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]

United Auto Credit has named its 2025 Auction of the Year: North Carolina’s Greenville Auto Auction. The auction, which also won this award in 2023, was recognized for its strong performance, operational excellence and organizational culture. United Auto Credit said the award shows Greenville AA’s “reputation as one of the most efficiently run auctions in […] [Read More]

The leader of America’s Group’s ultra-aggressive expansion strategy has taken another step up the corporate ladder. Chris Elliott, who has served as the company’s vice president of mergers and acquisitions for the past two-plus years, announced on LinkedIn he has been promoted to senior vice president of mergers and acquisitions. Since joining America’s in November […] [Read More]

Beyond wholesale prices — which ticked up 0.13% last week — two other key metrics Black Book tracks for each edition of Market Insights are the auction conversion rate and the estimated used retail days to turn. And both of those trends moved lower a week ago, prompting analysts to declare an “increasingly retail-aligned buying […] [Read More]

The National Auto Auction Association announced that its Warren Young, Sr. Scholastic Foundation is now accepting applications for its annual scholarships. The foundation will award up to 12 $10,000 scholarships to students planning to attend an accredited four-year school — eight based on academic standing and up to four based on financial need — and […] [Read More]

At the start of last year, OPENLANE CEO Peter Kelly challenged his teams with four key annual goals. Those were: to grow the customer base and vehicle transaction volumes, improve financial performance, and position OPENLANE for long-term success. During the webcast to announce OPENLANE’s fourth quarter and full-year 2025 earnings results, Kelly said the company […] [Read More]

“It’s not about the Xs and the Os. It’s about the Jimmys and the Joes.” This coach-speak (or variations of it) comes up often in conversations about football. It might also apply to “Battery Royale” caged robot fights in Las Vegas, which is where we find this Jimmy (Douglas) and Joe (Overby). The Plug CEO […] [Read More]

One of the foundational parts of Used Car Week each year is the lively conversation among the Women in Remarketing honorees. Moderated again by Brenda Rios of award program sponsor, Ally, hear the valuable perspectives and wisdom from some of the 2025 selections through this episode of the Auto Remarketing Podcast available in the window […] [Read More]

Wholesale auction sales started the year on a high note, with particularly good signs showing up in segments that lean heavily toward off-rental and off-lease. According to AuctionNet data from the National Auto Auction Association, there was a 2.2% year-over-year spike in January for auction sales, adjusting for selling days. Compared to December numbers, they […] [Read More]

Don’t let multiple winter storms and snow piled high on roadsides fool you. The wholesale vehicle market is showing the slightest signs of spring. And vehicle values are increasing faster than expected. That’s according to industry observers releasing their monthly insights on used-car values, which show an earlier and quicker rise in what vehicles are […] [Read More]