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 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 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]

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]

BacklotCars had one of the most active booths on Saturday during NADA Show 2023 in Dallas. That company that’s part of KAR Global auctioned off a 100% electric, liquid black LiveWire One motorcycle, raising more than $109,000 for the NADA Foundation’s Frank E. McCarthy Memorial Program that benefits Canine Companions. Canine Companions is a non-profit […] [Read More]

It was a busy week for the National Auto Auction Association, which hosted its annual Total Access event Wednesday and Thursday in conjunction with NADA Show 2023 in Dallas. And on Saturday, the group’s NAAA Foundation presented a $75,000 donation to the National Automobile Dealers Association’s Workforce Initiative, which began in 2019 as a way […] [Read More]

Auto Remarketing has learned and parent company Carvana has confirmed that ADESA president John Hammer is leaving the company Friday. Hammer has been named the CEO of Spectrum Automotive Holdings Corp., according to a news release from Spectrum, and will start Feb. 6. “John’s dedication to his team and customers has been instrumental in building […] [Read More]

Continuing its “land meets tech” strategy, EBlock is buying another auto auction, this time in Texas. The dealer-to-dealer online wholesale platform and its parent company E Inc. announced Thursday they have signed a deal to purchase Houston Auto Auction for $5.5 million in cash. The first $2.5 million would be payable at closing and then […] [Read More]

CarMax will utilize the services of UVeye to automate vehicle inspections within its auction operations and provide AI-enhanced condition reports for wholesale buyers. In a news release Tuesday, UVeye said CarMax — which has been an investor in the company since 2021 — will use its inspection technology through a licensing agreement between the companies. […] [Read More]

KAR Global said Monday that its CARWAVE and BacklotCars products have integrated into a single digital platform, which is hosted on BacklotCars. The platform offers both a live auction (currently held on Mondays and Thursdays) and a 24-7 marketplace, giving dealers flexibility, along with more inventory access for buying dealers and a deeper buyer base for […] [Read More]