Consignor Conversations: Holly Vollant of Holman
Tuesday, Sep. 17, 2024, 03:36 PM
Auction news: Bel Air auction announces staff promotions; NAAA offers training
Tuesday, Sep. 17, 2024, 04:14 PM
Lane watch: Why ‘affordability is crucial’ as wholesale prices tick up again
Tuesday, Sep. 17, 2024, 02:39 PM
Wholesale
Auction news: Hometown auctioneer’s world title, ServNet scholarships & Carolina AA’s $100K prize for dealer
Tuesday, Apr. 30, 2024, 03:42 PM
Auto Remarketing Staff
The 2024 World Automobile Auctioneers Championship produced a feel-good moment for a hometown kid — and his son. Richard “TJ” Freije won the event’s most coveted prize — the title of world champion auto auctioneer — last week at ADESA Indianapolis in Plainfield, Ind., a quick 20-minute drive from Clayton, Ind., where Freije & Freije […] [Read More]
Lane watch: Recent data shows stable wholesale market
Tuesday, Apr. 30, 2024, 01:43 PM
Auto Remarketing Staff
You have to delve deeper into the newest Black Book data to find much movement in the wholesale market. Black Book said last week’s auction scene was characterized as “stable,” and for good reason, because prices ticked up only 0.01%. And analysts indicated the conversion rate — the percentage of vehicles sold at auctions — […] [Read More]
NAAA survey: Auto auctions enjoy increase in volumes, sales & conversion rates
Monday, Apr. 29, 2024, 04:37 PM
Auto Remarketing Staff
Amid years of challenges, some good news for the wholesale auto industry. While sales at auctions haven’t returned to pre-COVID levels, the number of vehicles offered for sale at National Auto Auction Association member locations and the number that actually sold were both up double-digit percentages last year. Not to mention, conversion rates beat prior-year […] [Read More]
Carvana & fleet executive given NAFA honors
Monday, Apr. 29, 2024, 03:47 PM
Auto Remarketing Staff
Carvana and one of its executives were recognized by the NAFA Fleet Management Association (NAFA) at its annual Institute & Expo (I&E). While the company was a top Commercial Fleet for 2024 in the Americas, NAFA has also recognized Kenny Stimson, who is Carvana’s director of fleet management. Stimson was named the 2024 Fleet Professional […] [Read More]
Wholesale vehicle volumes improve in Q1
Friday, Apr. 19, 2024, 04:13 PM
Joe Overby, Senior Editor
While the upswing in 2024 isn’t likely to be as strong as last year’s, the wholesale vehicle market is showing a gradual rebound in volumes and has started the year with some impressive gains.
At the Manheim auto auction chain, wholesale sales climbed in 11 of the first 13 weeks of the year and were up 15% year-over-year in the first quarter, said Jeremy Robb, senior director of economic and industry insights at parent company Cox Automotive.
Year-to-date through February, there were ... [Read More]
Auction roundup: Auctioneers championship on deck & celebrating 77 years at Bel Air AA
Friday, Apr. 19, 2024, 03:29 PM
Auto Remarketing Staff
It continues to be a celebratory atmosphere in the auction world. While BSC America’s Bel Air Auto Auction recently commemorated its 77th anniversary, the National Auto Auction Association is gearing up for this year’s World Automobile Auctioneers Championship (WAAC). What NAAA considers the premier competition in the auto auctioneer industry is set to take place […] [Read More]
Beyond the Transaction: How AI, EVs are changing inspection, CR landscape
Thursday, Apr. 18, 2024, 02:39 PM
Sarah Rubenoff, Correspondent
This feature is part of Auto Remarketing’s upcoming “Beyond the Transaction” edition, which is the May print issue of the magazine.
It is available for Cherokee Media Group Premium subscribers now.
As technology continually reshapes the automotive industry, the evolution of inspections and condition reports stands out as a pivotal chapter.
With artificial intelligence taking the wheel, there is a transformative shift in how both consumers and auto dealers navigate the often complex and sometimes opaque world of vehicle inspections.
Gone are the days of relying solely on [Read More]
McConkey Auction Group expands use of LiveLanes to lower 48
Wednesday, Apr. 17, 2024, 04:14 PM
Auto Remarketing Staff
After running the program at its Anchorage, Alaska, location since January, McConkey Auction Group has launched EBlock’s LiveLanes simulcast solution at its sites in the lower 48 states this month. The auction group conducted the LiveLanes event last week in conjunction with its MAG Now digital auction. It plans on bringing it to additional MAG […] [Read More]
AMS welcomes GMAA to roster of auction clients
Tuesday, Apr. 16, 2024, 03:11 PM
Auto Remarketing Staff
Auction Management Solutions (AMS) shared this week that the firm has something notable brewing in Wisconsin. AMS announced that Greater Milwaukee Auto Auction (GMAA) has partnered with the firm for business development consulting. “We are very excited to be a part of the AMS Group of independent auctions,” GMAA owner Kristie Letizia said in a […] [Read More]
Lane watch: Spring-market momentum continues to fade
Tuesday, Apr. 16, 2024, 03:02 PM
Auto Remarketing Staff
Perhaps the bartender hasn’t yet made the last call, but the spring market might soon be hitting closing time. Black Book reported on Tuesday that wholesale prices moved only 0.14% higher last week. While that’s on par with what analysts noticed during the same week in 2017 to 2019, the movement is 10 basis points […] [Read More]