After decades of keeping time like a steady drumbeat of automotive market analysis, Tom Kontos enters his swan song as chief economist at ADESA. Kontos is retiring next month, with his official last day at ADESA being Aug. 16, marking the coda to a 40-year career, the last 30 of which were spent as an […] [Read More]

Almost four months after introducing its new president, Gulf States Toyota has added another member to its leadership team. Mike Brennan, a 28-year automotive veteran, has been named chief operating officer and senior vice president, effective Aug. 5. The company said he will oversee field operations, marketing, dealer relations, fixed operations and supply and demand. […] [Read More]

Retail My Ride is using everyone’s favorite four-letter word: free. The auto retail consignment sourcing platform has launched a new initiative called “Get Free Inventory”, which, it said, “offers used car dealerships the opportunity to access free high-quality vehicles of all makes, models and ages through retail consignment from private party and institutional sellers.” “We […] [Read More]

As part of the upcoming NAAA World Remarketing Convention issue of Auto Remarketing, we are spotlighting the annual High Performance Auto Auctions. Essentially, this is a roundup of “Auto Auction of the Year”-type awards from consignors, auction groups and other industry stakeholders. For example, if you are a consignor, this might be a list of […] [Read More]

The September edition of Auto Remarketing will celebrate the National Auto Auction Association, the upcoming NAAA World Remarketing Convention and the wholesale vehicle industry at large. One of the features in this special issue is the annual “Auction Life” photo spread, where we invite NAAA-member auctions to submit photos of daily auction life from the past year. […] [Read More]

McConkey Auction Group’s signature event was pretty sweet. Rock band Sugar Ray made sure of that as the headliner of DAA Northwest’s annual Rock & Roll Sale, held July 17-18 at the MAG-owned auction in Spokane, Wash. The band, led by frontman Mark McGrath, entertained a crowd of 2,100 invited guests with their ’90s hits […] [Read More]

Central Arkansas Auto Auction in Beebe, Ark., has named Jacob Warren as vice president and chief operating officer. Auction owner Cole Hooten cited Warren’s 20-year history in the remarketing industry and background in team leadership and auction operations. “All of us at CAAA are excited to welcome Jacob to our team,” said Hooten, a third-generation […] [Read More]

Cox Automotive has added automatic adjustments for factory-installed options and packages to its Manheim Market Report wholesale vehicle valuation tool, calling “an industry first.” The company said the addition is possible because of the integration of OEM build data with Cox Automotive’s first-party transaction data and proprietary modeling, which it said creates “an unrivaled level […] [Read More]

The National Auto Auction Association is rebranding its spring meeting and moving the event to April, where it will lead into the association’s World Automobile Auctioneers Championship. The NAAA Spring Remarketing Exchange, which was previously NAAA Total Access and held in conjunction with the NADA Show, will run April 22-23 at the Renaissance Phoenix Downtown. […] [Read More]

Earlier this month, the Internal Revenue Service sent a reminder to dealers to be vigilant of digital criminals portraying themselves as representatives from the federal agency. This week, another federal agency — the Federal Motor Carrier Safety Administration (FMCSA) — delivered a similar message to transportation providers. FMCSA officials said in an online update that […] [Read More]