As part of the upcoming NAAA Convention issue of Auto Remarketing, we are once again spotlighting the High Performance Auto Auctions.  Essentially, this is a roundup of "Auto Auction of the Year"-type awards from consignors, auction groups and other industry stakeholders. For example, if you are a consignor, this might be a list of your auction of […] [Read More]

The September edition of Auto Remarketing will celebrate the National Auto Auction Association and the auto auction industry at large. One of the features in this special issue is the annual “Auction Life” photo spread, where we invite NAAA-member auctions to submit photos of daily auction life from the past year. If you and your auction(s) would like […] [Read More]

In this episode of the Auto Remarketing Podcast, EBlock chief executive officer Jason McClenahan returns to the show, this time for an in-person interview at Canada's Used Car Week last month at the Westin Harbour Castle in Toronto. Jason and Cherokee Media Group senior editor Joe Overby talk about EBlock's expansion and much more. To […] [Read More]

Black Book acknowledged, “last week kicked off the Fourth of July holiday, bringing us into Q3, and the lanes were a lot slower than normal.” Furthermore, analysts said rate of depreciation accelerated with wholesale values registering the largest single week decline since … [Read More]

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]

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]

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 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]

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]

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]