In September, Cox Automotive said it would be uniting its Fleet Services and FleetNet America units into a single brand. That brand now has a name: Cox Fleet. Announcing its launch Wednesday, the company said the new unit aims to “set a higher standard for uptime — aiming to keep vehicles moving, businesses running, and […] [Read More]

RPM Freight Systems, backed by private equity firms Trive Capital and Bluejay Capital, has acquired Dealers Choice Auto Transport, a provider of premium VIP and luxury vehicle transportation services, the companies announced. In a news release, RPM, an international non-asset-based logistics and supply chain company, said the strategic move is designed to bridge the gap […] [Read More]

America’s Group capped a year of growth by taking the Expressway to the Empire State. A few days before Christmas, the auction group announced it had expanded into New York state with the acquisition of Expressway Auto Auction in Dansville, N.Y. The auction was founded in 1967 and was a multi-generational family-owned business. It has […] [Read More]

RPM Freight Systems announced an acquisition that expands the company into such corporate fleet services as driveaway, vehicle storage and titling and registration. RPM, a non-asset-based logistics and supply chain solutions company, said Tuesday it has purchased Professional Automotive Relocation Services. “We are thrilled to have the support of Trive Capital and BlueJay Capital in […] [Read More]

Wednesday also meant there were exactly three weeks left in 2025. And what Black Book noticed in the wholesale market last week reflected what auctions, consignors and dealers typically experience when there’s only that much time left on the calendar. According to the newest installment of Market Insights, wholesale prices retreated by 0.78% as the […] [Read More]

Auction Academy president Penny Wanna is leaving 2025 feeling energized about the executive development program. The academy’s 14th year included the culmination of one class and the beginning of the next, as well as new sponsors and industry awards, all of which Auction Academy said reflects its “commitment to leadership development, innovation and collaboration” in […] [Read More]

Auction sales of 2-year-old vehicles from commercial consignors climbed nearly 32% year-over-year in November and beat October numbers by 4%. Through 11 months of the year, sales of these vehicles have jumped 33.6% from the same period of 2024. What does this indicate? For one, it means that “rental fleets continue to remarket larger quantities […] [Read More]

Last week’s trends connected with wholesale prices and conversion rates reflected how auctions, consignors, and dealers probably spent at least part of the timeframe celebrating Thanksgiving. That’s the summation from Black Book’s latest installment of Market Insights, that covered the week including time for good food enjoyed with family and friends. Analysts reported on Tuesday […] [Read More]

Montway Auto Transport’s VIP Relocation service is giving its clients a little extra security boost. The third-party logistics brokerage is adding two-factor authentication to all vehicle pickups managed through its VIP Relocation service, designed to ensure vehicles are handed off only to authorized recipients. The feature aims to strengthen consumer protection, reduce fraud and increase […] [Read More]

Perhaps consignors shouldn’t overreact to softening wholesale prices and volume either remaining steady or maybe even rising a bit in certain lanes and locations. Black Book reported on Tuesday that overall wholesale prices dipped 0.86% last week with the auction conversion rate steady at 56%, “reflecting continued buyer selectivity and firm floors.” Analysts added in […] [Read More]