Digital auto auction ACV has scaled up its no reserve sale to four days each week, giving buyers and sellers more opportunities to sell and source inventory in true $0 reserve auctions, the company said. The new schedule includes Tuesday, Wednesday, Thursday and Saturday sales beginning at noon ET, adding a Wednesday sale and moving […] [Read More]

Missouri Auto Auction and opened a celebration of 25 years in business with a ribbon-cutting ceremony at the five-lane facility in Columbia, Mo., featuring founder Gregg Boswell. The Boswell family, which has owned the independent auction since it was established by Gregg and Dagmar Boswell in August of 2000, said in a news release the […] [Read More]

Location Services has added former Cox Automotive executive Erik Kibler as its new vice president of marketing and strategic initiatives. The forwarding company for the third-party servicing industry said Kibler will lead its marketing strategy, brand development, data analytics and strategic growth initiatives across all verticals. “Erik has an impressive background and reputation in marketing, […] [Read More]

Cox Automotive said Monday it has closed its acquisition of Bel Air Auto Auction and Tallahassee Auto Auction from BSC America, a purchase announced late last month. While Cox Automotive was perhaps the auto industry’s most acquisitive company in the 2010s, these two locations are Manheim’s first U.S. auction additions in close to 25 years. […] [Read More]

Earlier this year, Tony Hall and Paul Lips were working to resolve an issue with Oklahoma’s vehicle title policy when their discussion veered off in a different direction. Hall, Carvana’s head of policy, title and registration modernization and chairman of the eSTART Coalition’s advisory board, told Lips, executive director of the National Auto Auction Association, […] [Read More]

SYCN Auto Logistics, Mercury Auto Transport and Rite Way Auto Transport Group have merged, creating what they call the largest founder-led, privately owned transport management company in North America. Under the merger, each brand will continue operations under their existing names, but they will operate under a unified technology platform providing real-time tracking, automated processes […] [Read More]

While the core of TrueCar’s business model continues to be connecting dealers with in-market car shoppers, the company sees its wholesale vehicle sourcing products as key way to further address the needs of its dealer customers. Especially as dealers prioritize used-car acquisitions amid tight supply. Market conditions give the company opportunities “to leverage our ... [Read More]

Wholesale prices dropped another 0.56% last week, according to Black Book’s newest installment of Market Insights. “Depreciation accelerated last week across nearly every vehicle segment,” analysts said. “However, due to the strength of this year’s spring market, current pricing remains above levels seen at the start of the year.” Black Book also reported last week’s […] [Read More]

Some major restructuring is underway in RB Global’s leadership. The parent company of IAA, Ritchie Bros. Auctioneers and 12 other brands announced additions, retirements and shifting roles among some of its top executives in changes set to take effect Sept. 1. The moves are designed to “position the company for accelerated and consistent growth,” RB […] [Read More]

Cars Commerce’s wholesale-related business units — Accu-Trade and DealerClub — are growing, sure. But perhaps just as important, they’re helping the company on its path to, “fully closing the loop between retail, wholesale, and appraisal technologies to complete a comprehensive used car solution,” CEO Alex Vetter said in Cars Commerce’s second-quarter earnings call. And that's possible through ... [Read More]