AuSM Staff

Temperatures are rising nationwide with the first official day of summer coming soon, but prices on certain cars and trucks keep dropping noticeably as auctions and dealers enter the summer months. However this week’s Black Book Market Insights report indicated a few segments, such as sporty cars and compact vans,... Read More

AuSM Staff

ARI recently honored five of its best-performing auction partners based on scorecard metrics such as days to sell, days to write a condition report, days to fund and days to pick up. ARI added that the company changed its scorecard format by sending to auctions monthly and added a new metric for days to remove company... Read More

AuSM Staff

ADESA, a business unit of KAR Auction Services, announced Tuesday that it has named new general managers at ADESA Chicago and ADESA Fresno. The company has promoted Matt Itami from ADESA Flint to head its Chicago location and appointed ADESA Los Angeles’ Cheryl Toler as new GM at ADESA Fresno. These promotions... Read More

Michael Bor , CarLotz

On the surface, managing the total cost of ownership for vehicle fleets seems like a fairly straightforward calculation: Buy the right vehicles at a discounted price with low depreciation rates, take good care of them, maybe recondition them a bit before sale and wholesale them off as quickly as possible. Then,... Read More

AuSM Staff

KAR Auction Services has appointed former Cars.com mobile product leader Joe Oliveri new vice president of the company’s Autoniq business to replace Nicole Archer, who was recently named VP of international business development for KAR. Oliveri most recently served as Cars.com senior director of product and has... Read More

AuSM Staff

Dealers expanding their wholesale search parameters to find the clean vehicles that fit their inventory needs impacted both the weekly and monthly wholesale price updates from Black Book. Taking a look first at the monthly view, Black Book on Tuesday released its Used Vehicle Retention Index for May, describing a... Read More

MetroGistics rebrands to ACERTUS

AuSM Staff

Automotive logistics services provider MetroGistics is rebranding. The company, which has acquired McNutt, AmeriFleet and Metro Title Services over the past four years, is now known as ACERTUS. In a news release, MetroGistics said its rebranding to ACERTUS “reflects the companies’ coming together to form... Read More

NAAA announces 12 scholarship recipients

AuSM Staff

The National Auto Auction’s The Warren Young Sr., Scholastic Foundation recently announced its 12 scholarship recipients for the year. In its 14th year, the program now offers eight $5,000 scholarships for attending a four-year institution and four $3,000 scholarships for a two-year college or vocational-technical... Read More

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