It has been a banner rebound year for auto auctions: the market is having its strongest year for wholesale sales volume since before the COVID-19 pandemic. That’s according to the latest AuctionNet data from the National Auto Auction Association, which indicates there were 6.25 million wholesale auction sales in the first 11 months of 2024. […] [Read More]

The wholesale vehicle market appears fairly healthy entering the final stretch of the year, with prices relatively steady and “robust activity in the auction lanes,” according to reports from market observers. On Wednesday, Black Book said its Used Vehicle Retention Index came in at 147.8 for November, which beat October by 0.5% and trailed the […] [Read More]

Two days after announcing the acquisition of Strategic Remarketing Solutions, Location Services made another big move. The company said Thursday it has hired former GE and Element Fleet Corp. remarketing executive Paul Seger as its chief remarketing officer. Seger is on the board of directors of the Automotive Remarketing Alliance. He was the group’s president […] [Read More]

Super Dispatch has integrated its automotive transportation management platform with Descartes MyCarrierPortal, a cloud-based system for carrier identity and fraud protection. The companies said the integration is designed to elevate carrier vetting, onboarding and monitoring processes with heightened identity, compliance, safety, insurance and fraud prevention measures enhancing Super Dispatch’s Verified Carrier and Shipper Programs through […] [Read More]

The SHiFT Vehicle Retirement Initiative, a global social enterprise committed to helping consumers and companies recycle end-of-life vehicles with environmentally responsible protocols, has hired former Amazon executive Chapin Griffith as its first director of vehicle retirement services. Griffith, who began his new position in October, spent the past three years as Amazon’s senior product manager […] [Read More]

Perhaps someone at your Thanksgiving dinner table made the comment, “What a difference a year makes.” Maybe the team of analysts at Black Book said the same thing when the group determined wholesale values dropped by just 0.29% last week. That’s because a year ago when the industry celebrated the holiday of giving thanks, values […] [Read More]

SIXT USA, a subsidiary of mobility company Sixt SE, has reached a milestone. The rental car brand opened its 50th U.S. airport location at John Wayne Airport in Orange County, Calif., with a ribbon-cutting ceremony attended by SIXT leadership and local officials. The new location gives SIXT, which launched its U.S. operations in 2011, a […] [Read More]