Auction news: Hometown auctioneer's world title, ServNet scholarships & Carolina AA's $100K prize for dealer
Tuesday, Apr. 30, 2024, 03:42 PM
Lane watch: Recent data shows stable wholesale market
Tuesday, Apr. 30, 2024, 01:43 PM
NAAA survey: Auto auctions enjoy increase in volumes, sales & conversion rates
Monday, Apr. 29, 2024, 04:37 PM
Wholesale
Q1 commercial consignment sales at OPENLANE climb 33%
Friday, May. 3, 2024, 11:24 AM
Joe Overby, Senior Editor
Sales of commercial vehicles in OPENLANE’s marketplace during the first quarter were higher than any quarter of 2023, pushing total vehicle sales up by nearly 13% year-over-year. In its Q1 results reported Wednesday, OPENLANE said the number of commercial vehicles sold through its platforms climbed from 167,000 in Q1 2023 to 222,000 in Q1 2024 […] [Read More]
NAAA sends update about title transfers in NJ
Thursday, May. 2, 2024, 03:04 PM
Auto Remarketing Staff
The National Auto Auction Association alerted members about a recent decision by the New Jersey Motor Vehicle Commission (NJMVC). In a message delivered on Thursday, NAAA recapped that NJMVC no longer accepts Connecticut’s Supplemental Assignment of Ownership (Q-1) forms for title transfers in New Jersey. NAAA explained that the new policy means that Connecticut’s Q-1 […] [Read More]
Carvana & fleet executive given NAFA honors
Monday, Apr. 29, 2024, 03:47 PM
Auto Remarketing Staff
Carvana and one of its executives were recognized by the NAFA Fleet Management Association (NAFA) at its annual Institute & Expo (I&E). While the company was a top Commercial Fleet for 2024 in the Americas, NAFA has also recognized Kenny Stimson, who is Carvana’s director of fleet management. Stimson was named the 2024 Fleet Professional […] [Read More]
Wholesale vehicle volumes improve in Q1
Friday, Apr. 19, 2024, 04:13 PM
Joe Overby, Senior Editor
While the upswing in 2024 isn’t likely to be as strong as last year’s, the wholesale vehicle market is showing a gradual rebound in volumes and has started the year with some impressive gains.
At the Manheim auto auction chain, wholesale sales climbed in 11 of the first 13 weeks of the year and were up 15% year-over-year in the first quarter, said Jeremy Robb, senior director of economic and industry insights at parent company Cox Automotive.
Year-to-date through February, there were ... [Read More]
Auction roundup: Auctioneers championship on deck & celebrating 77 years at Bel Air AA
Friday, Apr. 19, 2024, 03:29 PM
Auto Remarketing Staff
It continues to be a celebratory atmosphere in the auction world. While BSC America’s Bel Air Auto Auction recently commemorated its 77th anniversary, the National Auto Auction Association is gearing up for this year’s World Automobile Auctioneers Championship (WAAC). What NAAA considers the premier competition in the auto auctioneer industry is set to take place […] [Read More]
Beyond the Transaction: How AI, EVs are changing inspection, CR landscape
Thursday, Apr. 18, 2024, 02:39 PM
Sarah Rubenoff, Correspondent
This feature is part of Auto Remarketing’s upcoming “Beyond the Transaction” edition, which is the May print issue of the magazine.
It is available for Cherokee Media Group Premium subscribers now.
As technology continually reshapes the automotive industry, the evolution of inspections and condition reports stands out as a pivotal chapter.
With artificial intelligence taking the wheel, there is a transformative shift in how both consumers and auto dealers navigate the often complex and sometimes opaque world of vehicle inspections.
Gone are the days of relying solely on [Read More]
McConkey Auction Group expands use of LiveLanes to lower 48
Wednesday, Apr. 17, 2024, 04:14 PM
Auto Remarketing Staff
After running the program at its Anchorage, Alaska, location since January, McConkey Auction Group has launched EBlock’s LiveLanes simulcast solution at its sites in the lower 48 states this month. The auction group conducted the LiveLanes event last week in conjunction with its MAG Now digital auction. It plans on bringing it to additional MAG […] [Read More]