Wednesday, December 19, 2018 - 11:53am

AuSM Staff

Online dealer-to-dealer wholesale marketplace ACV Auctions announced a $93 million Series D funding round on Wednesday, bringing its total funding raised since 2015 to more than $145 million. Bain Capital Ventures and Bessemer Venture Partners led the round, which also included Future Fund, Tribeca Ventures and Armory... Read More

Friday, December 14, 2018 - 2:56pm

AuSM Staff

KAR Auction Services chief economist Tom Kontos easily explained the notable wholesale price decline he and his analyst team spotted after compiling November data. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, Kontos noted wholesale used-vehicle... Read More

Thursday, December 13, 2018 - 10:45am

AuSM Staff

The damp chill of Michigan in December didn’t prevent Insurance Auto Auctions from celebrating this week. The business unit of KAR Auction Services opened of its new facility in Flint, Mich. The new branch is IAA’s third strategic location serving the northern Midwest market of Michigan. The site boasts a... Read More

Thursday, December 13, 2018 - 10:42am

AuSM Staff

Another consignor is enhancing its remarketing efforts by leveraging technology and high-level mathematics. On Thursday, Sagent Lending Technologies announced the integration of Manheim Market Report (MMR) into its suite of business process outsourcing (BPO) solutions for its remarketing operations. With this... Read More

Wednesday, December 12, 2018 - 1:48pm

AuSM Staff

Along with an enhanced partnership with General Motors, Enterprise Holdings this week announced the promotion of Christine Taylor to president and chief operating officer and the promotion of Carolyn Kindle Betz to president of the Enterprise Holdings Foundation. The move makes both senior executives among the... Read More

Tuesday, December 11, 2018 - 12:55pm

AuSM Staff

The newest installment of the Market Insights Report from Black Book indicated how December is turning into a joyous time so far for both consignors and dealers. The latest wholesale price data and anecdotes from sale days showed that used-car managers are finding more affordable vehicles to fill their inventories while... Read More

Monday, December 10, 2018 - 11:53am

AuSM Staff

ADESA has a new general manager for its Buffalo, N.Y.-area location. The GM of ADESA Buffalo is now David Fountaine, whose background includes more than two decades in the corporate, educational, non-profits and government arenas — including close to 14 years with Maritz, a company that provides market... Read More

Friday, December 7, 2018 - 3:31pm

AuSM Staff

BacklotCars, an online wholesale car marketplace for dealers, has secured Series A funding of $8 million, $10 million more in an expanded credit facility, the company said in a news release. Origin Ventures led the financing round, and its co-founder and partner Steve Miller will join the BacklotCars board of... Read More