Wholesale
Q2, especially April, could be ‘strongest’ time for used-car values
Friday, Apr. 8, 2022, 07:37 PM
Auto Remarketing Staff
Though still considerably higher than year-ago levels, wholesale vehicle prices declined sequentially for the second consecutive month. And the slowdown appears far from over, according to Cox Automotive, which said its Manheim Used Vehicle Vehicle Index came in at 223.5 in March. While up 24.8% year-over-year on a mix-, mileage- and seasonally adjusted basis, that […] [Read More]
defi REMARKETING presents 2021 Auction of the Year
Friday, Apr. 8, 2022, 03:18 PM
Auto Remarketing Staff
Auction award season continued this week as defi REMARKETING, the end-to-end remarketing services of defi SOLUTIONS, announced its 2021 Auction of the Year. The company’s top accolade went to ADESA Cincinnati/Dayton, as defi REMARKETING also recognized Manheim Dallas and Manheim Orlando as second and third place honorees, respectively. Executives highlighted ADESA Cincinnati/Dayton has been a […] [Read More]
Kontos looks at potential wholesale price trends using federal data
Wednesday, Apr. 6, 2022, 06:48 PM
Auto Remarketing Staff
Along with his usual review of wholesale price data compiled within KAR Global, chief economist Tom Kontos also used his regular industry update to offer a forward-looking price assessment, leveraging figures from the U.S. Bureau of Labor Statistics. For his newest Kontos Kommentary, Kontos examined the historical relationship between the used- and new-vehicle consumer price […] [Read More]
Lane watch: Why older vehicles are the ‘real headline’
Tuesday, Apr. 5, 2022, 03:48 PM
Auto Remarketing Staff
What you might have thought of as just a back-lot beater that only starts, steers and stops might be the vehicle currently most in demand in both the wholesale and retail markets. Black Book said the “real headline” of last week was the value increase for vehicles 8 to 16 years old, as analysts determined […] [Read More]
PODCAST: Rapid Recon CEO Dennis McGinn on current reconditioning trends
Tuesday, Apr. 5, 2022, 03:03 PM
Auto Remarketing Staff
Rapid Recon chief executive officer Dennis McGinn is the guest for this episode of the Auto Remarketing Podcast to discuss how dealers are preparing inventory; whether the vehicles are coming via trades, the wholesale market or purchases made from private owners. McGinn also pointed out who at the dealership is taking an even greater interest […] [Read More]
CarLotz continues executive changes with incoming president, CTO
Friday, Apr. 1, 2022, 07:05 PM
Auto Remarketing Staff
The top executive leadership changes at CarLotz continued on Thursday. Along with announcing that chief operating officer John Foley and chief technology officer Dan Valerian will be departing in April, CarLotz appointed a new president as well as a new CTO. Taking on the role of president of consignment-to-retail used vehicle marketplace is Ozan Kaya, […] [Read More]
3 execs to reinforce XLerate-AAA sales & marketing leadership
Friday, Apr. 1, 2022, 03:04 PM
Auto Remarketing Staff
XLerate Group, the parent company of America’s Auto Auction, has reinforced its sales and marketing departments by placing a trio of experienced wholesale market professionals into critical roles. The latest move arrived on Friday when the company announced the appointment of Sawyer Walker as director of national sales for the combined wholesale operation. Walker started […] [Read More]
GM Financial highlights 2021 Auction of the Year winners
Friday, Apr. 1, 2022, 02:59 PM
Auto Remarketing Staff
This week, GM Financial named five regional 2021 Auction of the Year winners and a winner of Most Valuable Auction of the Year, which are part of the consignor’s annual nationwide auction of excellence program recognizing the highest-performing auction locations in 2021. GM Financial said recipients were selected after reviewing each of the company’s 50 […] [Read More]
Copart elevates Liaw to be co-CEO
Thursday, Mar. 31, 2022, 06:04 PM
Auto Remarketing Staff
On Wednesday, Copart announced that its board of directors has appointed Jeff Liaw, who has been serving as president and chief executive officer North America, to be co-CEO in a move that’s effective on Friday. According to a news release, Copart said Jay Adair will continue his leadership of the company as co-CEO and as […] [Read More]
IAA makes moves in 3 countries
Thursday, Mar. 31, 2022, 04:08 PM
Auto Remarketing Staff
Along with recently broadening its foreign enterprise in Africa and Central America, IAA on Wednesday announced the domestic expansion of branches in Iowa and Illinois. According to a news release, capacity has doubled at the IAA Des Moines branch and IAA St. Louis has increased capacity by approximately 30%. IAA said the expansions will help […] [Read More]