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]

Location Services, an Indianapolis-based forwarding company in the servicing segment of automotive, said Tuesday it has acquired Strategic Remarketing Solutions, which is a forwarding and remarketing company. In a news release, Location Services CEO Jerry Kroshus said, “We are thrilled to have the SRS team join our organization. SRS’s penetration into the regional bank and […] [Read More]

IAA’s global operation, which serves more than 170 nations, is adding one more. IAA’s parent company, RB Global, announced the digital marketplace has entered into a market alliance with North America Trading in the Middle Eastern country of Oman. “North America Trading has an excellent reputation and team located in Oman who will help IAA […] [Read More]

To kick off our series of Auto Remarketing Podcast episodes from Used Car Week 2024 in Scottsdale, Ariz., Alan Lang of Cox Automotive joins the show. Lang, who is senior vice president of physical services and auctions at Cox Automotive, chats with Cherokee Media Group senior editor Joe Overby about the changing infrastructure of wholesale […] [Read More]

Along with revisiting what’s going on with 2023 and 2024 model year full-size pickups, Black Book gathered its wholesale market observations while some of the company’s top executives and experts were in Scottsdale, Ariz., for Used Car Week. What Black Book reported on Tuesday was an overall wholesale market decline of 0.46% last week, which […] [Read More]