Black Book noticed two of the most important trends in the wholesale market made notable moves during the first full week of the year. Analysts said last week’s auction conversion rate rose to 60%, while wholesale values dropped by 0.81%, resulting in the largest single-week overall price decline since mid-December 2023. “Auction activity was robust […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Casey Harmon, who is senior vice president at RunBuggy. Harmon shares his perspectives about how the transportation sector is handling the demands of dealers, consignors and other clients who sometimes want vehicles […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with an executive panel featuring six leaders from the wholesale market. Sharing their assessment of current conditions and how this year might unfold were: Mike Caggiano, ADESA Jason Ferreri, America’s Group Steve Kapusta, SmartAuction John Mathiowetz, IAA […] [Read More]

After reaching a “post-pandemic nadir,” wholesale auction sales climbed for the second straight year, jumping nearly 10% in 2024. But with a staggering drop in lease maturities on the horizon, sales are likely to remain static in 2025 before moving up a bit in 2026. That’s according to the latest AuctionNet data and accompanying commentary […] [Read More]

Just in time for the upcoming Super Bowl in the Big Easy — and NADA Show 2025, for that matter — SIXT USA on Friday announced the opening of its newest U.S. location at Louis Armstrong New Orleans International Airport (MSY). According to a news release, the opening marks SIXT’s first branch in Louisiana and […] [Read More]

The National Auto Auction Association’s newest safety training program is up and running. NAAA announced its revamped NAAA Safety Training is now available, with 10 new live-action video courses replacing the previous animated video courses. That includes a “Driver & Lot Safety” course tailored for drivers. In addition to those 10 videos, NAAA has launched […] [Read More]

Cox Automotive has doubled down on its Fleet Services business. The automotive giant, which acquired a majority stake in what was then Dickinson Fleet Services in 2020, has purchased the rest of the company from minority owners Mike Dickinson and Ted Coltrain. “This acquisition represents our steadfast commitment to the fleet industry and the opportunity […] [Read More]

OPENLANE has sold its High Tech Locksmiths business unit to Dent Wizard, a reconditioning services provider. Dent Wizard announced the deal (which became effective Dec. 16) just before the holidays. HTL was founded in 1992 and provides locksmithing services to auto auctions, repossession agents, financial institutions, dealers and rental-car companies. OPENLANE, then known as KAR […] [Read More]

After taking a month off for the holidays, Carvana is back on the Megasite track. The online used-car retailer announced plans to open its latest integrated auction/reconditioning center on the ADESA Atlanta auction site in Fairburn, Ga. Carvana’s fifth Megasite follows the launch of similar operations at ADESA Kansas City in August, ADESA Houston in […] [Read More]

The newest installment of Market Insights from Black Book recapped stable developments in the wholesale space during the close of 2024 and conveyed optimism about what the auction scene might be like in 2025. Analysts said wholesale values decreased 0.44% last week while the auction conversion rate came in at 54%. “As we look back […] [Read More]