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 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]

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]

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]

Here’s more industry consolidation; this time in the fleet space. A news release from Athene Holding distributed on Monday announced the signing of a stock purchase agreement by LeasePlan Corp. with Wheels Donlen’s parent company to acquire LeasePlan USA. The result will be the combination of LeasePlan USA with Wheels Donlen to create a unified […] [Read More]

With the average price for a gallon of gas now above $5, Black Book’s newest installment of Market Insights highlighted how wholesale prices for vehicles such as compact cars and full-size SUVs are moving in distinctly different directions. “Fuel prices appear to still be having a … [Read More]

Another sign that high wholesale vehicle prices aren’t going anywhere sometime soon: Black Book’s Used Vehicle Retention Index ended a three-month run of sequential declines in May and eclipsed year-ago numbers by more than 18%. Specifically, the index came in at … [Read More]

As overall wholesale prices gained another 0.11% last week, the newest installment of Black Book’s Market Insights began with analysts focused on two vehicle segments that often attract the most buyer attention. Black Book said full-size trucks and compact cars have been “catching our eye in recent weeks … for their pricing movements are now […] [Read More]

Central Auto Auction now is being overseen by a new auction manager who has been in the industry longer than the operation itself. Announced earlier this month, the new auction manager at Central AA is Anthony Jasiak, who has more than 25 years of experience. Jasiak started his career as the AGM with ADESA New […] [Read More]

CarOffer said Monday it has launched a national non-affiliated online used-car exchange desk called PremiumXchange (or PX), where dealers throughout the country can exchange cars with one another at prices determined by those dealers. Through the Instant Market Value technology from CarOffer parent CarGurus, dealers can use PX to take advantage of price disparity from […] [Read More]