Wholesale

Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2024, ACV CEO George Chamoun returns to the program to talk about sourcing inventory from consumers, ACV’s “TEC Talks,” growth areas for the company, its work with a.i.m. recon and much more. Listen to his conversation with Cherokee Media Group senior editor […] [Read More]

Copart has a new leader. The online auto auction platform’s board of directors has appointed Jeff Liaw, who has been serving as co-CEO since March 2022, as the sole CEO and a member of the board, effective April 1, as longtime CEO Jay Adair steps aside into the new role of executive chairman. Adair was […] [Read More]

We turned out clocks ahead on Sunday and spring officially arrives on the calendar next week. As far as the auction climate, Black Book said spring is in full swing, in part because 32% of vehicle segments generated a rise in value last week. All told, analysts reported wholesale prices edged just 0.05% lower and […] [Read More]

Auto auction giant ADESA announced leadership changes at four of its locations, with new general managers at the helm in Orlando, Tampa, Minneapolis and Shreveport, La. Rod Thompson has joined ADESA Orlando as GM after nine years with the company, beginning in 2015 as dealer sales and service manager of ADESA Tulsa. He was promoted […] [Read More]

The International Automotive Remarketers Alliance announced the organization is undergoing a brand update. The new branding will be unveiled during the welcome reception of the annual CAR Conference, coming up March 26-28 in Phoenix. The alliance said the rollout will continue throughout the summer and is scheduled to be completed by IARA’s Summer Roundtable, set […] [Read More]

We Help Dealers, a jack-of-all-trades dealership service provider, is adding another trade — wholesale vehicle acquisition — to its offerings. The company has launched a comprehensive inventory sourcing service, designed to boost dealer efficiency and productivity by handling the necessary research, based on individual dealer preferences. We Help Dealers, founded and owned by auto industry […] [Read More]

Reconditioning operations is one of Manheim’s fastest-growing areas, and its parent company Cox Automotive is working to keep up, announcing plans to open its fifth auto tech training center this year. The new center, to be located in Chicago, joins the four current training centers at Manheim locations in Southern California, Central Florida, New Jersey […] [Read More]

Plug, an online wholesale auction that facilitates electric vehicle buying and selling, is looking to add more buying dealers to its platform and has hired a former Carmigo, A2Z Sync and ACV executive to lead that charge. On Thursday, the company announced that Susan O’Rourke is now its vice president of sales and business development. […] [Read More]

Fueled in part by strengthening values of compact cars and a Tesla Cybertruck hitting the wholesale market, “February concluded with robust performance,” Black Book said in its latest weekly report. Analysts reinforced their assertion because overall depreciation was just 0.16% during the week that included Leap Day and the first two days of March. Black […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2024 in Las Vegas last month is a conversation with two executives leading the North American marketplaces at OPENLANE: senior vice president Shiv Dutt, who is also the president of the company’s US marketplace; and SVP Trevor Henderson, who is president of […] [Read More]