Wholesale
McConkey Auction Group names AGM for DAA Seattle
Tuesday, Feb. 7, 2023, 08:32 PM
Auto Remarketing Staff
McConkey Auction Group said Tuesday it has promoted Aaron McConkey, who has been the group’s vice president of strategic technology since 2021, to the role of assistant general manager of its DAA Seattle location. In his VP role at MAG, he has worked out of the DAA Seattle location in Auburn, Wash., the past two […] [Read More]
Lane watch: On the lookout for the spring market arrival
Tuesday, Feb. 7, 2023, 08:32 PM
Auto Remarketing Staff
Black Book didn’t officially declare arrival of the spring market, but analysts are quite intrigued about what’s going to happen at the auction during the next few days. Black Book based its expectations after watching wholesale prices soften just 0.25% during the week that closed on Saturday, two days after Punxsutawney Phil predicted six more […] [Read More]
RVI Group appoints new CFO
Tuesday, Feb. 7, 2023, 04:56 PM
Auto Remarketing Staff
RVI Group appointed a new chief financial officer on Tuesday, handing the position to James Bedard, who has more than 20 years of experience in finance, including business planning, financial modeling, expense management and distribution channel effectiveness. According to a news release, Bedard replaced David Klanica, who retired as of Dec. 31. Most recently, Bedard […] [Read More]
KAR consolidates platforms in Europe
Monday, Feb. 6, 2023, 07:00 PM
Auto Remarketing Staff
In an international move from the digital automotive wholesale company, KAR Global said Monday it has consolidated its ADESA UK and ADESA GWListe into ADESA Europe’s consolidated platform, where buyers can find vehicles from all areas on ADESA.eu. In a news release, Srisu Subrahmanyam, who is president of the KAR Services Group and executive vice […] [Read More]
Manheim names new GM of Lakeland auction, regional recon leader
Monday, Feb. 6, 2023, 06:38 PM
Auto Remarketing Staff
Manheim announced a new general manager for its Manheim Lakeland location on Monday, as well as a new assistant vice president of reconditioning operations for the East and Southeast. Promoted to the Lakeland GM role was Catherine Woodall, who previously held the aforementioned recon AVP role. Chris Karwoski, who was most recently assistant GM at […] [Read More]
America’s Group takes home C&F auction awards
Wednesday, Feb. 1, 2023, 09:05 PM
Auto Remarketing Staff
America’s Group and two of its auctions have taken home a few awards this year in the annual auction awards program at C&F Finance Company and C&F Remarketing. The overall group was named C&F Finance Company’s National Auction of the Year, while America’s Auto Auction Virginia Beach earned C&F Remarketing’s Auction of the Year honors and America’s […] [Read More]
J.D. Power’s Banks: ‘Tough’ used-car supply this year, especially off-lease
Tuesday, Jan. 31, 2023, 09:45 PM
Joe Overby, Senior Editor
Think of the used-car supply picture back in 2010 through 2012. These were the years in the aftermath of the Great Recession, automaker bankruptcies and, ultimately, new-vehicle sales tanking. “All you dealers out there that remember trying to get used cars, especially lease maturities back in 2010, 2011, they weren't there,” Jonathan Banks, vice president of […] [Read More]
Dealers Auto Auction Group names VP of digital sales
Tuesday, Jan. 31, 2023, 08:10 PM
Auto Remarketing Staff
Dealers Auto Auction Group said Monday it has promoted Stacy Brown to serve as the group’s vice president of digital sales. In this role, Brown will lead a team to drive growth in the DAAG digital platform across the U.S. Brown has been in the industry for more than 24 years and returned to her […] [Read More]
America’s Group hires marketing & sales manager for Savannah, Charleston auctions
Tuesday, Jan. 31, 2023, 08:00 PM
Auto Remarketing Staff
America’s Group has added to the management team of its America’s Auto Auction Charleston and America’s Auto Auction Savannah locations, announcing that Bo Baxter has returned to be the marketing and sales manager for the two auctions. Baxter was the marketing and sales manager for what was then Charleston Auto Auction between 2003 and 2008, […] [Read More]
Lane watch: Spring signs already sprouting
Tuesday, Jan. 31, 2023, 07:59 PM
Auto Remarketing Staff
Tuesday was the last day of January, but the experts at Black Book already are thinking about spring. They said that “early signs of a potential spring bump in the market are starting to emerge.” With wholesale prices softening only 0.50%, Black Book pointed out in the newest installment of Market Insights that those spring […] [Read More]