Fueled in part by strengthening values of compact cars and a Tesla Cybertruck hitting the wholesale market, “February concluded with robust performance,” Black Book said in its latest weekly report. Analysts reinforced their assertion because overall depreciation was just 0.16% during the week that included Leap Day and the first two days of March. Black […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2024 in Las Vegas last month is a conversation with two executives leading the North American marketplaces at OPENLANE: senior vice president Shiv Dutt, who is also the president of the company’s US marketplace; and SVP Trevor Henderson, who is president of […] [Read More]

Auto auction veteran John Tharp has joined Carmigo as its new vice president of sales. Tharp comes to the online marketplace and wholesale platform for dealerships with more than 35 years of experience in the auto industry, most recently as general sales manager of America’s Auto Auction-Baton Rouge. He previously served as national program manager […] [Read More]

AutoIMS vice president of client success Ann Cammarata plans to retire effective April 1, the company announced. Cammarata has had a “notable” impact on the company and the remarketing industry during her eight years on staff, AutoIMS said in a news release, adding, “Her leadership has been instrumental in driving AutoIMS’s growth and success.” She […] [Read More]

Many colleges and universities might be on spring break this week, but the National Auto Auction Association is still thinking about academics. The organization reminded the wholesale industry that the NAAA Warren Young, Sr. Scholastic Foundation has opened its scholarship application for the 2024-2025 academic year. NAAA said applications will be accepted until March 28. […] [Read More]

CarGurus has gone all in on CarOffer, closing its deal to take over 100% ownership of the digital wholesale platform in December. But, the company said in its fourth-quarter 2023 earnings call, getting a return on that investment is going to take time. CarGurus’ digital wholesale operation recorded ... [Read More]

Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2024 earlier this month in Las Vegas is a conversation with Derek Hansen, vice president of operations, inventory and management solutions at Cox Automotive. Listen to full conversation in the window below and stay tuned for more from NADA Show 2024. [Read More]

For the second time this month, OPENLANE made an announcement involving an executive’s retirement. The one to surface on Tuesday involved Mike Eliason, the company’s treasurer and vice president of investor relations. OPENLANE said Eliason is retiring after more than 25 years at the company, effective June 1. According to a news release, Eliason will […] [Read More]

If your store specializes in high-line vehicles, the auction scene might look more appealing. But if you recently took several luxury trades that now need to go down the lanes, the wholesale market might be a little rough, even as Black Book sees more intense signals of the annual spring market. Black Book reported overall […] [Read More]

America’s Auto Auction Charleston has brought Daniel Buttrey on board as its new digital sales executive. In a news release, the auction said he’ll focus on “assisting clients in growing and expanding their digital platform to enhance their business operations.” Buttrey comes from an auto industry family that has owned a dealership in North Charleston, […] [Read More]