OPENLANE’s latest tool aims to let dealers work less on selling cars at auction. The digital wholesale used-vehicle marketplace has launched Automated Absolute Sale, a new tool that lets sellers set a price threshold at the time of listing, with the vehicle entering Absolute Sale mode when the price is reached. OPENLANE said the feature […] [Read More]

America’s Group continues its “coast to coast” M&A growth. The auction company said on Monday it has acquired Motley’s Richmond Auto Auction in Virginia, which is its third purchase announced in the last two months. In June, America’s announced the acquisition of San Antonio Auto Auction, followed by July’s purchase of Corpus Christi Auto Auction. […] [Read More]

The wholesale vehicle market has emerged out of COVID with a few new wrinkles, some driven by the pandemic itself and some happening coincidentally. For instance, more electric vehicles are making their way into the wholesale market, a trend likely applicable to the latter.  Even more pronounced than a rise in EVs is the increased digitization of the market, a phenomenon more applicable to the former. In data sets, presentations, interviews and calls with the media this summer, leading executives and analysts ... [Read More]

In his final Kontos Kommentary, ADESA chief economist Tom Kontos — who is retiring from his post on Aug. 16 — does what he has consistently done for more than two decades with these reports. He shares precise segment-by-segment statistics on wholesale vehicle values from the past month. provides context to those price movements and […] [Read More]

Next up on our “M&A + Auto Auctions” series of the Auto Remarketing Podcast is a conversation with TPC Management Co. president Pierre Pons and longtime auto auction executive John Poteet, who recently joined TPC as an industry associate and management advisor. In this episode, we look at the auto auction M&A landscape from the […] [Read More]

After decades of keeping time like a steady drumbeat of automotive market analysis, Tom Kontos enters his swan song as chief economist at ADESA. Kontos is retiring next month, with his official last day at ADESA being Aug. 16, marking the coda to a 40-year career, the last 30 of which were spent as an […] [Read More]

Almost four months after introducing its new president, Gulf States Toyota has added another member to its leadership team. Mike Brennan, a 28-year automotive veteran, has been named chief operating officer and senior vice president, effective Aug. 5. The company said he will oversee field operations, marketing, dealer relations, fixed operations and supply and demand. […] [Read More]

Retail My Ride is using everyone’s favorite four-letter word: free. The auto retail consignment sourcing platform has launched a new initiative called “Get Free Inventory”, which, it said, “offers used car dealerships the opportunity to access free high-quality vehicles of all makes, models and ages through retail consignment from private party and institutional sellers.” “We […] [Read More]

As part of the upcoming NAAA World Remarketing Convention issue of Auto Remarketing, we are spotlighting the annual High Performance Auto Auctions. Essentially, this is a roundup of “Auto Auction of the Year”-type awards from consignors, auction groups and other industry stakeholders. For example, if you are a consignor, this might be a list of […] [Read More]

The September edition of Auto Remarketing will celebrate the National Auto Auction Association, the upcoming NAAA World Remarketing Convention and the wholesale vehicle industry at large. One of the features in this special issue is the annual “Auction Life” photo spread, where we invite NAAA-member auctions to submit photos of daily auction life from the past year. […] [Read More]