IAA is expanding its presence south of the border — in fact, south of south of the border. The global digital marketplace, which serves more than 170 nations, has entered into a market alliance with Moto Leader Group International in Panama, according to IAA’s parent company RB Global. MLG International will operate an IAA auction […] [Read More]

Last week marked the end of spring and the beginning, perhaps, of a steadier wholesale vehicle market. According to the latest Market Insights report from Black Book, the decline in wholesale prices for the week ending June 21 was 0.37%, down from the prior week’s decline of 0.47%. That followed an accelerated decline to ... [Read More]

Montway Auto Transport has shipped more than 1 million vehicles since it was founded in 2007, compiling more than 80,000 five-star reviews, an A-plus Better Business Bureau rating and a Net Promoter Score of 75 in the process. It has appeared on the Inc. 5000 list six times, including the past four years, and was […] [Read More]

Auto Auction Holdings is ready to grow. The company has added new general managers for three of its auctions as part of its strategic decision to expand its commercial footprint, an area it said had not previously been a primary focus. In a news release, AAH said Jerry Barker has come on board as GM […] [Read More]

The National Auto Auction Association’s World Remarketing Convention will feature Bo Jackson as its closing keynote speaker. But while Bo might know baseball and football, NAAA knows golf. As part of the convention, set for Sept. 22-25 at the Loews Kansas City Hotel in Kansas City, Mo., the association is hosting the 2025 AutoTec Invitational […] [Read More]

RunBuggy made an award-winning addition to its board of advisors on Wednesday. Announced through a post on LinkedIn, the auto logistics platform welcomed John Messiha in an advisory capacity. Messiha is head of loss mitigation at Bridgecrest and was the recipient of the Loss Mitigation Executive of the Year Award at Used Car Week 2024. […] [Read More]

Going counter to the recent trajectory seen by Black Book, Cox Automotive is watching wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) moving higher. That’s at least looking at the first 15 days of June compared to May. Analysts reported on Wednesday that the mid-month Manheim Used Vehicle Value Index rose 1.7% […] [Read More]

Along with highlighting a continued decrease in wholesale prices and a sagging auction conversion rate, Black Book’s newest Market Insights released on Tuesday pinpointed six specific vehicle segments that made the most significant value moves in the lanes last week. Overall, Black Book reported wholesale prices declined 0.47%. And analysts said bidding activity also slowed […] [Read More]