Alexis Jacobs, a former National Auto Auction Association president and former owner and chief executive officer of Columbus Fair Auto Auction, passed away Friday, according to a message from NAAA. Jacobs, who was the NAAA’s president in 1995, led CFAA until 2019. The XLerate Group acquired the auction in 2019. Jacobs was named NAAA Industry […] [Read More]

With Memorial Day Weekend unofficially starting summer and vacation season, Black Book noticed somewhat sleepy auction lanes last week and expects more of the same this week. But there are some interesting trends emerging that could affect the shape of the wholesale market as the temperatures continue to rise. “Many buyers seem to still be […] [Read More]

In 1996, the National Safety Council declared June “National Safety Month,” a time to reflect on working conditions around the country and how to create safer environments. Two decades later, it serves as an important reminder each year that workplace safety requires commitment each and every day from both a company and its employees. At […] [Read More]

XLerate Group, which acquired the America’s Auto Auction group late last year, said Wednesday it is rebranding the 16 XLerate auctions with the AAA name, as the company consolidates the XLerate auctions with the 23 AAA sites under a unified branding. The group is also launching a revamped logo. “XLerate Group’s acquisition of America’s Auto […] [Read More]

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]