Cox Automotive has added another brand to its collection. The industry giant acquired onsite fleet maintenance provider Corcoran’s Mobile Services, further expanding Cox’s nationwide fleet maintenance coverage. “We thrive on delivering a seamless experience 24/7, powered by our more than 1,400 elite technicians, ensuring customers’ fleets keep moving,” said Ted Coltrain, vice president of operations […] [Read More]

Black Book reported wholesale values dropped 1.10% last week, the largest decrease analysts spotted during a single week in 11 months. The movement prompted Black Book to ask, “Is this a wakeup call or just a blip in the market in this wild world of the car business?” The price drop during the week that […] [Read More]

Jeremy Cunningham has been named general manager of Tallahassee Auto Auction, one of two ServNet auctions operated by BSC America. BSC president R. Charles Nichols said Cunningham comes to Tallahassee with more than 20 years of industry experience and skills gained in both the auto auction and fleet/lease/repo arenas. “He has a keen understanding of […] [Read More]

There appears to be a light at the end of the tunnel for off-lease vehicles, the auction segment whose volumes were hit hardest in the aftermath of COVID-19, and for overall commercial consignment. While an immediate turnaround in volumes isn’t imminent, macro-economic conditions suggest “an improving outlook for commercial off-lease volumes,” OPENLANE CEO Peter Kelly said in the company’s second-quarter earnings call last week “I believe that the headwinds of the last three years look set to ... [Read More]

Tom Adams Jr. once flew to Cartagena, Colombia to recover 16 high-end, late-model cars that Auto Insurance Agency, better known as AIA, had issued coverage policies for. He spoke no Spanish and had no idea where he might find the cars. After a series of adventures, or perhaps misadventures, he managed to recover them and […] [Read More]

Next up on our NAAA 75th series commemorating the diamond anniversary of the National Auto Auction Association is a conversation with Jack Neshe, general manager of ADESA Boston. Neshe, who was the 2013-2014 president of NAAA, talks with Cherokee Media Group senior editor Joe Overby about the importance of trade groups, how NAAA helped his […] [Read More]

The wave of digitalization has washed over all sectors, and auto sales are no exception. Going virtual has completely transformed the auto auction landscape, providing numerous advantages and drastically improving the experience for many buyers and sellers. The industry’s adoption of virtual platforms illustrates the power and potential of digital technologies in reshaping traditional business […] [Read More]

Black Book reported another wholesale price decline happening at auctions last week, but the decrease wasn’t as significant as analysts spotted earlier this summer. During the stretch that closed on Saturday, Black Book said wholesale values softened another 0.37%, while the estimated average weekly sales rate continued to improve and ticked up to 49%. “After […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from the NIADA Convention in June is a conversation with Derek Hansen, vice president of operations for the inventory management solutions group at Cox Automotive. Hansen talks with Cherokee Media Group senior editor Joe Overby about how independent dealers can make the most of unpredictability, […] [Read More]

Perhaps if rental car companies aren’t getting quite as much in the auction lanes as they once did, they evidently are raking in notable revenue when those vehicles are in their fleets. On Tuesday, Emburse, a travel and expense management firm, announced the results of its Q2 2023 SpendSmart Travel Trends report. This quarterly report […] [Read More]