Perhaps the timeframe should be considered since the drops in wholesale values and estimated average weekly sales rate reported by Black Book derive from the span that closed during the heart of Labor Day weekend. Still, Black Book said on Wednesday that wholesale values dropped by another 0.93% last week, while the estimated average weekly […] [Read More]

The National Auto Auction Association honored two distinguished individuals as Industry Pioneers as part of its annual convention in Dallas on Wednesday. First, NAAA named Wolfe’s Auto Auctions founder and president R. Tony Wolfe as an Industry Pioneer for his leadership, vision and dedication to the auto auction industry throughout his career. Also tabbed as […] [Read More]

Wednesday activities during the National Auto Auction Association’s annual convention in Dallas included the naming of the two newest Warren Young Fellows. Collecting the accolades for 2022 were a pair of executives from the Cox family of companies — Paul Scolese and Hugo Carmona. According to news releases from NAAA, Scolese received the award for […] [Read More]

In a move that became effective Sept. 1, Dealers Auto Auction Group expanded its wholesale footprint in the Southeast by entering the Atlanta market with the acquisition of VIP Auto Auction.  By adding the location at 4600 Browns Ridge Road in Cumming, Ga., DAAG now has nine locations throughout the Southeast. “We are very excited […] [Read More]

Before Labor Day, America’s Auto Auction expanded its national dealer and commercial sales team. Then after the holiday weekend, the company appointed Jennifer Leocardi to be vice president of institutional sales for the combined America’s Auto Auction and XLerate Group. A 20-year industry veteran, America’s Auto Auction said through a news release that Leocardi brings a […] [Read More]

Autosled announced this week that Ric Fleisher, co-founder of Urgently and Merlin Mobility, recently joined the board of advisors of the automotive digital logistics marketplace for retail automotive dealers and transport providers. Earlier in the year, Autosled closed a $5 million Series A round led by Lyndon Rive and established its board of directors with […] [Read More]

Though digital technology puts buying and selling of vehicles at dealers fingertips virtually anytime and anywhere, the demise of physical auctions and its hands-on approach is greatly exaggerated. That’s according to Jason McClenahan, a trained auctioneer and chief executive officer of E Inc., the Canadian retail tech firm that operates the EBlock digital wholesale marketplace. […] [Read More]

ACV Auctions filed an antitrust complaint Friday in the U.S. District Court for the Western District of New York against the National Auto Auction Association, Auto Auction Services Corp., Manheim, ADESA, ServNet Auction Group and the Independent Auction Group. This news was first reported by Automotive News on Tuesday. In the filing, ACV alleges a […] [Read More]

The busy summer of expansions by IAA continued on Tuesday, as the company opened a new facility in the Northeast. IAA announced the opening of its “state-of-the-art” IAA Port Murray branch in New Jersey. As its sixth branch in the Garden State, the company said the Port Murray facility increases IAA’s capacity by more than […] [Read More]

For just the second time this year, Black Book reported the estimated average weekly sales rate dropped to 60%. Last week’s reading matched the low point of the year that analysts also spotted during the week that actually closed on … [Read More]