Wholesale

Used-vehicle inventory remains in short supply, which is why vAuto is launching a new product designed to help dealers look beyond traditional channels to source vehicles. Global Search, an enhancement to vAuto’s flagship ProfitTime GPS inventory management system, is designed to make it easier for dealers to find and acquire the right vehicles across numerous […] [Read More]

Retail My Ride, an online network of independent retail consignment dealerships, has launched Bulk Retail Consignment, a program designed to provide select auto dealerships with exclusive access to institutional sellers’ best vehicles. Retail My Ride said it has partnered with a large consignor company to sell its national clients’ late-model cars, trucks and SUVs on […] [Read More]

Copart has added three new members to its senior executive leadership team. The provider of online vehicle auction and remarketing services has brought in David Kang as chief marketing officer, Neel Madhvani as chief product officer and Hessel Verhage as chief operating officer. Stephen Powers, who has served as COO since October 2020, will assume […] [Read More]

While it might be frigid with snow on the ground in much of the U.S., Black Book analysts are already discussing springtime because of auction activity they spotted last week. That activity pushed the estimated average weekly sales rate up to 55%, as Black Book reported wholesale prices softened by just 0.63%, which was in […] [Read More]

Logistics technology provider Autosled has promoted business development manager Jim Reilly to the newly created role of director of field sales. The company said Reilly will manage and develop its regional field sales team throughout Georgia, North Carolina, South Carolina, Tennessee and Florida. “It is our pleasure to promote Jim into this newly created dynamic […] [Read More]

Cox Automotive and Subaru of America recently highlighted their latest philanthropic efforts that involved a wide range of activities. Cox Automotive is calling its new effort Project Pink, which is an initiative to celebrate diversity among its Fleet Services and Manheim technicians and support breast cancer awareness. Meanwhile with temperatures throughout much of the U.S. […] [Read More]

As president of the National Auto Auction Association, Eric Autenrieth knows that security issues are affecting the auction industry in more ways than just theft of vehicles or catalytic converters. Criminals are tapping into bank accounts. They are stealing usernames and passwords. “You don’t know about it … for 30 days, and by then the […] [Read More]

Battery electric vehicles were a tiny percentage of the wholesale market in 2023, but it is a market segment that is forecast to show exponential growth. Auctions are preparing with investment and training for more BEVs to enter their lanes. “We believe EVs are the future,” Stephen Smith, vice president of product and engineering at Cox Automotive, told Auto Remarketing. Manheim, Cox Automotive’s auction division, sold around ... [Read More]

SYCN Auto Logistics is beginning the new year by filling a new executive role with a professional whose career includes involvement with automotive retail, rental and financing. The full-service auto transport management solution offering technology and transportation services appointed Brett Lippel as its new chief partnership officer. Prior to joining SYCN Auto Logistics, Lippel served […] [Read More]

Some folks struggle to get back into the swing of full-time activity to begin the year, especially if they took significant time away for the holiday season. Evidently, the wholesale market might be experiencing the same back-to-the-grind struggles, according to the latest analysis from Black Book. Analysts indicated on Tuesday that wholesale values softened 0.68% […] [Read More]