ServNet has named two new directors for its board and a new treasurer. The network of independent auto auctions said Thursday that elected to serve as ServNet treasurer is Clark Stallings of Greenville Auto Auction in North Carolina, while elected to the board was Brandon Thompson of Mid-State Auto Auction in Minnesota and Cody Boswell […] [Read More]

Safety has long been a top priority for the auto auction industry and was further strengthened in 2015 when the National Auto Auction Association’s leadership declared that the days of treating it as a goal rather than a value were over. At Manheim, safety is a core value and an integral part of every decision […] [Read More]

In a wholesale vehicle market where prices continue to slow on a week-by-week basis, truck segments had particularly strong depreciation in the last full week of May. According to the latest Market Insights report from Black Book, truck/SUV values were down 0.32% for the week ending Saturday, which is not only more than double the […] [Read More]

Next up on our “NAAA 75th” series of the Auto Remarketing Podcast is a conversation with Kevin Cook, AVP of client services at Manheim. Cook is also the co-chair of the NAAA Auction Standards Committee. He joins the show to talk about his work with the association, its importance to small businesses like auctions and […] [Read More]

Manheim said Wednesday it has launched a new self-inspection mobile app for commercial consignors, called “Next Inspect,” designed to help them capture a vehicle’s condition and decide on next steps. The product is designed to relieve “the inherent friction in today’s off-lease processes and gives fleet owners needed visibility into the condition of their inventory,” […] [Read More]

The National Automobile Dealers Association has a new vice president of human resources. NADA said Wednesday that hired for the role is Dawn Worthington, whose nearly three decades of association HR experience includes time as VP of HR for the National Association of Chain Drug Stores and the National Restaurant Association. Worthington is a certified […] [Read More]

The International Automotive Remarketers Alliance will have a new executive director next month. Appointed to the role is Mark Coleman, who will begin his tenure on June 12, the trade group said Tuesday evening. In a news release, IARA president Jeff Bescher said: “Mark is a 25-year veteran of the wholesale automotive industry. His experience […] [Read More]

We start this auction news roundup with some, well, auctioneering. The 2023 World Automobile Auctioneer Championship was held Friday at Capital City Auto Auction in St. Albans, W. Va., and the auctioneer champion this year was James Benton Pendleton of Salt Lick, Ky. This was announced by the National Auto Auction Association, which purchased WAAC […] [Read More]

Wholesale prices continued to soften as the industry speeds toward Memorial Day weekend, with Black Book noticing declines at about the same rate no matter the vehicle age. Analysts pegged the overall value decrease at 0.13% during the week that closed on Saturday. Black Book shared dissected data in its latest installment of Market Insights […] [Read More]

Next up on our series of podcasts from April’s Auto Intel Summit & NRC Spring Summit is a panel discussion, moderated by Cherokee Media Group’s Joe Overby, that features Jai Macker of EBlock, Terence Rasmussen of CarMax, Jason Ferreri of OPENLANE and Sawyer Walker of America’s Auto Auction. Titled “Balancing Brick & Mortar + Digital […] [Read More]