Wholesale

Monday’s solar eclipse lasted less than five minutes. The duration of this year’s spring market doesn’t appear to be that short, but Black Book is already seeing signs of fading. Analysts said wholesale prices still rose 0.24% last week, but that wasn’t as much as the 0.39% lift Black Book recorded a week earlier. “The […] [Read More]

America’s Group has appointed Ron Kruczynski as its new chief financial officer. The parent company of America’s Auto Auction and AXLE Funding said the addition shows its “commitment to strengthening its financial structure and reinforcing its position in the used car sales industry.” Kruczynski will be responsible for overseeing all financial operations of America’s Group, […] [Read More]

Cherokee Media Group president Bill Zadeits catches up with Larry Dixon, who is vice president of Auction Data Solutions/AuctionNet at the National Auto Auction Association, during last month’s CAR Conference in Phoenix. They discuss Dixon’s presentation at the conference, which included highlights from NAAA’s annual member survey, auction volumes, conversion rates, vehicle affordability, used-car demand […] [Read More]

Cox Automotive modified its executive structure overseas. Last week, the company announced it has promoted Mike Mosier to managing director of its Manheim businesses in continental Europe. Mosier will report to chief strategy officer (international) Craig Mailey, with Manheim leaders in Germany, Spain and Portugal reporting to this new managing director. Having lived in Germany […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2024 is a conversation with Stephen Smith, who is vice president of product & engineering at Cox Automotive. Smith talks with Cherokee Media Group’s Joe Overby about electric vehicle battery health as well as the recon, repair and remarketing of EVs and […] [Read More]

In what we’re proud to call an annual tradition, Cherokee Media Group’s Women in Remarketing program, sponsored by Ally, has evolved into a celebrated franchise of Auto Remarketing and a key pillar of the National Remarketing Conference and Used Car Week. For more than a decade, Women in Remarketing has recognized excellence among the leaders of […] [Read More]

Greenville Auto Auction in Greenville, N.C., has been recognized by United Auto Credit Corporation as its 2023 Auction of the Year. United Auto Credit said the award celebrates the “exceptional performance and unwavering dedication” displayed by the team at Greenville Auto Auction in delivering outstanding service and support to the company. “Greenville Auto Auction consistently […] [Read More]

Manheim Pennsylvania held its annual Xtreme Spring Sale event March 19-22, raising $86,000 for Aaron’s Acres, a local nonprofit that provides recreational opportunities for young people with disabilities. The auction said the sale has been its largest sales event for 15 consecutive years. The 2024 event hosted 7,000 dealers onsite and via Simulcast, who bid […] [Read More]

Exeter Finance honored five auto auctions as winners of its 2023 Auction eXcellence Awards during last week’s CAR Conference in Phoenix. America’s Auto Auction Dallas earned the award for Division I, with Big Valley Auto Auction in Donna, Texas, claiming the Division II honor and America’s Auto Auction Kansas City winning Division III. Tallahassee Auto […] [Read More]

Manheim Central Florida in Orlando, Fla., has been named 2023 Auction of the Year by Westlake Financial Remarketing. Westlake Financial director of remarketing Michael Jari said Manheim Central Florida’s “remarkable efforts and operational efficiency have allowed them to clear cars quickly while remaining Westlake’s second largest auction by total volume.” Auctions are ranked based on […] [Read More]