A federal grand jury in Tennessee has indicted a former general manager of Dealers Auto Auction Group’s Murfreesboro location and two others with wire fraud and money laundering in a scheme to defraud the auto auction. The office of U.S. Attorney Henry Leventis for the Middle District of Tennessee announced the charges Monday. Stephanie Baker, […] [Read More]

Auction Insurance Agency, a division of AutoTec, celebrated a milestone anniversary this month. The third-generation family business commemorated its 70 years of providing the wholesale vehicle industry with payment and title guarantee insurance, fraud protection, risk mitigation, B2B arbitration and C2C dispute resolution in an event at the grand atrium of the Barber Motorsports Museum […] [Read More]

Dealers likely aren’t walking the auction lanes with the same intensity that United Auto Workers (UAW) are marching on picket lines. Black Book summarized the latest auction scene on Tuesday, a day after the UAW told 6,800 workers at the Sterling Heights Assembly Plant in Michigan to strike at the facility that builds Stellantis’ best-selling […] [Read More]

Danny McNelis, who is the director of auction relationships at NextGear Capital, is back on the Auto Remarketing Podcast for an interview at last month’s NAAA World Remarketing Convention in Chicago. McNelis chats with Auto Remarketing senior editor Joe Overby about what he has learned through the company’s auction services group and auction advisory board. […] [Read More]

America’s Auto Auction Savannah collaborated with area auto dealers to raise $3,500 for the Susan G. Komen Foundation on Oct. 4. The donation from Vaden Automotive Group, HWY 17 Auto Sales, Hilton Head BMW, Grainger Honda, Hilton Head Honda, The Car Lot of East Dublin, Jarrard Auto Sales and Augusta Mitsubishi, among others, will help […] [Read More]

Mere Rangel, assistant general manager of Big Valley Auto Auction, and Jacob Warren, vice president and chief operating officer of Louisiana’s 1st Choice Auto Auction, join the Auto Remarketing Podcast from last month’s NAAA World Remarketing Convention in Chicago They talk with Auto Remarketing senior editor Joe Overby about their “Understanding Generational Differences in the […] [Read More]

Black Book found a different way to examine the United Auto Workers strike and its impact on the wholesale market. Analysts arrived at their assertion after spotting another 0.36% decline in wholesale prices last week. Black Book pointed out that movement was slightly less than the average downward movements its team spotted during the same […] [Read More]

It was tassel-turning time in the Windy City last month. Coinciding with this year’s NAAA Convention in Chicago, Auction Academy’s seventh class completed the final session of its two-year curriculum, capped by a graduation ceremony. Founded in 2012, Auction Academy now has celebrated the graduation of more than 135 students from its professional training program, […] [Read More]

Stephanie Compton and Lynn Weaver likely have spoken dozens of times by phone during their mutual time in the remarketing industry. But an exchange earlier this fall between the vice president of asset remarketing for Exeter Finance and the recently retired executive director of the Independent Auction Group (IAG) was much different. It was Weaver […] [Read More]

The volume of vehicles coming down the fleet or off-rental lanes at your auction of choice might be picking up in a few months. Cox Automotive posted an analysis of Bobit data that highlighted September sales into large rental, commercial and government fleets increased notably year-over-year. Analysts discovered sales to large fleets — excluding dealer […] [Read More]