Location Services, an Indianapolis-based forwarding company in the servicing segment of automotive, said Tuesday it has acquired Strategic Remarketing Solutions, which is a forwarding and remarketing company. In a news release, Location Services CEO Jerry Kroshus said, “We are thrilled to have the SRS team join our organization. SRS’s penetration into the regional bank and […] [Read More]

IAA’s global operation, which serves more than 170 nations, is adding one more. IAA’s parent company, RB Global, announced the digital marketplace has entered into a market alliance with North America Trading in the Middle Eastern country of Oman. “North America Trading has an excellent reputation and team located in Oman who will help IAA […] [Read More]

To kick off our series of Auto Remarketing Podcast episodes from Used Car Week 2024 in Scottsdale, Ariz., Alan Lang of Cox Automotive joins the show. Lang, who is senior vice president of physical services and auctions at Cox Automotive, chats with Cherokee Media Group senior editor Joe Overby about the changing infrastructure of wholesale […] [Read More]

Along with revisiting what’s going on with 2023 and 2024 model year full-size pickups, Black Book gathered its wholesale market observations while some of the company’s top executives and experts were in Scottsdale, Ariz., for Used Car Week. What Black Book reported on Tuesday was an overall wholesale market decline of 0.46% last week, which […] [Read More]

Kansas City. Houston. Las Vegas. And now: Boston. Carvana announced last week that it is planning for an auction and reconditioning Megasite at its ADESA Boston location, which will include Carvana’s Inspection and Reconditioning Center (IRC) capabilities at the existing site along with maintaining all digital and in-lane auction operations. ADESA Boston, located near downtown […] [Read More]

Cox Automotive executive vice president and vAuto founder Dale Pollak is leaving the company at the end of 2025, Cox announced Thursday. Over the next year, Pollak plans to transition key customer relationships and thought leadership strategies, while also continuing his National Automobile Dealers Association teachings. He will also represent Cox Automotive at NADA Show […] [Read More]

DAA Northwest celebrated its anniversary with a gift — to charity. The 32nd annual DAA Anniversary Fundraiser and Sale, held Nov. 6-7, is part of the auction’s tradition of philanthropy, dating to 1997. Since then, DAA’s fundraising events have raised more than $2 million for its community partners, which now include four local nonprofits: Vanessa […] [Read More]

The hurricanes that hit the Southeast this autumn drove a sequential decline in wholesale auction sales last month, but October volumes were still up double-digits year-over-year, as are year-to-date auction sales through 10 months. That’s according to the latest AuctionNet data from the National Auto Auction Association. There were 621,507 wholesale unit sales in October, […] [Read More]

Two online wholesale vehicle marketplaces had satisfying third-quarter results and touted their technological advantages as their strongpoints, with artificial intelligence looming large. They continued to face inventory headwinds, however, and that's an issue that is expected to continue for at least several more quarters. OPENLANE reported third quarter revenue of ... [Read More]

Holman is doubling down on WEX. WEX, a global commerce platform designed to simplify the business of running a business, announced it has extended its agreement with Holman, one of North America’s largest integrated automotive service companies, through 2030. The deal continues a partnership of more than 30 years between the companies in the U.S., […] [Read More]