It continues to be a celebratory atmosphere in the auction world. While BSC America’s Bel Air Auto Auction recently commemorated its 77th anniversary, the National Auto Auction Association is gearing up for this year’s World Automobile Auctioneers Championship (WAAC). What NAAA considers the premier competition in the auto auctioneer industry is set to take place […] [Read More]

This feature is part of Auto Remarketing’s upcoming “Beyond the Transaction” edition, which is the May print issue of the magazine. It is available for Cherokee Media Group Premium subscribers now. As technology continually reshapes the automotive industry, the evolution of inspections and condition reports stands out as a pivotal chapter.  With artificial intelligence taking the wheel, there is a transformative shift in how both consumers and auto dealers navigate the often complex and sometimes opaque world of vehicle inspections. Gone are the days of relying solely on [Read More]

After running the program at its Anchorage, Alaska, location since January, McConkey Auction Group has launched EBlock’s LiveLanes simulcast solution at its sites in the lower 48 states this month. The auction group conducted the LiveLanes event last week in conjunction with its MAG Now digital auction. It plans on bringing it to additional MAG […] [Read More]

Auction Management Solutions (AMS) shared this week that the firm has something notable brewing in Wisconsin. AMS announced that Greater Milwaukee Auto Auction (GMAA) has partnered with the firm for business development consulting. “We are very excited to be a part of the AMS Group of independent auctions,” GMAA owner Kristie Letizia said in a […] [Read More]

Perhaps the bartender hasn’t yet made the last call, but the spring market might soon be hitting closing time. Black Book reported on Tuesday that wholesale prices moved only 0.14% higher last week. While that’s on par with what analysts noticed during the same week in 2017 to 2019, the movement is 10 basis points […] [Read More]

ACV has expanded yet again, but this time, it’s within the vehicle transport and logistics side of the business. The company said Monday that its ACV Transportation unit, which provides vehicle logistics solutions, is now offering its services for vehicles purchases outside of the ACV platform. “The mission of ACV Transportation continues to be making […] [Read More]

This feature is part of Auto Remarketing’s upcoming “Beyond the Transaction” edition, which is the May print issue of the magazine. It is available for Cherokee Media Group Premium subscribers now. Whether determining if a trade-in should be retailed or wholesaled or ensuring that it’s mechanically and/or cosmetically certifiable, used-vehicle reconditioning is the lifeblood of any retail used-car operation, but can’t happen without having good technicians. And though the struggle to find and keep technicians isn’t new, it’s still very real. Just ask Greg Cole, dealer principal of Athens Chevrolet in Athens, Ga. Cole said his Georgia dealership is in “a situation that is unique to me.” About 20 miles west of his store is Winder, Ga., home of one of Carvana’s inspection and reconditioning centers. That puts Cole’s store in ... [Read More]

This feature is part of Auto Remarketing’s upcoming “Beyond the Transaction” edition, which is the May print issue of the magazine.  It is available for Cherokee Media Group Premium subscribers now.  Electric vehicles, new technologies designed to help drivers drive more safely and the sheer need for speed when it comes to finding the right used vehicle for their retail and wholesale customers, has caused auctions and other wholesale providers to rethink vehicle reconditioning. Leading the way is [Read More]

Exeter Finance senior vice president of asset remarketing and repossession Brent Huisman was honored as 2024 Consignor of the Year during last month’s CAR Conference in Scottdale, Ariz. Huisman has served as Exeter’s asset remarketing and repossession leader since 2019, responsible for the company’s asset disposal and repossession efforts across the U.S. Before joining Exeter, […] [Read More]

Monday’s solar eclipse lasted less than five minutes. The duration of this year’s spring market doesn’t appear to be that short, but Black Book is already seeing signs of fading. Analysts said wholesale prices still rose 0.24% last week, but that wasn’t as much as the 0.39% lift Black Book recorded a week earlier. “The […] [Read More]