Independent Auction Group executive director Dave Blake was named the winner of the Award for Industry Excellence as Cox Automotive presented its 17th annual Independent Auction Awards at an awards dinner in conjunction with the Automotive Remarketing Alliance’s and National Auto Auction Association’s 2026 Spring Remarketing Exchange in Dallas. Blake was honored as “a respected […] [Read More]

No doubt, plenty of fraudulent activity is happening in automotive nowadays. Exposure is likely to surpass $10 billion this year, according to estimates from Point Predictive. For example, fraudsters are generating invalid employment and income documents, or they’re creating synthetic IDs to be granted credit. But fraudsters are now increasingly targeting the vehicles themselves and […] [Read More]

The growth that spurred the best year for auction sales since 2019 hasn’t taken a break. Thanks to another lift in commercial sales, overall wholesale vehicle sales at auction improved again last month. And that includes a big bump in off-rental vehicles hitting the market. According to the latest AuctionNet data from the National Auto […] [Read More]

ACV is not in the auction business. Or even in the wholesale business. Nor is it in the finance or transport business. Oh, sure, it does all those things. But during the company’s fourth quarter earnings call, CEO George Chamoun affirmed the company’s overarching purpose. “When you think about our differentiator, we’re not only in […] [Read More]

America’s Group has announced a second acquisition in less than a week and added yet another state to its footprint. After making its Iowa debut with the purchase of Plaza Auto Auction, America’s Group said Monday it has acquired Dealers Auto Auction of the Southwest, its first location in Arizona. The auction was founded in […] [Read More]

The wholesale vehicle market has made a strong start to 2026, with industry indices pointing to several indicators of market health in the first two months of the year. Starting with Black Book, its monthly Used Vehicle Retention Index for February was down 1.0% from a year ago but climbed 2.3% month-over-month as the “seasonal […] [Read More]

The auction hammer is coming down at a rate Black Book has seen only three times since May 2022. According to the newest installment of Market Insights released Tuesday, Black Book said the auction conversion rate jumped by 4 percentage points during the last week of February to land at 66%. The rate hit that […] [Read More]

Lease End sees its chance to provide dealerships with a path to more profitability through their used-car inventory. The fintech company wants to connect dealerships with consumers who are near the end of their contracts with launch of Lease End Marketplace. It’s designed to help lessees exit their contracts early while providing dealerships a “front-run” […] [Read More]

America’s Group has moved into another new state: Iowa. The company announced its first location in the Hawkeye State, acquiring Plaza Auto Auction in Mount Vernon. The auction, founded in 1963 by Bob and Norma Edleman, will now operate as America’s Auto Auction Iowa. It is one of the few remaining evening dealer-only sales in […] [Read More]

Carmigo said Monday it has launched a nationwide Independent Auction Marketplace Initiative to provide independent auto auctions with a scalable, auction-controlled online sales channel. And the online auction company has hired Peter Lavallee as executive vice president of marketplace to lead those efforts. Lavallee, whose background includes time with Cox Automotive, DSC/NextGear Capital, Auto Use […] [Read More]