Wholesale
Leadership development a top focus for incoming NAAA president
Monday, Aug. 29, 2022, 08:43 PM
Daryl Lubinsky, Correspondent
Although he is president-elect of the National Auto Auction Association and is president of Southern Auto Auction, Eastern Powersports Auction, and SAFS Inc., Garrison Hudkins thinks of himself in more simple terms. “People say, ‘What’s your background?’, and I have a very simple answer: I’m the husband of Carolyn, the father of Campbell and Connor, […] [Read More]
America’s Auto Auction expands national sales team
Monday, Aug. 29, 2022, 07:10 PM
Auto Remarketing Staff
America’s Auto Auction said Monday it has expanded its national dealer and commercial sales team, hiring Bill Broadway and Johanna Studzinski. Broadway, who has been in the auto auction industry for 13 years, said in a news release: “I am honored for the opportunity and am excited to be in this new role. I look […] [Read More]
ADESA names new regional VP, 3 new auction GMs
Friday, Aug. 26, 2022, 03:04 PM
Auto Remarketing Staff
ADESA has named a new regional vice president and three new auction general managers. Appointed to be regional VP for the central region is Craig Estep, and the new auction GMs are Keyvan Nayeri at ADESA Houston, Mina Ibrahim at ADESA New Jersey, and Brandon Clay at ADESA Tulsa. Estep has been in the auction […] [Read More]
Carvana CEO addresses ADESA customer concerns on data, dealers & recon
Thursday, Aug. 25, 2022, 04:16 PM
Joe Overby, Senior Editor
In pre-COVID times, a given year could yield upwards of 10 million vehicles sold at NAAA-member auto auctions. That’s also about how many questions arose when Carvana announced a deal in February to acquire KAR Global’s ADESA auction business in the U.S. (Well, at least in this reporter’s mind). More than six months have passed since […] [Read More]
Spotlighting the 2nd annual ‘High Performance Auto Auctions’
Tuesday, Aug. 23, 2022, 07:52 PM
Auto Remarketing Staff
Welcome to Auto Remarketing’s second annual High Performance Auto Auctions awards program. Through a series of recaps, this special feature spotlights the auctions who have taken home “Auto Auction of the Year”- style awards from consignors, auction groups and other industry stakeholders over the last year and change. Join Cherokee Media Group in congratulating these […] [Read More]
Lane watch: Wholesale values and sales rates fall again
Tuesday, Aug. 23, 2022, 06:18 PM
Auto Remarketing Staff
Well, Black Book spotted out a way to get the estimated average weekly sales rate down to near the lowest level seen in almost six months. Just have the wholesale market post four consecutive weeks of price declines averaging greater than [Read More]
Manheim data shows wholesale prices down by 3.6% so far in August
Friday, Aug. 19, 2022, 03:35 PM
Auto Remarketing Staff
Black Book’s wholesale market experts aren’t the only ones seeing prices declining at a notable pace. Cox Automotive also reported this week that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 3.6% from July during the first 15 days of August. Experts said that movement pushed the Manheim Used Vehicle Value […] [Read More]
CarGurus Instant Max Cash Offer now available in 4 more states
Thursday, Aug. 18, 2022, 03:01 PM
Auto Remarketing Staff
It might sound like someone’s prediction of the four college football teams that might be in the running for a national championship this season, but it’s the four newest states where the CarGurus Instant Max Cash Offer now is available. On Thursday, CarGurus announced the rollout of this program in four additional states — Alabama, […] [Read More]
Lane watch: Wholesale value declines ‘far exceeding’ expectations
Wednesday, Aug. 17, 2022, 08:29 PM
Auto Remarketing Staff
For the third week in a row, Black Book reported that wholesale values decreased by at least 0.85%, prompting analysts to say those price declines are “far exceeding the levels that are expected for this time of year.” According to its newest installment of Market Insights released on Wednesday, Black Book indicated that wholesale values […] [Read More]
IAA continues expansion push with move in Florida
Wednesday, Aug. 17, 2022, 03:40 PM
Auto Remarketing Staff
It’s been a busy summer for IAA on the expansion front. After previously sharing updates about moves in Indiana and Hawaii, IAA on Wednesday announced that it opened a new branch located in West Palm Beach, Fla. The global digital marketplace connecting vehicle buyers and sellers now has 11 locations in the Sunshine State with […] [Read More]