There’s no doubt that AI is everywhere these days — and across all industries, organizations are looking for ways to best take advantage of the technology. Auto auctions are no exception, and companies have made AI part of their business in numerous ways. The following are some examples of how AI is changing the way […] [Read More]

When he met ACV CEO George Chamoun in February 2023, Conor O’Boyle found a kindred spirit in business, an ocean away from his native Ireland. A year-and-a-half later, ACV would end up acquiring Drive Inc., the company O’Boyle founded with Shane Ennis that operates wholesale digital marketplace TradeBid and electric vehicle platform Nevo. But if […] [Read More]

When he spoke to Auto Remarketing in late summer, National Auto Auction Association executive director Paul Lips had just returned from a trip to the U.K. to visit NAAA’s sister organization, the National Organization of Motor Auctions (NAMA), and attend its board meeting. “And I think I would say they’re ahead of us (digitally) only […] [Read More]

Copart — and most any publicly traded company in the auto industry, for that matter — doesn’t typically hold conference calls between their regularly scheduled quarterly earnings calls with the investment community. But this year is a little different for the online vehicle auction company. On June 29, Copart announced a CEO transition, under which […] [Read More]

Today, wholesale buying and selling is driven by more than gut feeling and experience. Fred Stark, CarMax’s regional vice president of auction services, said today’s decisions are driven instead by data. “There is still a savviness needed in this industry, but a lot of it is more geared toward algorithms and just more data-driven all […] [Read More]

What it means to be an auction is changing. Some of these shifts have happened over the years, while others seem to have occurred overnight. Consider the current environment: Digital used-car retailer Carvana now owns ADESA's U.S. auctions and has launched inspection and reconditioning centers. ACV started as a digital platform but is now a […] [Read More]

As the National Auto Auction Association reported last month through its AuctionNet data, the opening six months of 2026 marked the strongest first half for auction vehicle sales in seven years. There were nearly 3.7 million vehicle sales at AuctionNet-participating auctions, the highest first-half tally since 2019. Drilling down into the most recent results from […] [Read More]

Annual depreciation for used vehicles on average has been historically between about 16 and 18%. Last year that figure was 13%, said Larry Dixon, vice president of Auction Data Solutions/AuctionNet at the National Auto Auction Association. “This year we’re trending to about 12% to let’s call it 14%, so very similar to what we saw […] [Read More]

Like NASA’s Artemis II mission in April, retail used-car prices rocketed into orbit this spring. And slowly but surely, “they’ve come back to down to earth.” Just not at astronomical speeds, says CARFAX, known for its history reports on more earthly vessels. The CARFAX Used Car Index in July is up 0.1% from June, an […] [Read More]

Caribou’s Q2 2026 Auto Refinance Trends Report showed subprime consumers enjoyed the deepest rate cuts across credit tiers, based on data from April to June of customers who refinanced to lower their monthly payments. Before someone begins to project that refinancing in the subprime market could take off even more if the Federal Reserve goes […] [Read More]