The last time Black Book saw this large of a jump in wholesale values in a single week, we were gearing up for Used Car Week and Thanksgiving. In 2021. According to Black Book’s newest installment of Market Insights, wholesale values rose 0.44% during the week that closed on Saturday. Analysts said the last time […] [Read More]

SIXT USA said on the last day of February it was bringing its luxury vehicle rental operation to the nation’s capital. Then on Monday, SIXT revealed exactly what day its branch would open at Ronald Reagan Washington National Airport (DCA) in Washington, D.C. The company said the branch will start operations on April 1 serving […] [Read More]

You could say that Holman is giving itself a technology tune up since its newest executive previously served in a leading role with the company that owns Pep Boys. On Thursday, Holman announced that Jarrod Phipps has joined the company as executive vice president and chief information officer. In his role as chief information officer, […] [Read More]

Work Truck Solutions finalized a pair of moves this week aimed at keeping its presence strong in the commercial-vehicle space. First, Work Truck Solutions expanded its strategic partnership with Crestline Auto Transport, a premier nationwide vehicle shipping and logistics company. Then, Work Truck Solutions launched its updated upfitter software suite, plus released its 2023 upfitter […] [Read More]

The National Auto Auction Association will host the World Automobile Auctioneers Championship at Capital City Auto Auction in St. Albans, W. Va., on May 19, which will be its first time hosting the event since purchasing WAAC  in June. “This prestigious competition draws top auctioneers and ring people from around the country each year and […] [Read More]

To get another perspective on the state of the auction buy-sell environment, Auto Remarketing caught up with Lynn Weaver, executive director of the Independent Auction Group. As an advocate for independent auctions and an expert in industry trends, Weaver said he is definitely seeing larger auction names and digital companies buying up physical independent auctions, […] [Read More]

After wrapping up a “challenging” year, ACV CEO George Chamoun said he is pleased with the company’s most recent quarterly financial results but cautioned that macro factors that hindered its online wholesale auction business in 2022 may not be over. Chamoun said constrained new car supplies and sales, interest rate increases and elevated used-vehicle prices contributed to an 11% decline in retail used vehicle sales in 2022, depressing trade-in volumes and ACV’s wholesale auction listings. Still, he said he is encouraged that ... [Read More]

Grace Huang, who is president of Cox Automotive Inventory Solutions, is back on the podcast, this time from NADA Show 2023 in Dallas. Huang talks with Cherokee Media Group’s Joe Overby about what’s on the company’s radar in the wholesale car market, where technology improvements are needed in remarketing, Manheim’s preparation for electric vehicles and […] [Read More]

Brett Adair, who is the vice president of Copart Dealer Services, is next up on our series of podcast episodes from NADA Show 2023 in Dallas. Adair talks with Cherokee Media Group’s Joe Overby about what Copart’s dealer services business entails, the unique challenges of being a global company, what’s on Copart’s radar for 2023 […] [Read More]

The last time February wholesale prices increased this much on a month-over-month basis, Barack Obama had just completed his first full month in the Oval Office. And a 26-year-old Ben Roethlisberger had just earned his second Super Bowl ring, leading the Pittsburgh Steelers to victory over Kurt Warner and the Arizona Cardinals. Two U.S. presidents and NFL quarterback retirements later, wholesale prices last month ... [Read More]