There might be several used-car managers or buyers for a dealership or group who began a sentence recently with some salty language followed by, “This feels like 2021.” Black Book reported all 22 vehicle segments that analysts monitor in the wholesale market increased in value last week. It’s the first time that’s happened since November […] [Read More]

Call them the bus driver, because ServNet Auction Group is taking folks to school. Or at least creating an easier path for them to get there. The auction group announced this week that it has awarded $44,500 in scholarships to 14 students pursuing higher education opportunities as part of the ServNet Scholarship Program. The program […] [Read More]

The merger of XLerate Group and America’s Auto Auction — announced in late 2021 and completed in early 2022 — to form what’s now known as America’s Group was “about more than just a business transaction,” CEO Chuck Tapp says. “It was an opportunity to create a more robust, capable network that would ultimately serve our customers better,” Tapp said in a news release earlier this year. “Our goal was to build a stronger company that could not only meet the demands of today’s automotive market but also adapt to its evolving needs.” Some 40 months into that merger, America’s Group has ... [Read More]

OPENLANE will have a new executive vice president and chief financial officer in place effective on May 27. Late on Tuesday, the company named Brad Herring as its incoming CFO to be responsible for leading all financial, reporting and investor-facing functions across OPENLANE, including the company’s capital investment strategy. According to a news release, Herring […] [Read More]

Salvato Auctions said it will officially launch this summer. But on Tuesday, the auction platform for insurance vehicles announced the appointment of Dan Oscarson as head of global buyer development. With more than 30 years of experience in the auto auction industry, Salvato highlighted Oscarson brings deep expertise and proven leadership to help the company […] [Read More]

In this episode of the Auto Remarketing Podcast, Plug founder and CEO Jimmy Douglas sat down with Auto Remarketing senior editor Joe Overby at the Auto Intel Summit this month to talk all things used electric vehicles. They discuss the Plug’s product expansion to help dealers navigate EV trade-ins, its budding partnership with brick-and-mortar auto […] [Read More]

When it comes to leasing, it has been well documented that electric vehicles have bucked the overall industry trend in recent years: EV leases are rising, while overall leasing numbers have dropped. In fact, 31% of new EV transactions in 2023 were leases, according to Experian’s Q4 2024 State of the Automotive Finance Market report, […] [Read More]

In a couple of specific cases, it’s been nearly four years since Black Book has seen wholesale prices for certain vehicles rise in price this much in a single week. And dealers and consignors likely don’t need too many guesses to pinpoint why it happened during the week that closed three days before individuals had […] [Read More]

ADESA is bringing its online tools together. The wholesale auto auction has added its ADESA Simulcast technology to its upgraded digital platform and mobile apps, integrating ADESA’s two flagship digital auction products — Simulcast and ADESA Clear — together in a single interface, along with a variety of value-added tools and features. “ADESA continues to […] [Read More]

Last month was the strongest March for auto auction sales in four years, capping a first quarter that beat year-ago figures by nearly 5%, according to the latest AuctionNet data and analysis from the National Auto Auction Association. March also marked an all-time high for sales of electric vehicles at auction, NAAA said. Overall, there […] [Read More]