The growth that spurred the best year for auction sales since 2019 hasn’t taken a break. Thanks to another lift in commercial sales, overall wholesale vehicle sales at auction improved again last month. And that includes a big bump in off-rental vehicles hitting the market. According to the latest AuctionNet data from the National Auto […] [Read More]

ACV is not in the auction business. Or even in the wholesale business. Nor is it in the finance or transport business. Oh, sure, it does all those things. But during the company’s fourth quarter earnings call, CEO George Chamoun affirmed the company’s overarching purpose. “When you think about our differentiator, we’re not only in […] [Read More]

America’s Group has announced a second acquisition in less than a week and added yet another state to its footprint. After making its Iowa debut with the purchase of Plaza Auto Auction, America’s Group said Monday it has acquired Dealers Auto Auction of the Southwest, its first location in Arizona. The auction was founded in […] [Read More]

The wholesale vehicle market has made a strong start to 2026, with industry indices pointing to several indicators of market health in the first two months of the year. Starting with Black Book, its monthly Used Vehicle Retention Index for February was down 1.0% from a year ago but climbed 2.3% month-over-month as the “seasonal […] [Read More]

Carmigo said Monday it has launched a nationwide Independent Auction Marketplace Initiative to provide independent auto auctions with a scalable, auction-controlled online sales channel. And the online auction company has hired Peter Lavallee as executive vice president of marketplace to lead those efforts. Lavallee, whose background includes time with Cox Automotive, DSC/NextGear Capital, Auto Use […] [Read More]

United Auto Credit has named its 2025 Auction of the Year: North Carolina’s Greenville Auto Auction. The auction, which also won this award in 2023, was recognized for its strong performance, operational excellence and organizational culture. United Auto Credit said the award shows Greenville AA’s “reputation as one of the most efficiently run auctions in […] [Read More]

The leader of America’s Group’s ultra-aggressive expansion strategy has taken another step up the corporate ladder. Chris Elliott, who has served as the company’s vice president of mergers and acquisitions for the past two-plus years, announced on LinkedIn he has been promoted to senior vice president of mergers and acquisitions. Since joining America’s in November […] [Read More]