While President Trump made a pair of proclamations on Tuesday modifying tariffs to reduce “a cumulative effect or ‘stack’” on imported vehicles and parts, Black Book reported earlier in the day about how much previous decisions impacted the wholesale market. Black Book said wholesale prices rose another 0.63% last week with the auction conversion rate […] [Read More]

Black Book has added three new sales leaders to its team. Rick Evans has joined the vehicle data and analytics provider as director of captive and lender licensing, and Andrew Ferrara and Brent Fosnaught have come on board as directors of automotive licensing. “These talented individuals bring the innovative leadership needed to deliver next-generation solutions […] [Read More]

World champion auto auctioneer Michael Adcock has joined the ranks of Warren Young Fellows. Adcock was presented the honor by the National Auto Auction Association last week during the 2025 World Automobile Auctioneers Championship’s dinner and draw event at Manheim Phoenix in Tolleson, Ariz. Adcock, a third-generation auctioneer, became the youngest world champion auto auctioneer […] [Read More]

America’s Group has gone south and northeast with its auto auction purchases in 2025, buying South Georgia Auto Auction and New Jersey’s Car-Tech Auto Auction. It is now headed west. The rapidly expanding auction company said Monday it has purchased North Bay Auto Auction, which is in Fairfield, Calif. The purchase of North Bay, founded […] [Read More]

While appointed to their respective roles at different times, there are few new general managers at ADESA locations. The company has new/recent GMs at its locations in Indianapolis, Jacksonville, Fla.; Ocala, Fla.; Memphis, Tenn.; Buffalo, N.Y.; Pittsburgh; Atlanta; and Sarasota, Fla. ADESA parent company Carvana provided a rundown of each location’s new GM: — ADESA […] [Read More]

On the same day it launched a new electric offering, Carvana announced its latest auction and reconditioning Megasite. The company said Wednesday it will bring the Carvana Inspection and Reconditioning Center capabilities (IRC) to its ADESA Colorado Springs auction, which will continue to host digital and in-lane auction services. This is Carvana’s ninth Megasite. “After […] [Read More]

There might be several used-car managers or buyers for a dealership or group who began a sentence recently with some salty language followed by, “This feels like 2021.” Black Book reported all 22 vehicle segments that analysts monitor in the wholesale market increased in value last week. It’s the first time that’s happened since November […] [Read More]

Call them the bus driver, because ServNet Auction Group is taking folks to school. Or at least creating an easier path for them to get there. The auction group announced this week that it has awarded $44,500 in scholarships to 14 students pursuing higher education opportunities as part of the ServNet Scholarship Program. The program […] [Read More]

The merger of XLerate Group and America’s Auto Auction — announced in late 2021 and completed in early 2022 — to form what’s now known as America’s Group was “about more than just a business transaction,” CEO Chuck Tapp says. “It was an opportunity to create a more robust, capable network that would ultimately serve our customers better,” Tapp said in a news release earlier this year. “Our goal was to build a stronger company that could not only meet the demands of today’s automotive market but also adapt to its evolving needs.” Some 40 months into that merger, America’s Group has ... [Read More]

OPENLANE will have a new executive vice president and chief financial officer in place effective on May 27. Late on Tuesday, the company named Brad Herring as its incoming CFO to be responsible for leading all financial, reporting and investor-facing functions across OPENLANE, including the company’s capital investment strategy. According to a news release, Herring […] [Read More]