Broadcasters of sporting events during an exciting portion of the contest sometimes will exclaim a phrase like, “Let’s see what happens next!” Well, Black Book experts are sort of doing the same thing as they’re watching the wholesale market, which generated another record weekly price decline. Black Book reported wholesale values dropped another 1.52% during […] [Read More]

Paul Lips had a long, successful career with ADESA and its former parent company (then KAR Global, which rebranded as OPENLANE this year) that spanned more than 25 years and included numerous accolades. But in the midst of all that, Paul Lips actually had a different career goal in mind, an aspiration he confessed one day while talking to Frank Hackett, then CEO of the National Auto Auction Association. “I told Frank probably 10 years ago, ‘Hey, if the timing works out, I’d love to run the association if you ever retire,’” Lips said. That dream ... [Read More]

During a quarterly earnings call this month, ACV chief executive George Chamoun covered the company’s program that it describes as three pillars of “Maximizing Long-Term Shareholder Value.” Those three pillars are “growth,” “innovation,” and “scale.” Addressing the “growth” portion, Chamoun started by ... [Read More]

Black Book senior vice president and chief data science officer Alex Yurchenko told Auto Remarketing on Tuesday afternoon that last week’s wholesale value decline was the largest for a single week in at least 10 years. Black Book shared through its newest installment of Market Insights that wholesale prices decreased 1.45% during the week that […] [Read More]

In this edition of the Auto Remarketing Podcast’s NAAA 75th series, Cherokee Media Group’s Bill Zadeits talks with BSC America CEO Ray Nichols, who was the 2002 president of the National Auto Auction Association. Nichols was also a 2008 inductee into the NAAA Hall of Fame and was named  an NAAA Industry Pioneer in 2022 […] [Read More]

Next week’s IARA Summer Roundtable will include something new. Global Remarketing Opportunities for Women will make its official debut at the event, coming up Aug. 22-24 in Chicago. GROW was founded by Shelly Frank of DAA of the Southwest and DAA of the Rockies, Kelly Bianchi of AuctionVcommerce and Sheila Tedesco of Lobel Financial to […] [Read More]

IAA has added new artificial intelligence and machine learning tools to its selling platform. The auction company — a subsidiary of RB Global, Inc., a marketplace for insights, services and transaction solutions for commercial assets and vehicles — announced the launch of IAA Vehicle Score, IAA Vehicle Value and the IAA Sales Decision Center, all […] [Read More]

Next up on our NAAA 75th series commemorating the diamond anniversary of the National Auto Auction Association is a conversation with Lisa Franz, who is the general manager of Big Valley Auto Auction in Texas. Franz is also a member of the training and education committee of NAAA and is a 2019 Women in Remarketing […] [Read More]

Cox Automotive has added another brand to its collection. The industry giant acquired onsite fleet maintenance provider Corcoran’s Mobile Services, further expanding Cox’s nationwide fleet maintenance coverage. “We thrive on delivering a seamless experience 24/7, powered by our more than 1,400 elite technicians, ensuring customers’ fleets keep moving,” said Ted Coltrain, vice president of operations […] [Read More]

Black Book reported wholesale values dropped 1.10% last week, the largest decrease analysts spotted during a single week in 11 months. The movement prompted Black Book to ask, “Is this a wakeup call or just a blip in the market in this wild world of the car business?” The price drop during the week that […] [Read More]