With the spring market ready to heat up like the weather, Auto Remarketing reached out to auction executives and other remarketing leaders to gain some clarity on what dealers could be seeing in the lanes or online when they are searching for wholesale inventory. Despite the volume constraints that remain well-known and documented, the auction […] [Read More]

Southern Auto Auction is commemorating its 65th anniversary with a slew of promotions this spring that get started later this month. The first of these celebrations is a special General Motors factory auction on March 28 where SAA will remarket the automaker’s 14 millionth vehicle. “It is an honor for SAA to remarket the 14 […] [Read More]

The Auction Broadcasting Co. announced late last week it has brought in remarketing industry veteran Butch Royall to serve in a position where he will work to set up government sales at various ABC auctions. Royall’s background includes leadership roles at auctions, as well as with remarketers. He served in management for companies like GE […] [Read More]

Executives whose previous career stops included time with ADESA, Manheim, OPENLANE and Renovo Services joined forces to purchase and run a forwarding and remarketing company. Late last week, wholesale veterans Cam Hitchcock, Chuck Tapp and Phil Hanks partnered with a New York-based private equity firm to acquire the assets of ASR Nationwide, rebranding it into […] [Read More]

 KAR Auction Services once again cheered the financial performance of two subsidiaries — Insurance Auto Auctions and Automotive Finance Corp. Chief executive officer Jim Hallett declared both operations had “outstanding” years as they both posted rises in profit and revenue of at least 15 percent. Looking first at Insurance Auto Auctions, its 2011 revenue increased […] [Read More]

Aimed at boosting stores’ marketing efficiency, ADP Dealer Services and its digital marketing group that runs Cobalt announced earlier this week they acquired Autotegrity from Link Ventures and Cogo Labs. Officials explained the deal is meant to be the nucleus of an expanding facility focused on the application of science to optimize the online shopping […] [Read More]

ADESA Canada spotted a somewhat slower, “steady at best” wholesale market in the first couple weeks of February – which isn’t out of the ordinary – and then saw upward movement in last two weeks, continuing a relatively strong start to the year. [Read More]

The bread and butter of Copart’s business remains in the salvage part of the wholesale market, but the company continues to make strides in non-insurance and whole-car sectors as evident by what leadership shared Wednesday. While sharing financial data from the second quarter of its fiscal year, Copart indicated its non-insurance volume in North America […] [Read More]

KAR Auction Services chief executive officer Jim Hallett insisted he "can’t think of anything that’s more critical on my radar” than ADESA’s ongoing integration with OPENLANE. As the company rolled out its latest financial report this week, Hallett shared an update on how OPENLANE is melding into the KAR stable after being acquired last year. [Read More]

During a long discussion about the company’s 2011 financial performance and more, KAR Auction Services chief executive officer Jim Hallett projected specific future wholesale volume numbers after saying 2012 is a “trough year.” Hallett told a conference call filled with investment analysts Tuesday that “the steepest volume declines are behind us.   [Read More]