No doubt, plenty of fraudulent activity is happening in automotive nowadays. Exposure is likely to surpass $10 billion this year, according to estimates from Point Predictive. For example, fraudsters are generating invalid employment and income documents, or they’re creating synthetic IDs to be granted credit. But fraudsters are now increasingly targeting the vehicles themselves and […] [Read More]

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]

America’s Group has moved into another new state: Iowa. The company announced its first location in the Hawkeye State, acquiring Plaza Auto Auction in Mount Vernon. The auction, founded in 1963 by Bob and Norma Edleman, will now operate as America’s Auto Auction Iowa. It is one of the few remaining evening dealer-only sales in […] [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]