Though digital technology puts buying and selling of vehicles at dealers fingertips virtually anytime and anywhere, the demise of physical auctions and its hands-on approach is greatly exaggerated. That’s according to Jason McClenahan, a trained auctioneer and chief executive officer of E Inc., the Canadian retail tech firm that operates the EBlock digital wholesale marketplace. […] [Read More]

ACV Auctions filed an antitrust complaint Friday in the U.S. District Court for the Western District of New York against the National Auto Auction Association, Auto Auction Services Corp., Manheim, ADESA, ServNet Auction Group and the Independent Auction Group. This news was first reported by Automotive News on Tuesday. In the filing, ACV alleges a […] [Read More]

The busy summer of expansions by IAA continued on Tuesday, as the company opened a new facility in the Northeast. IAA announced the opening of its “state-of-the-art” IAA Port Murray branch in New Jersey. As its sixth branch in the Garden State, the company said the Port Murray facility increases IAA’s capacity by more than […] [Read More]

For just the second time this year, Black Book reported the estimated average weekly sales rate dropped to 60%. Last week’s reading matched the low point of the year that analysts also spotted during the week that actually closed on … [Read More]

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 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 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]

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]

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]

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]