Wednesday, February 6, 2019 - 3:17pm

AuSM Staff

Noting that the expansion increases its operational capabilities and readiness for greater volume, online vehicle auction company, Copart, has opened a new location in Antelope, Calif. The company operates at more than 200 locations in 11 countries, with more than 125,000 vehicles available online. “We are... Read More

Tuesday, February 5, 2019 - 12:53pm

AuSM Staff

Portions of the U.S. are recovering from some of the coldest temperatures in decades and folklore groundhogs are providing mixed forecasts. However, Black Book editors already are seeing depreciation signals of spring being straight ahead. Reinforced by the assessment of an auction general manager from the Southeast,... Read More

Monday, February 4, 2019 - 3:29pm

AuSM Staff

Columbus Fair Auto Auction (CFAA) notes that dealers can take up to seven days to prepare vehicles purchased at auction for placement on their front line. A new CFAA service aims to save time by offering mechanic, reconditioning, body shop, and transportation services for a single flat rate.    Under... Read More

Monday, February 4, 2019 - 12:08pm

Joe Overby, Senior Editor

KAR Auction Services said last week that it has completed its purchase of CarsOnTheWeb, a digital wholesale auction platform out of Belgium. The agreement to purchase COTW was first announced Nov. 28. The purchase was for roughly 91 million euros in cash, as much as 65 million euros more (over time) based on... Read More

Friday, February 1, 2019 - 5:13pm

Joe Overby, Senior Editor

At KAR Auction Services, the widespread and varying investments it has made to adapt to the digital transformation in wholesale are multi-faceted.  They have included the purchases of companies in the digital space (TradeRev), data and analytics (DRIVIN), international (CarsOnTheWeb) and mobility (STRATIM). And... Read More

Friday, February 1, 2019 - 4:57pm

Joe Overby, Senior Editor

There wasn’t any “grand announcement” from Cox Automotive when Sandy Schwartz took the floor at an NADA Show 2019 press conference here late last month. Rather, Cox Automotive was touting a range of projects in the hopper designed to “make a difference in the future of dealers,” said... Read More

Friday, February 1, 2019 - 4:33pm

AuSM Staff

Automotive logistics provider ACERTUS has promoted Rich Pinnock to the position of senior vice president of Drive Away and Alisha Buelt to vice president of strategic services. Pinnock will lead the Drive Away division in the United States and Canada for ACERTUS. He is a nearly 20-year veteran of the... Read More

Friday, February 1, 2019 - 12:34pm

AuSM Staff

RVI Group examined the wholesale market in both the United States and Canada for the latest installment of the RVI Risk Outlook, spotting similar trends in both countries and comparable forecasts looking ahead toward 2020. Beginning first in the U.S., report indicated December real used vehicle prices — seasonally... Read More