CarOffer founder Bruce Thompson joins the Auto Remarketing Podcast from NADA Show 2023 in Dallas, where he talked with Cherokee Media Group senior editor Joe Overby about the company’s recent inspection upgrades, collaborations with parent company CarGurus, electric vehicles and more. To listen to the conversation, click on the link available below. Download and subscribe to […] [Read More]

Spring is buzzing on the baseball fields of Arizona and Florida as Major League Baseball prepares for the upcoming season. Spring also appears to be buzzing in the auction lanes, too, as dealers scour for inventory to make the most of tax season. Black Book reported on Tuesday that wholesale prices moved another 0.35% higher […] [Read More]

In the auto industry, it sometimes seems like there is a new merger or acquisition announced every other day. While in recent years that M&A activity has typically involved dealers, the buy-sell frenzy has extended to auto auctions. Bob McConkey, president and CEO of McConkey Auction Group and a member of the NAAA Hall of […] [Read More]

BacklotCars president Justin Davis sat down with Cherokee Media Group’s Joe Overby at NADA Show 2023 in Dallas for a conversation about the integration of BacklotCars and CARWAVE, electric vehicle trends and how BacklotCars has worked with other pieces of KAR Global, plus much more. To listen to the conversation, click on the link available below. […] [Read More]

Digital auto auctions, many of which gained increasing popularity during COVID-19, are here to stay. But physical auctions are still necessary in an industry literally full of moving pieces. From a boots-on-the-ground perspective, auction companies, even digital ones, need physical infrastructure. For instance, physical locations are often needed to ... [Read More]

Cox Automotive said Thursday that executive Derek Hansen has been named vice president of operations for its Inventory Solutions Group, where he will lead the company’s wholesale-to-retail inventory management efforts. Specifically, Hansen will focus on vAuto’s new Variable Management strategy and developing the Kelley Blue Book Instant Cash Offer and Upside products. Hansen has been […] [Read More]

A Teletrac Navman survey of more than 1,800 global fleet operators revealed the top three challenges they currently face. Topping the list of concerns for these automotive professionals are rising fuel costs (39%), disruption due to the impact of COVID-19 (32%) and supply chain pressure (31%). “The last 12 months have created new complexities for […] [Read More]

Late on Tuesday, Cox Automotive announced the acquisition of FleetNet America in an effort “to keep the world’s fleets moving efficiently, safely and sustainability.” With the acquisition, company executives said Cox Automotive Mobility and FleetNet are creating the foundation that will transform operating a fleet, where every vehicle, and every service is connected. “The market […] [Read More]

In this episode of the Auto Remarketing Podcast, Copart vice president of sales Yoker Vidal joins the show from NADA Show 2023 in Dallas. Vidal and Cherokee Media Group senior editor Joe Overby discuss the distinction between Copart’s various product lines like CopartSelect, BluCar, etc., the importance of physical processes in a digital wholesale world, […] [Read More]

Black Book reported that wholesale values rose another 0.21% last week, representing the highest week-to-week jump analysts have seen in 10 months. According to the latest installment of Market Insights, last week’s increase landed after Black Book spotted a 0.14% increase during the week that included Valentine’s Day and part of Presidents’ Day weekend. Perhaps […] [Read More]