The 2026 Conference of Automotive Remarketing convened with a mandate to involve a new constituency — fleet managers — and an updated mission to demonstrate unrealized value in de-fleeted vehicles.
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The XLerate Group has acquired Corry Auto Dealers Exchange (CADE) from Merle Swift, which marks the group's entry into the Pennsylvania auction market, the company has announced. Terms were not disclosed.
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The National Auto Auction Association awarded XLerate Group Auctions with the Warren Young Scholastic Foundation award that signifies the auction group’s participation in the NAAA’s Auction Safety Certification and Lane Safety training program.
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Challenging winter weather led to a slight year-over-year decline in auction sales through January in the Midwest region of the U.S. However, as January concluded and February progressed, sales began to pick up.
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Large pickups and mid-size SUVs, especially those vehicles with all-wheel drive, sold particularly well in December and January in Colorado and Idaho, as a mild winter didn't affect Colorado, while heavy snow and ice muted auction activity in Idaho.
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As the Northeast region deals with what the Weather Channel has called Winter Storm Decima, certain trends at auctions across the nation remain consistent with locations in the region, such as the popularity of trucks and a decline in activity at auction as the result of the holidays.
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Auctions in the Pacific Northwest and across the northern tier of the U.S. have seen a healthy influx of Canadian units over the past two years as a result of a softening economy in western Canada and a weak Canadian dollar.
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A higher portion of pricier off-lease units that made their way onto the market in September, along with higher truck prices, which resulted in a flat wholesale market for the month in the Southwest region.
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In South Carolina, one auction is seeing an increase in former fleet vehicles. In South Florida, another auction is bucking lower luxury residual values.
Read More →Copart, Inc. is opening its first German vehicle storage and auction location in Bad Fallingbostel, near Hanover, the online auctioneer has announced.
Read More →Vehicle remarketers have been pushed to follow more and more regulatory compliance procedures for financial institutions and other consignors while handling wholesale vehicle sales, ServNet's CEO told Vehicle Remarketing Reporter.
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