Montway Auto Transport unveiled a new program this week to get the best professionals the company can get behind the wheel. The provider of third-party logistics brokerages launched its Preferred Carrier Network program, which is an initiative designed to attract and reward high-caliber car haulers. Montway highlighted this unique program offers “unmatched” benefits to carriers, […] [Read More]

Dealers looking to secure late-model vehicles at auction are in luck. One- to 3-year-old vehicles was the only age group to show a month-over-month increase in wholesale auction sales volume during April, climbing 3%, according to AuctionNet data from the National Auto Auction Association. Sales of 1-3-year-old vehicles climbed 15% from April 2023, as all […] [Read More]

We rolled into May last week, and the auction world might be finished with spring soon. Black Book’s latest observations of wholesale values showed the overall market ticked 0.09% lower during the week that closed with the 150th Kentucky Derby. Despite the spring lift for prices halting, dealers might still be racing for the Winner’s […] [Read More]

Missouri Auto Auction recently held a promotional event to benefit Bree’s Gift, a nonprofit organization that honors the life of Bree Isabel Johnley, who passed away at 4 years old, by providing families with up to 100% of the funding needed to adopt a child. Jennie Johnley, Bree’s mother and founder of Bree’s Gift, is […] [Read More]

Longtime General Motors executive of Anthony Clevio is joining vehicle transport logistics provider United Road as senior vice president of sales and marketing, United Road chairman and CEO Mark Anderson announced. Clevio most recently served as GM’s global logistics director of finished vehicle logistics. In 17 years with the automaker, his roles included positions in […] [Read More]

Sales of commercial vehicles in OPENLANE’s marketplace during the first quarter were higher than any quarter of 2023, pushing total vehicle sales up by nearly 13% year-over-year. In its Q1 results reported Wednesday, OPENLANE said the number of commercial vehicles sold through its platforms climbed from 167,000 in Q1 2023 to 222,000 in Q1 2024 […] [Read More]

The National Auto Auction Association alerted members about a recent decision by the New Jersey Motor Vehicle Commission (NJMVC). In a message delivered on Thursday, NAAA recapped that NJMVC no longer accepts Connecticut’s Supplemental Assignment of Ownership (Q-1) forms for title transfers in New Jersey. NAAA explained that the new policy means that Connecticut’s Q-1 […] [Read More]

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]

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]

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]