E Automotive Inc. and its EBlock dealer-to-dealer digital auction subsidiary have purchased another independent auto auction and continue to grow in the Southern U.S. As part of its U.S. expansion strategy, the Toronto-based company announced Wednesday it has acquired Louisiana’s 1st Choice Auto Auction. “The acquisition of Louisiana's 1st Choice is another example of us executing our […] [Read More]

We begin this auction news roundup in the ServNet group, where member auction DAA Northwest announced the headliner for its Rock & Roll Sale: Sammy Hagar and the Circle. Hagar is perhaps best known as a former frontman of Van Halen, along with his longtime solo career. There will be an auction, party and concert […] [Read More]

Overall wholesale prices as well as values for both cars and trucks moved higher last week at almost the exact same pace as the previous week, according to the newest Market Insights released by Black Book on Tuesday. The price climbs arrived as the estimated average weekly sales rate remained at … [Read More]

In this episode of the Auto Remarketing Podcast, ACERTUS chief executive officer Trent Broberg joins the show. Broberg talks with senior editor Joe Overby about the current auto transport and logistics landscape, including a look at adapting to smaller carrier loads, the impact of digital buying and selling, plus much more. To listen to the conversation, click […] [Read More]

As the firm does each quarter, AutoIMS shared its AutoIMS Industry View for the first quarter of 2022 on Thursday. The company has described the report as a “compendium of metrics featured in the AutoIMS Sales Scorecard that reflects the AutoIMS database (with a few needed exclusions) — a vast majority of the commercial sales volume at wholesale […] [Read More]

ACV recently reported and examined its first-quarter performance, while also sharing how its strategy is playing out in the current auction environment. That strategy? Delivering solid revenue growth and market share gains, both of which occurred in the first quarter of 2022. During the call, chief executive officer George Chamoun said … [Read More]

Montway Auto Transport said Tuesday that Kaye Ceille, formerly the company’s chief operating officer, will now be the president of its business solutions group. In this new role, Ceille will aim to expand Montway’s business-to-business customer base, including dealers, auctions, rental car companies, automakers, auto finance companies, fleet management companies and moving/relocation companies. Her focus […] [Read More]

Westlake Financial announced its 2021 Auction of the Year Award winner on Monday, along with Top Regional Auction honorees. Taking home top honors was Manheim Dallas, which was also the regional winner in the South Central U.S. Other Top Regional Auction honorees included: Midwest Region: Manheim Milwaukee Southeast Region: Rawls Auto Auction Northeast Region: Manheim Baltimore-Washington Southwest Region: ADESA […] [Read More]

Perhaps used-car managers at dealerships and futures traders on Wall Street are similar nowadays, based on  what Black Book said is the current sentiment about new-car availability. Analysts acknowledged in the newest installment of Market Insights distributed on Tuesday that “supply-chain issues continue to push the ‘return to normal’ new-vehicle production levels well into … [Read More]

Auto Remarketing is recognizing the 2022 Women in Remarketing honorees in the May issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Beth Stewart, who is commercial accounts manager at ADESA Atlanta. Auto Remarketing: What is the top trend you’re watching in remarketing/ wholesale automotive this […] [Read More]