Wholesale
Carvana’s newest auction-recon Megasite coming to Las Vegas
Tuesday, Oct. 8, 2024, 04:08 PM
Auto Remarketing Staff
Another month, another Megasite. Carvana said it’s preparing to convert the ADESA Las Vegas auction into a combination auction-reconditioning facility. The online used-car retailer said it will add inspection and reconditioning center capabilities the existing wholesale auction site, which will continue all of its current digital and in-lane auction operations. The location will anchor the […] [Read More]
Remember your wins & build a legacy: Lessons learned from soccer, fish hatchery & remarketing
Tuesday, Oct. 8, 2024, 03:03 PM
Joe Overby, Senior Editor
Holly Vollant has the toughness it takes to be a winner.
She started her remarketing career at a small independent auto auction across the street from where she grew up. She took a hands-on approach to “dive into every aspect of the business” from parking cars to transporting them.
Vollant has worked her way to leadership roles at Holman and with industry associations. But she’s also a small business owner, running her family-owned fish hatchery.
Hailing from a small town in Northwest Pennsylvania, Vollant thrives in the outdoors and loves football – arguably the grittiest of American sports.
And, hell, her favorite team is the Philadelphia Eagles ... [Read More]
J.D. Power launches online auction in collaboration with SIA
Tuesday, Oct. 8, 2024, 03:00 PM
Auto Remarketing Staff
J.D. Power is entering the auto auction business. The market research firm is collaborating with Superior Integrated Auctions to launch J.D. Power Marketplace, an online auction marketplace for auto dealers designed to “bring the traditional auction process online,” the companies said in a news release, giving dealers access to more than 30,000 front-line ready vehicles. […] [Read More]
America’s Group promotes Phelps to GM of Richmond location
Monday, Oct. 7, 2024, 04:20 PM
Auto Remarketing Staff
Joe Phelps has been promoted to general manager of America’s Auto Auction Richmond, America’s Group announced. Phelps, who has worked in the auction industry for more than 25 years, had been serving as national institutional operations manager for America’s Group, which includes America’s Auto Auction and AXLE Funding. “I’ve spent nearly three decades in this […] [Read More]
NAAA convention news: Tribble honored as Industry Pioneer, new memorial scholarship, AutoIMS’s latest donation
Monday, Oct. 7, 2024, 01:12 PM
Auto Remarketing Staff
The National Auto Auction Association announced its latest choice for its Industry Pioneer Award, a new memorial scholarship and donations on behalf of its outgoing president last week as it wrapped up the 2024 NAAA World Remarketing Convention in Orlando, Fla. Tribble selected as Industry Pioneer Larry Tribble Jr., chairman and owner of Southern Auto […] [Read More]
Remarketing Executive of the Year Stokes has ‘Midas touch’ that creates excellence
Monday, Oct. 7, 2024, 12:09 PM
Andrew Friedlander, Associate Editor
When her phone rang at the end of an auction sale last month, Debbie Stokes was in no mood to answer it.
“I’m like smack dab in the middle of doing everything,” she recalled. “I look at my phone and it’s showing a number I didn’t have saved.
“I’m like, ‘I don’t know who this is. Do I answer or do I not?’ Well, if I don’t answer I’m just going to have to call it back anyway, so I might as well just get this over with.”
That turned out to be the right call ... [Read More]
Amelung takes gavel as NAAA president, Rogers elected VP
Friday, Oct. 4, 2024, 02:11 PM
Auto Remarketing Staff
Craig Amelung has officially become president of the National Auto Auction Association for the 2024-25 term, taking office when outgoing president Eric Autenrieth passed the gavel in a ceremony during the 2024 NAAA World Remarketing Convention in Orlando, Fla. During the convention’s all-member meeting, Tommy Rogers was elected vice president. Amelung is a 32-year auto […] [Read More]
NAAA inducts AutoTec CEO Chuck Redden into its Hall of Fame
Friday, Oct. 4, 2024, 11:44 AM
Auto Remarketing Staff
Chuck Redden has become the latest industry leader to join the National Auto Auction Association Hall of Fame. The CEO of AutoTec and affiliate companies Auction Insurance Agency, AutoCheck Auctions, VIN CrossCheck, Centennial Casualty Company and AuctionACCESS was inducted during the 2024 NAAA World Remarketing Convention in Orlando, Fla. The Hall, established in 1968, recognizes […] [Read More]
NAAA & ARA honor Kapusta as Bobit Industry Icon
Thursday, Oct. 3, 2024, 01:06 PM
Auto Remarketing Staff
The National Auto Auction Association (NAAA) and the Automotive Remarketing Alliance (ARA) celebrated Steve Kapusta this week at the 2024 NAAA World Remarketing Convention in Orlando, Fla. The senior vice president of Ally Remarketing Services for SmartAuction received the Ed Bobit Industry Icon Award. Jointly created by NAAA and ARA in 2015, the annually given […] [Read More]
Lane watch: Hurricane Helene impact just starting
Wednesday, Oct. 2, 2024, 02:30 PM
Auto Remarketing Staff
Hurricane Helene crashed into the Florida coast last Thursday, creating unprecedented damage in a wide swath of the Southeast. After reviewing data from the week that closed on Saturday, Black Book already noticed the wicked storm influencing the wholesale market, with analysts predicting additional impact to prices and more going forward. For now, Black Book […] [Read More]