Wholesale
NHTSA responds to Carvana inquiry about e-Signatures on odometer disclosures
Tuesday, May. 14, 2024, 03:03 PM
Auto Remarketing Staff
Companies from throughout the automotive industry might brace themselves when a letter arrives from a federal agency. Last week, Carvana celebrated the arrival of one from the National Highway Traffic Safety Administration. Carvana highlighted that letter because it affirmed the legality of electronic signatures (e-signatures) on physical odometer disclosure documents. Carvana said it pursued this […] [Read More]
NAAA Pioneer Award winner Poteet joins TPC Management
Monday, May. 13, 2024, 04:35 PM
Auto Remarketing Staff
John Poteet, a longtime auction owner/operator and recipient of one of the National Auto Auction Association’s most prestigious honors, has joined TPC Management Company as an industry associate and management advisor. TPC president Pierre Pons said Poteet will focus on the firm’s advisory work with auction owners evaluating whether to sell their businesses, and assisting […] [Read More]
DAA Mobile names new general manager
Thursday, May. 9, 2024, 02:03 PM
Auto Remarketing Staff
Dealers Auto Auction of Mobile in Mobile, Ala., has named longtime KAR Global (now known as OPENLANE) executive Mike Drzayich as its new general manager. Drzayich’s experience includes more than 15 years with KAR Global, beginning in sales and as fleet lease manager in Dallas, selling 50,000 cars annually for some of the largest commercial […] [Read More]
5 benefits of new Montway program to attract quality drivers
Thursday, May. 9, 2024, 12:56 PM
Auto Remarketing Staff
Montway Auto Transport unveiled a new program this week to get the best professionals the company can get behind the wheel. The provider of third-party logistics brokerages launched its Preferred Carrier Network program, which is an initiative designed to attract and reward high-caliber car haulers. Montway highlighted this unique program offers “unmatched” benefits to carriers, […] [Read More]
AuctionNet data: 15% growth in late-model vehicle sales at auction
Thursday, May. 9, 2024, 12:37 PM
Auto Remarketing Staff
Dealers looking to secure late-model vehicles at auction are in luck. One- to 3-year-old vehicles was the only age group to show a month-over-month increase in wholesale auction sales volume during April, climbing 3%, according to AuctionNet data from the National Auto Auction Association. Sales of 1-3-year-old vehicles climbed 15% from April 2023, as all […] [Read More]
Lane watch: Spring market might be finished soon
Wednesday, May. 8, 2024, 02:50 PM
Auto Remarketing Staff
We rolled into May last week, and the auction world might be finished with spring soon. Black Book’s latest observations of wholesale values showed the overall market ticked 0.09% lower during the week that closed with the 150th Kentucky Derby. Despite the spring lift for prices halting, dealers might still be racing for the Winner’s […] [Read More]
Missouri Auto Auction event raises $70,000 to help fund adoptions
Tuesday, May. 7, 2024, 02:42 PM
Auto Remarketing Staff
Missouri Auto Auction recently held a promotional event to benefit Bree’s Gift, a nonprofit organization that honors the life of Bree Isabel Johnley, who passed away at 4 years old, by providing families with up to 100% of the funding needed to adopt a child. Jennie Johnley, Bree’s mother and founder of Bree’s Gift, is […] [Read More]
Former GM executive joins United Road as SVP of sales and marketing
Monday, May. 6, 2024, 03:09 PM
Auto Remarketing Staff
Longtime General Motors executive of Anthony Clevio is joining vehicle transport logistics provider United Road as senior vice president of sales and marketing, United Road chairman and CEO Mark Anderson announced. Clevio most recently served as GM’s global logistics director of finished vehicle logistics. In 17 years with the automaker, his roles included positions in […] [Read More]
Q1 commercial consignment sales at OPENLANE climb 33%
Friday, May. 3, 2024, 11:24 AM
Joe Overby, Senior Editor
Sales of commercial vehicles in OPENLANE’s marketplace during the first quarter were higher than any quarter of 2023, pushing total vehicle sales up by nearly 13% year-over-year. In its Q1 results reported Wednesday, OPENLANE said the number of commercial vehicles sold through its platforms climbed from 167,000 in Q1 2023 to 222,000 in Q1 2024 […] [Read More]
NAAA sends update about title transfers in NJ
Thursday, May. 2, 2024, 03:04 PM
Auto Remarketing Staff
The National Auto Auction Association alerted members about a recent decision by the New Jersey Motor Vehicle Commission (NJMVC). In a message delivered on Thursday, NAAA recapped that NJMVC no longer accepts Connecticut’s Supplemental Assignment of Ownership (Q-1) forms for title transfers in New Jersey. NAAA explained that the new policy means that Connecticut’s Q-1 […] [Read More]