America’s Auto Auction has selected Jay Hinchman as general manager of its newly acquired Las Vegas auction. Hinchman has 25 years of experience in the auto industry, most recently as president of High Tech Locksmiths. He has also served as GM of ADESA auctions in New Jersey and Las Vegas, regional vice president of then-KAR […] [Read More]

Auction Academy has announced its latest class group and for the first time, it includes a commercial consignor. Among the enrollees in the program’s Class 8 is Reshard Taylor, a regional auction manager for Exeter Finance. Taylor has been in the auto finance servicing industry since 2007, serving in various roles in repo and remarketing […] [Read More]

Automotive industry veteran Chris Barile has been named new sales manager of Mid Kansas Auto Auction in Wichita, Kan. He will oversee the sales, fleet lease and internet sales departments. “We’re thrilled to add Chris to our leadership staff,” Mid Kansas Auto Auction general manager Trevor Ottley said. “He has a great resume and fantastic […] [Read More]

Next up on our NAAA 75th series of the Auto Remarketing Podcast commemorating the diamond anniversary of the National Auto Auction Association is a conversation with Charlotte Pyle, who was the 2012 president of NAAA. Pyle, co-owner of Capital City Auto Auction and Mountain State Auto Auction in West Virginia, is also secretary on NAAA’s […] [Read More]

Perhaps dealers aren’t paying as much for a vehicle at auction, but they might be spending a bit more in reconditioning to get that unit to stand tall on their retail lot. That’s two of the observations from Black Book’s team, which reported that wholesale values dropped another 0.53% last week even while the estimated […] [Read More]

June showed “more precipitous” declines in wholesale vehicle prices than May, and that drop-off has not let up so far this month, says ADESA chief economist Tom Kontos in his latest monthly report. Citing data from ADESA US Analytical Services, the Kontos Kommentary report released Friday said average wholesale vehicle values in June were at […] [Read More]

Dealer Trade Network, an inventory optimization system for new car dealerships, has partnered with Automotive Ventures’ DealerFund and added Steve Greenfield as a strategic advisor to the company. Dealer Trade Network said the Automotive Ventures DealerFund has “the most progressive, technology-driven dealership principals as limited partners,” and cited Greenfield’s “extensive industry expertise” as an asset […] [Read More]

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]