Doug Hadden, VP of field operations for ACV Auctions, returns to the show to talk with Cherokee Media Group senior editor Joe Overby during last month’s NIADA Convention. They discuss Hadden’s presentation on how dealers can “use data to acquire the best cars for your lot,” preparing for market volatility, challenges and opportunities for independent […] [Read More]

The off-rental lane at your favorite auction might have a notable selection of electric vehicles from Hertz during a future sale stemming from the rental-car company’s latest push of EVs. This week, Hertz hosted what it called one of the largest-ever EV test drives in the country, giving rental customers and rideshare drivers the chance […] [Read More]

That “summertime slowdown” Black Book previously mentioned is intensifying quickly, as analysts spotted the largest single-week wholesale value drop since mid-January. According to the newest installment of Market Insights, Black Book reported that wholesale prices sunk 0.73% last week even as the estimated average weekly sales rate improved “slightly” to 47%. “Sellers are beginning to […] [Read More]

Cox Automotive is taking its Upside out west. After a year of aggressive expansion in the Eastern U.S., Cox Automotive has launched its Upside wholesale solution in California. Upside combines three Cox Automotive brands — Kelley Blue Book Instant Cash Offer, vAuto and Manheim Marketplace — using a data-driven approach designed to help dealers take […] [Read More]

For the third consecutive year, the Enterprise Holdings ROAD Forward initiative is awarding grants to more than 600 local nonprofit organizations as part of Enterprise’s five-year, $55 million ROAD Forward commitment. This year’s round of grants to local nonprofits, totaling more than $7 million, will be distributed from the organization’s 70-plus operating groups in the […] [Read More]

Third-party logistics brokerage Montway Auto Transport has partnered with digital remarketing technology provider Auction Edge to make transportation ordering for auction purchases accessible through EDGE Pipeline. The company said its “one-click” solution for vehicle transport in now available at select auctions within the platform. The collaboration is designed to enable dealers to efficiently manage their […] [Read More]

Black Book observed signs of what analysts called the “summertime slowdown,” as last week included the Fourth of July. While some auctions and dealers might have backed off a bit because of the holiday falling on a Tuesday, Black Book still saw another 0.47% decline in wholesale values. Analysts added the estimated average weekly sales […] [Read More]

Dealers Auto Auction Group has named David Diedrich its chief client officer, the company announced. Diedrich was promoted from vice president of national sales and operations. He joined DAAG in 2020 as director of national sales before being elevated to the VP position. The company said he has been an integral part of its growth […] [Read More]

The McConkey Auction Group is expanding. And this time, it’s through an all-new greenfield location. The auction group announced Thursday that it has launched MAG Alaska, a hybrid auction located on four acres in Anchorage. The location includes a 300-unit consignment lot, test track and vehicle inspection services. Vehicles are actually sold through the company’s […] [Read More]

Like many of us, the Black Book team celebrated the Fourth of July on Tuesday, so its newest installment of Market Insights appeared on Wednesday, giving analysts the chance to compile their data wrapping up June and glimpsing into the first day of the new month. What Black Book found was all 22 vehicle segments […] [Read More]