Next up on our “NAAA 75th” series of the Auto Remarketing Podcast is a conversation with AutoTech chairman Tom Adams, who joined the National Auto Auction Association’s Hall of Fame in 1992. Adams talks with Cherokee Media Group president Bill Zadeits about his family’s legacy in the auto auction business, his career path and early […] [Read More]

During the same week independent dealers gathered in Las Vegas for NIADA’s annual convention, it appears managers didn’t feel like gambling in the auction lanes. The latest installment of Market Insights from Black Book showed wholesale values declined another 0.42%, while the estimated average weekly sales rate decreased to 46% last week. “With days to […] [Read More]

Dealers Auto Auction Group has a new chief operating officer. Named to the position was Jim McAnally, who was promoted to the position on May 1. As COO, McAnally will continue reporting to DAAG chairman and CEO David Andrews. “This promotion reflects Jim’s strong leadership and knowledge throughout our industry, along with his absolute commitment […] [Read More]

Consolidation in the auto auction industry continued in a big way on Tuesday, with one of the largest groups expanding its reach in the Southwest. America’s Group announced it has acquired DAA Las Vegas from the McConkey Auction Group, a move that broadens America’s footprint to 38 locations and 19 states. McConkey Auction Group purchased […] [Read More]

Auction Edge refers to its EDGE Spark technology as “groundbreaking.” Now it has a patent to back that up. The company has been granted a U.S. patent for the method used by EDGE Spark to link and integrate legacy systems with modern apps and interfaces, allowing Spark to serve as a bridge that creates easier, […] [Read More]

Black Book spotted more softening of wholesale prices and sales rates last week. But analysts said one overall trend became clear even as wholesale prices decreased another 0.37% and the estimated average weekly sales rate decreased to 48%. “Last week, we saw mixed signals again in the wholesale market,” Black Book said in its latest […] [Read More]

SIXT USA now has the Sunshine State nicely covered. The luxury vehicle rental operation opened its newest Florida location on Tuesday, starting service at Jacksonville International Airport. SIXT now has availability throughout Florida at six other markets, including Orlando, Miami, Fort Lauderdale, Tampa, Fort Myers and West Palm Beach. “As a civil-military airport that is […] [Read More]

Black Book’s Market Insights showed that wholesale values dropped 0.31% last week. Analysts said that level of depreciation exceeded pre-COVID norms for this time of year since values typically drop by 0.22%. As a result, Black Book found that the estimated average weekly sales rate increased to 49%. “June has started off on a positive […] [Read More]

The wholesale vehicle market is rounding the corner from spring with prices continuing to ease from year-ago levels. In May, Black Book’s Used Vehicle Retention Index fell on a year-over-year basis for the eighth consecutive month, coming in at 175.4, down 7.1% from May 2022. While the index has slowed year-over-year each month starting with […] [Read More]

defi MANAGED SERVICING Remarketing, which is the remarketing arm of defi SOLUTIONS, has named its 2022 Auction of the Year. Earnings the award is Manheim Dallas, with second place going to ADESA Cincinnati/Dayton and third place going to ADESA Phoenix. “Manheim Dallas consistently ranks as a volume sales leader,” said Steve Bissett, defi SOLUTIONS vice […] [Read More]