National Auto Auction Association CEO Tricia Heon has resigned, the trade group said Thursday, and Paul Lips will serve as interim executive director. Heon had been with NAAA a dozen years and previously was its chief operating officer. “With the deepest of gratitude for her many years of commitment and contributions, the Board of the […] [Read More]

Dealers definitely didn’t start 2023 by buying every vehicle that rolled over the auction block, according to Black Book’s newest installment Market Insights released on Tuesday. In fact, Black Book said the estimated average weekly sales rate came in at 45% last week, as wholesale prices softened another … [Read More]

December marked the largest annualized decrease in the history of the Manheim Used Vehicle Value Index. However, this downturn comes at the end of an “extremely volatile” three years for the used-car market, which saw historic increases in price the year before, says Jonathan Smoke, chief economist of Manheim parent Cox Automotive. And that volatility […] [Read More]

America’s Group has named a chief operating officer. The company, which includes America’s Auto Auction and AXLE Funding, has hired Paul Evans for the COO role. Evans’ background includes time as interim CEO and board director of Hill International, chief financial officer and treasurer at MYR Group, board director at GameStop, and CFO and board […] [Read More]

Dealers who use vAuto now can take advantage of a new integration involving Stockwave and Ready Logistics. According to a news release from Cox Automotive, this integration enables Stockwave clients to see shipping costs and delivery times for vehicles at Manheim more easily, so they can take these critical factors into account and make more […] [Read More]

In this special episode of the Auto Remarketing Podcast, we feature the High Performance Auto Auctions panel discussion from Used Car Week in November in San Diego. Moderated by Cherokee Media Group's Bill Zadeits, this panel features Tommy Rogers of BSC America, David Andrews of Dealers Auto Auction Group, Matt Trapp of Manheim, John Hammer of […] [Read More]

In this special episode of the Auto Remarketing Podcast, we feature the Women in Remarketing panel discussion from Used Car Week in November in San Diego. The honorees discuss how they’ve been successful and offer wisdom for younger industry professionals in a conference segment moderated by Kathy Ruble, Ally’s executive director for auto marketing and […] [Read More]

Montway Auto Transport and Auction Direct Transport have merged, Montway announced Wednesday. Montway, which is a third-party logistics brokerage, said adding Auction Direct Transport, which is an auto transport brokerage company, will help the company expand into the auction-to-dealer transport space. This move comes at a time when dealers are turning to auctions outside their […] [Read More]

This special episode of the Auto Remarketing Podcast was recorded during Used Car Week in November and features a conversation about traditionally retail-facing auto companies making a push into the wholesale market, which was one of the major news stories throughout 2022. The panel discussion, moderated by Cherokee Media Group senior editor Joe Overby, includes […] [Read More]

Tuesday’s installment of Black Book’s Market Insights focused on the stretch between Christmas Eve and New Year’s Eve when some consignors and dealers might have been with family and friends rather than the auction lanes, prompting experts to call that annual stretch of the calendar a “toss-up.” Black Book explained its methodology after noting wholesale […] [Read More]