Wholesale
Work Truck Solutions: ‘Opportunities’ remain in commercial vehicle market
Tuesday, Jul. 12, 2022, 02:22 PM
Auto Remarketing Staff
On Tuesday, Work Truck Solutions released its second quarter ComTrend Analysis of new and used commercial vehicles. Although there are still many supply chain challenges in the industry, Work Truck Solutions noted certain positives for operators who need these workhorses. Looking at the used market, Work Truck Solutions reported the median mileage for used vehicles […] [Read More]
Remarketing roundup: Executive moves at Manheim, CarLotz
Wednesday, Jul. 6, 2022, 07:55 PM
Auto Remarketing Staff
Manheim named a new vice president of remarketing last week, promoting Marty D’Amato to the position. D’Amato has been with the company since 2019, when he joined to lead retail reconditioning operations for Manheim’s Texas market center. His background also includes time with Amazon, Serta Simmons Bedding and the U.S. Army. “Marty’s operational leadership and […] [Read More]
Lane watch: What was ‘no surprise’ going into Fourth of July
Tuesday, Jul. 5, 2022, 06:57 PM
Auto Remarketing Staff
Wholesale prices softened by 0.15% during the week going into the Fourth of July weekend. However, why Black Book said it was “no surprise” values moved in that direction might not be fortuitous for either auctions or dealerships. Analysts continued in the newest installment of Market Insights by saying, “with the exception of … [Read More]
CARS Recon names new president; Ron Hope to remain CEO/chairman
Tuesday, Jul. 5, 2022, 06:47 PM
Auto Remarketing Staff
CARS Recon has a new president. In a move that was effective Friday, director of operations and client services Becky Anderson is now president and will lead day-to-day operations, strategy and planning. CARS Recon chief executive officer and board chairman Ron Hope (formerly the president) will remain in those positions but will not be directly […] [Read More]
NAAA chooses Hudkins as a Warren Young Fellow
Thursday, Jun. 30, 2022, 04:57 PM
Auto Remarketing Staff
It was a celebration in the wholesale world for multiple reasons recently in Connecticut. The National Auto Auction Association (NAAA) has named Garrison Hudkins as a Warren Young Fellow for 2022 and presented the award during Southern Auto Auction’s 75th anniversary celebration. According to a news release, the honor recognizes Hudkins for his service and […] [Read More]
Lane watch: While overall wholesale prices tick lower, values for compact cars keep surging
Tuesday, Jun. 28, 2022, 07:54 PM
Auto Remarketing Staff
Black Book said in its newest installment of Market Insights that overall wholesale prices softened slightly for the first time since the week of April 18. However, with fuel costs still at unprecedented levels, values for compact cars now have climbed for [Read More]
Castlelake provides up to $155M in financing to Voyager Global Mobility
Tuesday, Jun. 28, 2022, 03:57 PM
Auto Remarketing Staff
The investment community continues to push funds into the fleet sector. On Tuesday, Castlelake, a global alternative investment manager with approximately 17 years of experience investing in asset-rich opportunities, announced that as part of its income investing strategy, it has reached an agreement to provide up to $155 million in fleet financing to Voyager Global […] [Read More]
America’s Auto Auction names new GM for Bowling Green location
Wednesday, Jun. 22, 2022, 04:42 PM
Auto Remarketing Staff
America’s Auto Auction Bowling Green has a new general manager. AAA said in a news release Tuesday that Karol Kirby Ahmed has been promoted to the GM role. “Karol joined America’s Auto Auction in 2017. Her rich auction lineage evolved from her family’s auction business in South Central Kentucky and Middle Tennessee,” AAA chief […] [Read More]
NAAA purchases World Automobile Auctioneers Championship
Friday, Jun. 17, 2022, 04:10 PM
Auto Remarketing Staff
The National Auto Auction Association put in its bid and now has an acquisition coming down the lane. NAAA has purchased the World Automobile Auctioneers Championship from Paul Behr, announcing the deal at the 2022 WAAC event in Des Moines, Iowa. Behr has owned WAAC since 2005. The event brings in the nation’s top auctioneers […] [Read More]
AAA rebrands Pennsylvania auction as part of 76th anniversary celebration
Wednesday, Jun. 15, 2022, 07:18 PM
Auto Remarketing Staff
After 76 years of operations and sending vehicles down the lanes in northwest Pennsylvania, a part of America’s Auto Auction has a new name. Members of the AAA corporate team attended the sale at their newly branded facility last week, as this auction celebrated its 76th anniversary and introduced dealers to its new name. According […] [Read More]