Black Book reflected on the auction scene a year ago when explaining what analysts are now seeing as the industry again approaches Labor Day weekend. To set the stage, Black Book reported overall wholesale values ticked 0.23% lower while prices for cars dropped by 0.27% and values for trucks declined by 0.21%. But according to […] [Read More]

The latest addition to Carvana’s growing collection of integrated auction-recon center sites is coming to ADESA Dallas. The online used-car retailer announced it is bringing an inspection and reconditioning center to the existing wholesale auction in Hutchins, Texas, a 100-acre site with more than 15,000 parking spaces to support both Carvana’s IRC and ADESA’s ongoing […] [Read More]

When Jennie Johnley left her job at Missouri Auto Auction in 2018 and decided to be a stay-at-home mom, she thought her ties to the auto auction industry had ended. “I really thought I was leaving it behind,” Johnley said of her seven-year tenure at the auction. But facing the darkest days of her life […] [Read More]

Logistics technology provider RPM has named Binu Panicker as its new chief technology officer. In a news release, the company cited Panicker’s 26 years of technology and executive leadership experience including stints with Covisint, Dassault and most recently as CTO of FreightVerify, where RPM said he was “instrumental in transforming the company into an AI-powered […] [Read More]

Perhaps when someone at your dealership says, “just send it to the auction,” it potentially doesn’t have such a negative connotation now. Black Book said last week’s auction conversion rate came in at 63%, which was the highest level that analysts have seen since late April when dealers were tackling initial tariff reactions and squeezing […] [Read More]

Digital auto auction ACV has scaled up its no reserve sale to four days each week, giving buyers and sellers more opportunities to sell and source inventory in true $0 reserve auctions, the company said. The new schedule includes Tuesday, Wednesday, Thursday and Saturday sales beginning at noon ET, adding a Wednesday sale and moving […] [Read More]

Missouri Auto Auction and opened a celebration of 25 years in business with a ribbon-cutting ceremony at the five-lane facility in Columbia, Mo., featuring founder Gregg Boswell. The Boswell family, which has owned the independent auction since it was established by Gregg and Dagmar Boswell in August of 2000, said in a news release the […] [Read More]

Location Services has added former Cox Automotive executive Erik Kibler as its new vice president of marketing and strategic initiatives. The forwarding company for the third-party servicing industry said Kibler will lead its marketing strategy, brand development, data analytics and strategic growth initiatives across all verticals. “Erik has an impressive background and reputation in marketing, […] [Read More]

Cox Automotive said Monday it has closed its acquisition of Bel Air Auto Auction and Tallahassee Auto Auction from BSC America, a purchase announced late last month. While Cox Automotive was perhaps the auto industry’s most acquisitive company in the 2010s, these two locations are Manheim’s first U.S. auction additions in close to 25 years. […] [Read More]

Earlier this year, Tony Hall and Paul Lips were working to resolve an issue with Oklahoma’s vehicle title policy when their discussion veered off in a different direction. Hall, Carvana’s head of policy, title and registration modernization and chairman of the eSTART Coalition’s advisory board, told Lips, executive director of the National Auto Auction Association, […] [Read More]