Wholesale
Auto transporters among winners of MOTOR Top 20 Awards
Wednesday, Sep. 4, 2024, 03:10 PM
Auto Remarketing Staff
Two automotive shipping companies have hit the top 20. That’s the 2024 MOTOR Top 20 Awards, presented by automotive data supplier MOTOR Information Systems. Montway Auto Transport’s Montway Automation Portal and Ship.Cars’ SmartHaul TMS were selected in online voting by industry professionals as two of the 20 most innovative new developments in the auto industry […] [Read More]
NAAA’s president-elect applauds auction veterans, urges next-gen auction leaders to get involved with the association
Tuesday, Sep. 3, 2024, 03:05 PM
Arlena Sawyers, Correspondent
Craig Amelung believes that the National Auto Auction Association has a proud past, is living and operating to the fullest in its present and all while keeping a keen eye on its future.
That’s why among the NAAA incoming president’s goals over the next year is to identify and nurture a next generation of auction leaders who want to get involved with the association and to draw on the knowledge and experience of those auction veterans who make it successful every day.
Amelung is scheduled to take over the reins of the association at its NAAA World Remarketing Convention, in Orlando, Fla., Sept. 30 – Oct.3.
Also at the convention, current NAAA president Eric Autenrieth, CEO of Carolina Auto Auction in Williamston, S.C., will become the association’s chairman.
“For many years the association has relied on ... [Read More]
Consignor Conversations: John Urness of Chase Auto
Friday, Aug. 30, 2024, 11:18 AM
Auto Remarketing Staff
Next up on our “Consignor Conversations” series of the Auto Remarketing Podcast is an interview with John Urness, head of vehicle remarketing and customer loyalty at Chase Auto. Urness sat down with Cherokee Media Group senior editor Joe Overby at the Automotive Remarketers Alliance Summer Roundtable in Frisco, Texas, to talk about the value in […] [Read More]
NAAA World Remarketing Convention to highlight tech, economy, relationships
Wednesday, Aug. 28, 2024, 03:34 PM
Daryl Lubinsky, Correspondent
National Auto Auction Association president Eric Autenrieth is looking forward to the session on artificial intelligence at the upcoming 2024 World Remarketing Convention in Orlando, Fla.
Autenrieth said his company, the Stanley-Autenrieth Auction Group, has not yet started using artificial intelligence in its operations.
“But we have certainly investigated and have kept our eyes open to [Read More]
Lane watch: Market shifts again with Labor Day approaching
Wednesday, Aug. 28, 2024, 03:05 PM
Auto Remarketing Staff
Well, you can say this about the wholesale market. It’s usually not boring for active buyers, sellers and observers. With children back in school and football season set to begin in earnest, Black Book spotted more intriguing trends on Tuesday to keep consignors and dealers educated so they can celebrate in the retail end zone. […] [Read More]
RB Global names Steve Lewis as new COO
Wednesday, Aug. 28, 2024, 11:49 AM
Auto Remarketing Staff
RB Global, a global marketplace for commercial assets and vehicles and parent company of IAA, has appointed Steve Lewis as chief operating officer, effective Sept. 3. The company said Lewis brings “a honed approach to driving business growth through operational excellence” and extensive senior leadership experience in operations and supply chain management. “Steve has a […] [Read More]
The key drivers on Carvana’s path of wholesale efficiency
Tuesday, Aug. 27, 2024, 04:26 PM
Joe Overby, Senior Editor
The past two years, starting with its 2022 acquisition of ADESA’s U.S. auto auctions, have arguably been the most transformative in Carvana’s history.
But to understand where the online used-car retailer is now and its potential growth trajectory, one must look at what Carvana was doing in the years immediately prior to that acquisition.
What was the online retailer up to? [Read More]
Hertz adds former Home Depot CEO and ex-GM general counsel to its board
Tuesday, Aug. 27, 2024, 02:44 PM
Auto Remarketing Staff
Hertz Global Holdings has added two new members to its board of directors. Frank Blake and Lucy Clark Dougherty bring impressive backgrounds to the rental car giant. Blake is the retired chairman and CEO of The Home Depot whose resume also includes roles as non-executive chairman of Delta Air Lines, deputy secretary of the U.S. […] [Read More]
Montway increases its commitment to fight hunger
Tuesday, Aug. 27, 2024, 12:07 PM
Auto Remarketing Staff
Montway Auto Transport is stepping up its commitment to fighting hunger. The third-party logistics brokerage has increased its involvement with Move For Hunger, providing 120,000 meals to communities in need in 2024. Montway said it has provided nearly 700,000 meals through various support and food drives since it began working with the organization. “Partnering with […] [Read More]
America’s Group buys Z66 Tulsa Auto Auction
Tuesday, Aug. 27, 2024, 06:00 AM
Auto Remarketing Staff
It’s an M&A summer for America’s Group. The parent company of America’s Auto Auction and AXLE Funding has made its fourth acquisition since June, announcing Tuesday that it has purchased Z66 Tulsa Auto Auction. After expanding on the East Coast by adding Motley’s Richmond Auto Auction earlier this month, America’s Group’s purchase of the Oklahoma […] [Read More]