In 2019, as OPENLANE was celebrating its 20th anniversary, Jim Hallett — who at the time was CEO of then-KAR Auction Services — looked back on the company’s 2011 acquisition of OPENLANE as an “inflection point” for KAR that “changed our company overnight.” “Over the years, of all the acquisitions we did, I would look at OPENLANE as being one of the most transformative acquisitions we made in the history of our company,” Hallett said in a January 2019 phone interview. “And we went from being a laggard to a leader with the acquisition of OPENLANE.  “And it didn’t change our company only because we sold more cars. It changed our company because of ... [Read More]

US AutoLogistics, an auto transport provider headquartered in Houston with origin points and terminal locations throughout the South, announced the expansion of its affiliated company, USAL Solutions. The company said in a news release that the move reflects USAL’s evolution and its strategic diversification as it recognizes its 10th anniversary this year. Originally established in […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Tina Pratt, regional sales director of ACV Auctions. What is the top trend you’re watching in remarketing/wholesale automotive this year? Looking forward into 2023 […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Tiffani Hall, director of remarketing operations at Primeritus Financial Services. What is the top trend you’re watching in remarketing/wholesale automotive this year? The wholesale […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Millicent McIntyre, senior director of buyer services at IAA. What is the top trend you’re watching in remarketing/wholesale automotive this year? Our industry continues […] [Read More]

Could wholesale vehicle values be headed for a downward slope? Perhaps, says Black Book. For the week ending Saturday, wholesale prices climbed once again, rising 0.20%, but the increases have slowed in recent weeks, the company said in Tuesday’s Market Insights report. Not to mention, seven of the 22 vehicle segments that Black Book tracks […] [Read More]

KAR Global is rebranding as OPENLANE, the company said Tuesday afternoon. The corporate name change will be effective May 15. OPENLANE, which has been part of KAR’s digital offerings for over a decade, will now be both the name of the parent company and the go-to-market brand for its digital marketplaces throughout the U.S., Canada […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Amity Smith, who is remarketing strategy & business management director at J.P. Morgan Chase. What is the top trend you’re watching in remarketing/wholesale automotive […] [Read More]

At last month’s Auto Intel Summit in Raleigh, N.C., Cherokee Media Group senior editor Joe Overby sat down with Jason Ferreri, executive vice president of customer solutions at KAR Global. Jason and Joe discuss digital remarketing strategies, wholesale vehicle volumes, the integration of KAR’s BacklotCars and CARWAVE platforms and more. The full conversation can be […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Emma Weisberg, who is chief marketing officer at EBlock. What is the top trend you’re watching in remarketing/wholesale automotive this year? The blending of […] [Read More]