Next up on the “NAAA 75th” series of the podcast is a conversation between Cherokee Media Group president Bill Zadeits and longtime remarketing industry executive Tony Moorby, a 2000 inductee to the NAAA Hall of Fame. Between now and the NAAA World Remarketing Convention in late September, the show will periodically feature auction owners, association executives […] [Read More]

Rebranding in the wholesale world continued Tuesday. Ritchie Bros. Auctioneers announced that with the successful closing of the IAA acquisition, the company is changing its corporate name to RB Global. The company said in a news release that its common shares will continue to be listed for trading on the New York Stock Exchange and […] [Read More]

We start this auction news roundup with annual awards from  Santander Consumer USA and Chrysler Capital, who recognized their top auctions recently. The honorees were: Santander 2022 National Auction of the Year – Manheim North Carolina 2022 Retail Auction of the Year (Central Region)  – Manheim Dallas 2022 Retail Auction of the Year (Midwest Region) […] [Read More]

If you have interested vehicle purchasers who can get financed, perhaps your store inventory acquisition costs and potential gross profit might be improving. Black Book said on Tuesday that the arrival of May seems to have brought a potential “tipping point” since overall wholesale prices declined for the first time since early February. According to […] [Read More]

Cherokee Media Group has launched an “NAAA 75th” series of its Auto Remarketing Podcast, which commemorates the diamond anniversary of the National Auto Auction Association. Between now and the NAAA World Remarketing Convention in late September, the show will periodically feature auction owners, association executives and other wholesale industry leaders, who will discuss what the association means […] [Read More]

In 2019, as OPENLANE was celebrating its 20th anniversary, Jim Hallett — who at the time was CEO of then-KAR Auction Services — looked back on the company’s 2011 acquisition of OPENLANE as an “inflection point” for KAR that “changed our company overnight.” “Over the years, of all the acquisitions we did, I would look at OPENLANE as being one of the most transformative acquisitions we made in the history of our company,” Hallett said in a January 2019 phone interview. “And we went from being a laggard to a leader with the acquisition of OPENLANE.  “And it didn’t change our company only because we sold more cars. It changed our company because of ... [Read More]

US AutoLogistics, an auto transport provider headquartered in Houston with origin points and terminal locations throughout the South, announced the expansion of its affiliated company, USAL Solutions. The company said in a news release that the move reflects USAL’s evolution and its strategic diversification as it recognizes its 10th anniversary this year. Originally established in […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Tina Pratt, regional sales director of ACV Auctions. What is the top trend you’re watching in remarketing/wholesale automotive this year? Looking forward into 2023 […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Tiffani Hall, director of remarketing operations at Primeritus Financial Services. What is the top trend you’re watching in remarketing/wholesale automotive this year? The wholesale […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Millicent McIntyre, senior director of buyer services at IAA. What is the top trend you’re watching in remarketing/wholesale automotive this year? Our industry continues […] [Read More]