Please note: This commentary was originally published by Automotive News and can be found on their website here. The used-vehicle auction business learned one overarching lesson in 2020 — in-person auto auctions are not going away anytime soon. As the COVID-19 pandemic swept the nation, used-car auctions were often forced to change the way business […]
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CARMEL, Ind. and MONCKS CORNER, S.C. – XLerate Group Auctions’ Charleston Auto Auction in South Carolina has hired a former ADESA national specialty and mobile manager as its new specialty sales/fleet lease remarketer. The new hire is Andy Shaffer, and XLerate said he brings extensive knowledge of the specialty and auto remarketing industry. Charleston Auto […]
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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 […]
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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 […]
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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 […]
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