IAA is expanding its foothold in the Middle East. The global digital marketplace, which serves more than 170 nations, has launched a new market alliance with Nejoum Al Jazeera in the United Arab Emirates, parent company RB Global announced. “We are excited to expand IAA’s global footprint with the announcement of a new market alliance […] [Read More]

In what we’re proud to call an annual tradition, Cherokee Media Group’s Women in Remarketing program, sponsored by Ally, has evolved into a celebrated franchise of Auto Remarketing and a key pillar of the National Remarketing Conference and Used Car Week. For more than 15 years, Women in Remarketing has recognized excellence among the leaders of […] [Read More]

For its 80th anniversary, Manheim Pennsylvania went back to the ‘80s — and raised money for charity. Cox Automotive’s flagship auction held its 16th annual Xtreme Spring Sale event and fundraiser last week, highlighted by a 1980s-themed closing gala complete with a DeLorean, arcade games, a graffiti wall and plenty of big hair and acid-washed […] [Read More]

SIXT USA has gone Hollywood — in Florida. The rental car company opened its latest U.S. branch at the Seminole Hard Rock Hotel & Casino in Hollywood, Fla. The new location, SIXT’s 24th in Florida, is the beginning of a partnership with Hard Rock International and Seminole Gaming to provide exclusive discounts at SIXT locations […] [Read More]

Being about a month ahead of schedule often is a good thing, like completing an expensive or long-term project. Evidently, the wholesale market might be that far ahead of schedule, too. Black Book explained the situation in this week’s installment of Market Insights. “The market had another impressive week,” analysts said in the report that […] [Read More]

As his team can attest, Dave Kang will “endlessly quote and reference” Moneyball, the book and film about the early 2000s Oakland Athletics.  It’s not a traditional sports movie, but rather a story of a unique data-based decisioning approach that changed the face of Major League Baseball.   “The story about how you take a […] [Read More]

Enterprise Mobility is making a big commitment to fight hunger and promote social equity – $200 million big. The parent company of Enterprise Rent-A-Car, National Car Rental and Alamo said it will provide more than $200 million in new funding to its Fill Your Tank program and ROAD Forward initiative, which support local nonprofit organizations […] [Read More]

The vernal equinox arrived on Thursday, but Cox Automotive suspects that the peak of the spring market might have arrived by the middle of March. Analysts reported that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) dropped from February during the first 15 days of March. The mid-month Manheim Used Vehicle Value […] [Read More]

Cox Automotive celebrated eight independent auctions and one industry executive during its 16th annual OVE Awards, which honor the top-performing auction partners on the digital wholesale platform. The awards ceremony took place on Monday in San Diego at the start of the Conference of Automotive Remarketing (CAR). The honors based on performance in 2024 went […] [Read More]

Here’s a positive comparison back to 2020 when the automotive industry faced unprecedented challenges from the pandemic. The National Auto Auction Association said on Wednesday that member auctions reported nearly 7.6 million vehicles sold in 2024, representing the highest sales volume for the industry since 2020. According to the 2024 NAAA Auction Industry Survey, more […] [Read More]