The new year is always an exciting time to reflect on the past and look ahead with optimism to a fresh start full of opportunities. For the automotive industry, 2022 was another turbulent year. In the wholesale space, it included tight used vehicle supplies and unprecedented declines in used vehicle values. In fact, the Manheim […] [Read More]

This week, the remarketing division at Westlake Financial announced its 2022 Auction of the Year Awards, recognizing a nationwide honoree as well as five regional accolade recipients. In recognition of the “incredible” performances this past year, Westlake gave its 2022 Nationwide Auction of the Year Award to Rawls Auto Auction. “Rawls Auto Auction is proud […] [Read More]

AutoIMS and Experian have teamed up to offer commercial consignors using the AutoIMS inventory management platform a three-month trial of Experian’s AutoCheck Vehicle History Snapshot data and full vehicle history reports. The free trial began in January and lasts through the end of March. The AutoCheck reports can be accessed on demand through AutoIMS or […] [Read More]

It was an unseasonably balmy February day in Atlanta on Tuesday. Coincidentally, the respective monthly used-car value indices released by two companies headquartered in the area showed signs of warming in the wholesale vehicle market, even “hints” of spring. While both Black Book’s Used Vehicle Retention Index and Cox Automotive’s Manheim Used Vehicle Value Index […] [Read More]

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]

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 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]

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 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 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]