As thieves become ever more sophisticated, fraud is the biggest issue facing vehicle transportation firms these days, industry participants told Auto Remarketing. But a plethora of other concerns weigh on the minds of those providing services to the sector. Strategic theft While some may think of vehicles disappearing off a lot when they envision fraud, […] [Read More]

America’s Auto Auction said Friday it has promoted two of its leaders to general manager roles at two of its auctions. Richard Boisvert is now the GM at America’s Auto Auction New Orleans and Keegan Brown is now GM of America’s Auto Auction Peoria. Boisvert is the second graduate of the company’s America’s University advanced […] [Read More]

If you run a dealership — an independent operation or especially a franchised store — and you haven’t already been a buyer on Copart’s platform, Jay Adair wants that situation to change as soon as his company’s $1.9 billion acquisition of ACV Auctions closes and the wholesale enterprises synergize. The Copart chief executive officer elaborated […] [Read More]

Copart has signed a definitive agreement to acquire ACV in a deal valued at approximately $1.9 billion. Under the agreement, which was announced Thursday afternoon, Copart would acquire all outstanding shares of ACV common stock for $10.50 share in cash, representing implied equity value of $1.9 billion. Adding ACV gives Copart a “new growth vector,” […] [Read More]

From Sept. 28 through Oct. 1, the NAAA World Remarketing Convention will return to Seattle after over 20 years. According to National Auto Auction Association president Eddie Lafferty, bringing the event, which will be held at The Westin Seattle, back to the city is the perfect setting for a gathering that focuses on the auto […] [Read More]

Holman now has acquired full ownership of ARIZA, its former 50/50 joint-venture with Corporacion Zapata. It’s a move that expands Holman’s fleet management business in Mexico, offering customers in the country and across North America a seamless, fully integrated cross-border fleet management solution. According to a news release distributed on Tuesday, the ARIZA name will […] [Read More]

Carvana is bringing Inspection and Reconditioning Center capabilities to its ADESA Brasher’s auction in Rio Linda, Calif., the online used-car retailer said Tuesday. Doing so will add reconditioning capacity to the auction as well as a new inventory pool in Carvana’s national network. This means a broader selection of retail used cars for consumers across […] [Read More]