Industry Leader Wins Two Remarketing High Honors in One Night
National auction executive and NAAA mover Charlotte Pyle takes the titles of icon and hall of famer for her lengthy career of achievement and service.
National auction executive and NAAA mover Charlotte Pyle takes the titles of icon and hall of famer for her lengthy career of achievement and service.
The latest NAAA event in Chicago served up a stream of accomplishments, honors, and leadership promotions.
The leading auction and consignor professional trade organizations will work together in the areas of EV safety, consignor-auction transaction standards, and industry education.
Company co-chair Dave Blake will succeed Weaver, whose remarketing industry spans more than 40 years with multiple executive roles.
Sales in Q3 are expected to surpass 3.9 million, a jump of more than 15% from the same timeframe one year ago.
During the last two weeks, Manheim Market Report (MMR) prices declined an aggregate of 0.3%, which was less than half of the normal decline for this time of year.
The new arrangement meets a need in Florida for an auction that can service the commercial account business.
After a 41-year career at Cox Automotive, current CFO Mark Bowser will retire this year and Senior Vice President of corporate development Scott LeTourneau will take his place on September 19.
Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.
With sales slightly stronger than expected, tight supply, and prices at about 6% below last year, these factors are expected to prevent any substantial decline in wholesale prices through year-end.
The number of used vehicles for sale had been increasing after hitting a low point in March but that increase in inventory stalled in mid-July and into August, as sales unexpectedly picked up.
The United Auto Workers contract with the Detroit Big 3 automakers expires Sept. 14 as new inventory remains 68% above last year's level.
U.S. fleet sales for August were strong and reached levels for the month not seen since 2019.
The purchase will integrate RCG Logistics under the ACERTUS brand and is the fourth transaction for ACERTUS whose parent company MetroGistics previously acquired MetroTitle, Amerifleet, and McNutt.
The conversion rate indicates that the first 15 days of August saw buyers with more bargaining power for this time of year.
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