ACV may have started as a dealer-to-dealer digital wholesale platform, but the company continues to build its physical infrastructure as part of a strategy to broaden its offering to commercial consignors. And that includes the acquisition of traditional brick-and-mortar auto auctions like Alliance Auto Auctions and DAA Oklahoma City — which are just two of the entities ACV has purchased — in addition to renting land and opening greenfield sites. The company is 25% of the way towards its goal of at least ... [Read More]

Black Book noticed wholesale prices edged up only 0.01% during the week that finished on the last day of August. That reading came after a week when values stayed steady. But the newest installment of Market Insights released on Wednesday did contain six notable trends — five from an auction perspective and the other from […] [Read More]

Two automotive shipping companies have hit the top 20. That’s the 2024 MOTOR Top 20 Awards, presented by automotive data supplier MOTOR Information Systems. Montway Auto Transport’s Montway Automation Portal and Ship.Cars’ SmartHaul TMS were selected in online voting by industry professionals as two of the 20 most innovative new developments in the auto industry […] [Read More]

Craig Amelung believes that the National Auto Auction Association has a proud past, is living and operating to the fullest in its present and all while keeping a keen eye on its future. That’s why among the NAAA incoming president’s goals over the next year is to identify and nurture a next generation of auction leaders who want to get involved with the association and to draw on the knowledge and experience of those auction veterans who make it successful every day. Amelung is scheduled to take over the reins of the association at its NAAA World Remarketing Convention, in Orlando, Fla., Sept. 30 – Oct.3. Also at the convention, current NAAA president Eric Autenrieth, CEO of Carolina Auto Auction in Williamston, S.C., will become the association’s chairman. “For many years the association has relied on ... [Read More]

Next up on our “Consignor Conversations” series of the Auto Remarketing Podcast is an interview with John Urness, head of vehicle remarketing and customer loyalty at Chase Auto. Urness sat down with Cherokee Media Group senior editor Joe Overby at the Automotive Remarketers Alliance Summer Roundtable in Frisco, Texas, to talk about the value in […] [Read More]

National Auto Auction Association president Eric Autenrieth is looking forward to the session on artificial intelligence at the upcoming 2024 World Remarketing Convention in Orlando, Fla. Autenrieth said his company, the Stanley-Autenrieth Auction Group, has not yet started using artificial intelligence in its operations. “But we have certainly investigated and have kept our eyes open to [Read More]

Well, you can say this about the wholesale market. It’s usually not boring for active buyers, sellers and observers. With children back in school and football season set to begin in earnest, Black Book spotted more intriguing trends on Tuesday to keep consignors and dealers educated so they can celebrate in the retail end zone. […] [Read More]

RB Global, a global marketplace for commercial assets and vehicles and parent company of IAA, has appointed Steve Lewis as chief operating officer, effective Sept. 3. The company said Lewis brings “a honed approach to driving business growth through operational excellence” and extensive senior leadership experience in operations and supply chain management. “Steve has a […] [Read More]

The past two years, starting with its 2022 acquisition of ADESA’s U.S. auto auctions, have arguably been the most transformative in Carvana’s history. But to understand where the online used-car retailer is now and its potential growth trajectory, one must look at what Carvana was doing in the years immediately prior to that acquisition. What was the online retailer up to? [Read More]

Hertz Global Holdings has added two new members to its board of directors. Frank Blake and Lucy Clark Dougherty bring impressive backgrounds to the rental car giant. Blake is the retired chairman and CEO of The Home Depot whose resume also includes roles as non-executive chairman of Delta Air Lines, deputy secretary of the U.S. […] [Read More]