellantis’ best-selling […] [Read More]