Monday, December 3, 2018 - 4:19pm

AuSM Staff

Among other honors the association shared throughout the week, the National Auto Auction Association announced its annual Auto Auction of the Year for Excellence in Community Service award at its convention last month. During the event, which was held in partnership with the National Remarketing Conference at Used Car... Read More

Friday, November 30, 2018 - 4:10pm

Michael Bor , CarLotz

We live in the age of data. Every day, people create at least 2.5 quintillion bytes of data  and we’ve generated 90 percent of the world’s data since 2016, according to this Forbes piece from May. While these statistics may seem startling, they underscore a new reality: An incredible amount of data... Read More

Thursday, November 29, 2018 - 12:35pm

AuSM Staff

A question often asked is how auctions will adjust to an automotive industry where mobility ventures and digital sales are more commonplace.  Manheim is looking at that proactively, creating  a new leadership structure for its assurance and reconditioning group designed to better position the company as the... Read More

Wednesday, November 28, 2018 - 4:25pm

AuSM Staff

This week, automotive logistics provider ACERTUS announced three key personnel moves to bolster its leadership team, leveraging a trio of executives who possess vast industry experience. Moving into leadership roles with the company are: • Jason Caporrino as chief operating officer • Michael Malakhov as... Read More

Wednesday, November 28, 2018 - 4:24pm

AuSM Staff

KAR Auction Services chief economist Tom Kontos didn’t need an elaborate explanation to describe movements associated with the October wholesale price data he and his team assembled. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale... Read More

Wednesday, November 28, 2018 - 10:30am

AuSM Staff

For the second time this month, KAR Auction Services has announced plans for a major purchase. And this time, it’s an international move that gives KAR an “anchor” in Continental Europe’s wholesale market and beyond. KAR said Wednesday morning it has reached a definitive agreement to buy... Read More

Tuesday, November 27, 2018 - 2:41pm

AuSM Staff

Consumers might have been elbowing each other for bargains this past week, but it appears dealers were not behaving similarly as auctions held their sales around Thanksgiving. As a result, Black Book’s newest Market Insights Report showed that prices for both cars and trucks didn’t soften as much last week... Read More

Tuesday, November 27, 2018 - 6:45am

AuSM Staff

Cox Automotive has named a chief sales officer. Hired to the position is Sid Nair, who joins the company from DXC Technology, an IT services company. Nair will report to Cox Automotive president Sandy Schwartz and will head up the company’s U.S. sales operation and marketing functions, which includes nearly 2,500... Read More