OPENLANE has taken another step in its consolidation. The operator of digital wholesale used vehicle marketplaces has launched the new OPENLANE US digital marketplace, combining off-lease inventory from U.S. commercial sellers with the dealer-to-dealer inventory of BacklotCars. In OPENLANE’s third quarter earnings call on Nov. 1, CEO Peter Kelly revealed the company’s plan to consolidate […] [Read More]

America’s Group has grown into an industry giant with an aggressive series of acquisitions. Now it has a new leader in that area. America’s Group, which includes America’s Auto Auction and floorplan provider AXLE Funding, has added Chris Elliott as vice president of mergers and acquisitions. “Along with his exceptional background with M&A, Chris has […] [Read More]

Cox Automotive formed in 2014 as the umbrella entity for the automotive properties of Cox Enterprises, and since then, has expanded to include more than 60 entities. The company is now streamlining that portfolio to just 13 brands, Cox confirmed to Auto Remarketing. Cox Automotive’s two consumer-facing brands, Autotrader and Kelley Blue Book, remain as-is. […] [Read More]

While many industry leaders were in Scottsdale, Ariz., last week for the discussions and festivities associated with Used Car Week, consignors and dealers mingling through digital and physical auctions found themselves in a “state of correction,” according to Black Book. Black Book made that assertion after watching overall wholesale values tumble 1.55% and the estimated […] [Read More]

America’s Group said Monday that executive Laura Taylor is returning to her position as the general manager of the auction company’s Charleston, S.C., and Savannah, Ga., locations, while Bill McCready becomes regional vice president for the Southeast. McCready had been GM of the Charleston and Savannah auctions as Taylor was senior regional VP. “Helping America’s […] [Read More]

When OPENLANE wanted to know what dealers want when they do business on wholesale used-vehicle digital marketing platforms, it simply surveyed over 1,000 dealers in the United States and Canada. From a collective standpoint, dealers said they want a large variety of used vehicles offered for sale on platforms that are easy to navigate and they want reliable condition reports. And of course, everything has to be backed by responsive customer service, the survey said. Now, as its recent rebranding continues and with that dealer feedback in mind, OPENLANE is consolidating its ... [Read More]

The International Automotive Remarketers Alliance has named Lauren Baker as its new director of growth and operations, IARA executive director Mark Coleman announced. Baker comes to IARA with 13 years of auto industry experience, which includes owning a dealership with her husband and client-facing managerial roles with PHH and Element Fleet Management, where she worked […] [Read More]

The United Auto Workers (UAW) has reached tentative contract agreements with Ford, Stellantis and General Motors following stressful negotiations and six weeks of striking workers walking picket lines. Now with assembly plants gearing up for a return to normal activity, Black Book anticipates the wholesale market going back to what consignors and dealers typically see […] [Read More]

America’s Group has promoted America’s Auto Auction El Paso general manager Luke Pidgeon to regional vice president of the America’s Group Western region. “As we continue to grow, we are focused on strategically supporting our auctions,” senior regional vice president Brian Thomas said in a news release. “We are thrilled that Luke is taking on […] [Read More]

The world’s largest auto auction is getting some of the industry’s latest technology. Manheim Pennsylvania — which bills itself as “the world’s largest wholesale vehicle auction” — has added three fixed imaging tunnels, powered by Fyusion artificial intelligence technology, designed to provide the industry’s most consistent and complete view of each vehicle. Manheim became the […] [Read More]