As in-lane bidders return to wholesale auto auctions amid the coronavirus pandemic, one thing is clear: Used-vehicle buyers want both physical and digital sales. In-lane buyers at Manheim returned last week for the _rst time in three months at a handful of auctions while rival ADESA was allowing in-person buyers at more than two dozen […]
Read more
COLUMBUS, Ohio and INDIANAPOLIS – Tim Sherk is the new general manager for XLerate Group’s Columbus Fair Auto Auction, and he brings more than 20 years of auto auction management experience with independent and large corporate-owned auctions. Sherk joins CFAA following the retirement of former CFAA president and general manager, Greg Levi, who will spend more […]
Read more
CARY, N.C. – Peter Mogk has strong feelings in favor of the independent auto auction business. “It’s extraordinarily exciting to be on the ground on auction days when vehicles are rolling, and guys are bidding,” said Mogk, who is senior partner for private equity firm Huron Capital. In his early days out of college, Mogk was […]
Read more
CHARLESTON, S.C. – XLerate Group Auctions’ Charleston Auto Auction in Moncks Corner, S.C., has hired Nichole Brannon as executive sales director, noting that Brannon brings 13 years of auto remarketing industry expertise. Brannon was previously senior manager of client services for Manheim Darlington, overseeing the auction’s client-facing departments. “Her practical knowledge of auctions and affinity […]
Read more
INDIANAPOLIS and COLUMBUS, Ohio – After discussions and negotiations that spanned “several years,” Columbus Fair Auto Auction (CFAA) became part of the XLerate Group on Friday afternoon. During a phone conversation with Auto Remarketing just a couple of hours after the acquisition closed, XLerate chief executive officer Cam Hitchcock conveyed a message to customers of CFAA, an auction […]
Read more