It’s likely to be a more moderate and steady year overall, but what a start to 2025 for wholesale auction sales volume. Last month marked the strongest January for auction sales in five years, according to the latest AuctionNet data and analysis from the National Auto Auction Association, and growth was especially noticeable for late-model […] [Read More]

Carvana’s next Megasite will be right in its backyard. Well, one of its backyards, anyway. In keeping with its one-a-month addition of combined auction/reconditioning centers, the online used-car retailer announced Tuesday that ADESA Indianapolis will be the site of its newest Megasite. The site in Plainfield, Ind., is a relative stone’s throw from ADESA’s headquarters […] [Read More]

Next up on our Auto Remarketing Podcast series from Used Car Week 2024 is the “Consignor Conversation” panel featuring leaders from the OEM, rental car and bank/lender segments of the wholesale auto industry. Moderated by Joe Overby of Cherokee Media Group, the panel included: Basem Tartir, Mazda North American Operations Nate Lattimer, Enterprise Holdings Jeff […] [Read More]

Cox Automotive is launching a certification program designed to help its Manheim auction locations safely and effectively handle used electric vehicles. The Manheim Location EV Certification Program, developed and administered by Cox Automotive’s EV Battery Solutions team, offers three levels of certification. The base level focuses on foundational practices such as battery health monitoring, safe […] [Read More]

Entering 2025, auto dealers are having to address continued changes with inventory acquisition plans, primarily due to volatile wholesale prices and a scarcity of quality vehicles at auctions. Traditional methods, such as relying on trade-ins and auction purchases, have become increasingly unreliable, prompting dealers to seek innovative strategies to maintain profitability and meet consumer demand. […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a panel discussion featuring Auto Remarketing’s 2024 Women in Remarketing honorees and moderated by Brenda Rios of Ally Financial. Listen to the episode in the window below and stay tuned for more from UCW 2024. And […] [Read More]

America’s Group has added another state to its auto auction footprint: New Jersey. The rapidly expanding auto auction company said Wednesday that it has acquired Car-Tech Auto Auction in Freehold, N.J., located roughly 60 miles northeast of Philadelphia and about 50 miles south of New York. The addition of Car-Tech expands America’s Group’s presence to […] [Read More]

Auto Hauler Exchange announced a major financial boost. The digital vehicle transportation marketplace has raised $5 million in a Series A funding round led by MHS Capital. The company said it plans to use the new capital to scale its operations, expand its team and enhance technology for its platform, which directly connects vehicle haulers […] [Read More]

Notable indictors such as wholesale values and conversion rates show that auction landscape is “very stable” after the first month of the year, according to Black Book’s newest installment of Market Insights released on Tuesday. But changes could be arriving soon. “The market continued to be very stable last week with depreciation following a normal […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a panel discussion with a group of dealers and experts explaining how the wholesale and retail markets are uniting nowadays. Moderated by CarOffer CEO Zach Hallowell, the panel featured Muhammet Citiroglu of Marathon Motors, Peter Hermes […] [Read More]