Auction Management Solutions (AMS) shared this week that the firm has something notable brewing in Wisconsin. AMS announced that Greater Milwaukee Auto Auction (GMAA) has partnered with the firm for business development consulting. “We are very excited to be a part of the AMS Group of independent auctions,” GMAA owner Kristie Letizia said in a […] [Read More]

Perhaps the bartender hasn’t yet made the last call, but the spring market might soon be hitting closing time. Black Book reported on Tuesday that wholesale prices moved only 0.14% higher last week. While that’s on par with what analysts noticed during the same week in 2017 to 2019, the movement is 10 basis points […] [Read More]

ACV has expanded yet again, but this time, it’s within the vehicle transport and logistics side of the business. The company said Monday that its ACV Transportation unit, which provides vehicle logistics solutions, is now offering its services for vehicles purchases outside of the ACV platform. “The mission of ACV Transportation continues to be making […] [Read More]

This feature is part of Auto Remarketing’s upcoming “Beyond the Transaction” edition, which is the May print issue of the magazine. It is available for Cherokee Media Group Premium subscribers now. Whether determining if a trade-in should be retailed or wholesaled or ensuring that it’s mechanically and/or cosmetically certifiable, used-vehicle reconditioning is the lifeblood of any retail used-car operation, but can’t happen without having good technicians. And though the struggle to find and keep technicians isn’t new, it’s still very real. Just ask Greg Cole, dealer principal of Athens Chevrolet in Athens, Ga. Cole said his Georgia dealership is in “a situation that is unique to me.” About 20 miles west of his store is Winder, Ga., home of one of Carvana’s inspection and reconditioning centers. That puts Cole’s store in ... [Read More]

This feature is part of Auto Remarketing’s upcoming “Beyond the Transaction” edition, which is the May print issue of the magazine.  It is available for Cherokee Media Group Premium subscribers now.  Electric vehicles, new technologies designed to help drivers drive more safely and the sheer need for speed when it comes to finding the right used vehicle for their retail and wholesale customers, has caused auctions and other wholesale providers to rethink vehicle reconditioning. Leading the way is [Read More]

Exeter Finance senior vice president of asset remarketing and repossession Brent Huisman was honored as 2024 Consignor of the Year during last month’s CAR Conference in Scottdale, Ariz. Huisman has served as Exeter’s asset remarketing and repossession leader since 2019, responsible for the company’s asset disposal and repossession efforts across the U.S. Before joining Exeter, […] [Read More]

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]