After making changes to top leadership earlier this summer — including its CEO as well as its president — Copart announced on Tuesday that David Berger has joined its board of directors in a move that was effective last Thursday. According to a company news release, Berger currently serves as a senior partner of Wilson Sonsini […] [Read More]

Dealerships nationwide now can use the capabilities of VIPER from ACV Auctions. For example, like how they’re boosting the service drive at Plaza Auto Mall. “VIPER has fundamentally changed how we approach our service lane,” said Rob Patel, who is director of variable and internal fixed operations at Plaza Auto Mall, which has Honda, Toyota, […] [Read More]

Today, wholesale buying and selling is driven by more than gut feeling and experience. Fred Stark, CarMax’s regional vice president of auction services, said today’s decisions are driven instead by data. “There is still a savviness needed in this industry, but a lot of it is more geared toward algorithms and just more data-driven all […] [Read More]

What it means to be an auction is changing. Some of these shifts have happened over the years, while others seem to have occurred overnight. Consider the current environment: Digital used-car retailer Carvana now owns ADESA's U.S. auctions and has launched inspection and reconditioning centers. ACV started as a digital platform but is now a […] [Read More]

As the National Auto Auction Association reported last month through its AuctionNet data, the opening six months of 2026 marked the strongest first half for auction vehicle sales in seven years. There were nearly 3.7 million vehicle sales at AuctionNet-participating auctions, the highest first-half tally since 2019. Drilling down into the most recent results from […] [Read More]

Annual depreciation for used vehicles on average has been historically between about 16 and 18%. Last year that figure was 13%, said Larry Dixon, vice president of Auction Data Solutions/AuctionNet at the National Auto Auction Association. “This year we’re trending to about 12% to let’s call it 14%, so very similar to what we saw […] [Read More]

Getting your kid registered for classes at college or registering a vehicle with the DMV is tricky enough. CarMax Auctions wants to make registering for its weekly sales easy. The wholesale auto auction operator revealed a new streamlined registration process Wednesday that’s designed to make it easier for car dealers to access its online sales. […] [Read More]

ACERTUS announced on Tuesday it has acquired vehicle transport provider Fisher Shipping. It’s a move the auto logistics-as-a-service platform says broadens its network of carriers and customers, while also deepening its transport expertise and relationships across key automaker and dealer segments. The purchase of Fisher “expands our platform and deepens our ability to serve the […] [Read More]

Proficient Auto Logistics said Monday it has agreed to purchase Hansen & Adkins, a move the company says would “create North America’s largest finished vehicle logistics platform with a network spanning the United States and Canada.” The deal is expected to close mid-August and has an upfront purchase price of $130 million. Los Alamitos, Calif.-based […] [Read More]

Much has changed since last January when Cars.com closed its acquisition of DealerClub, a reputation-based dealer-to-dealer digital wholesale auction, for approximately $25 million in cash and potential performance-based consideration of up to $88 million. In the following 18 months, Cars.com announced cuts of approximately 11% of its full-time positions. Now it’s facing a lawsuit brought […] [Read More]