OPENLANE senior director of business intelligence Forrest Dougan joined the Auto Remarketing Podcast to discuss the analytics and data science side of wholesale automotive. Dougan talks with Cherokee Media Group senior editor Joe Overby about where wholesale prices and sales volumes are heading, trends within the various consignor segments, the impact of lower off-lease volumes, […] [Read More]

Cars Commerce has strengthened its position in the wholesale automotive space this week with the acquisition of DealerClub, a reputation-based dealer-to-dealer digital wholesale auction. The purchase, which closed Thursday according to a news release, included approximately $25 million in cash and has a potential for additional performance-based consideration of up to $88 million. DealerClub was […] [Read More]

As Manheim begins its 80th anniversary year, the company’s first and largest auction will have new leadership. Joey Hughes, who has led Manheim Pennsylvania — Manheim’s flagship location, which claims the title of world’s largest wholesale auto auction — since 2016, has been promoted to regional vice president for the East Region, overseeing more than […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a panel discussion exploring the auto auction buy-sell market. Led by Cherokee Media Group’s Joe Overby, the group of experts sharing an array of perspectives on the topic included: —Tom Stewart of Auction Management Solutions —John […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a fireside chat, featuring George Chamoun, the CEO of ACV. Chamoun shared anecdotes about his family, the early portions of his professional career and what could be happening at ACV and elsewhere in the wholesale market. […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a fireside chat, featuring Grace Huang, who is president of inventory solutions at Cox Automotive. Along with projecting what might be happening at Cox Automotive and elsewhere in the wholesale market. Huang shared anecdotes about her […] [Read More]

Arguably the most active buyer of brick-and-mortar auto auctions in 2024 has now made a purchase on the technology side of the business. America’s Group said Monday it has bought AuctionVcommerce, a tech platform provider in the auto auction space. The move continues the expansion of America’s Group, which purchased Z66 Tulsa Auto Auction, Motley’s […] [Read More]

CarDr’s diagnosis shows issues that could be costing the used-car industry more than $7 billion. The latest diagnostic study from the automotive diagnostic and appraisal technology provider, using data from CarDr’s on-board diagnostic scanner, found more than 5.5% of all vehicles analyzed had undetected transmission-related issues. The company’s report extrapolated that over the 7.3 million […] [Read More]

The National Auto Auction Association’s newly created Cybersecurity Task Force has completed its first task. The group, which was created in October following the NAAA World Remarketing Convention, launched its Cybersecurity Essentials for Auctions, an ongoing series of resources to provide information and guidance on cybersecurity protections for NAAA members. The first of those resources […] [Read More]

Roughly once a month, my three siblings and I get together on Google Meet for the “Overby Sibling Book Club.” Yes, we are that cool. It’s a tradition we started in the early days of COVID and have spent the last five years taking turns selecting the book each go-round. As you might expect, the discussion usually morphs from sharing our opinions on the book to ... [Read More]