IAA Appoints New Exec

August 26, 2020

IAA Inc., a global digital marketplace connecting vehicle buyers and sellers, announced the appointment of Andrew Albrecht as vice president and chief information security officer. Albrecht will report directly to Maju Abraham, Senior Vice President and Chief Information Officer.

“We are pleased to welcome Andrew to the IAA Team,” said Abraham. “Andrew has extensive experience in advanced information security governance at well-known, multibillion-dollar retailers. His impressive track record will allow enhanced protection of IAA’s intellectual property, while optimally securing IT and business resources.”

Most recently, Albrecht served as senior director, IT security & compliance for Designer Brands Inc. (DBI), an omnichannel retailer with more than 650 stores across multiple international brands. At DBI, he developed and championed comprehensive business-minded visions and actionable strategies to identify and minimize risk while also establishing a cybersecurity operations center.

Prior to DBI, Albrecht was vice president/chief information security officer for Michaels Stores and held various information security leadership roles at global companies. Albrecht earned his Master of Science degree in Security Technologies from the University of Minnesota.

August has been another step forward in the market’s recovery, although the pace of sales improvement now appears to be slowing, according to a forecast this week by Cox Automotive.

“While the market continues to slowly improve, there are a number of factors preventing more robust gains,” stated Charlie Chesbrough, senior economist at Cox Automotive.

Charlie Chesbrough
Charlie Chesbrough

“Limited inventory for some brands, as well as the ongoing high unemployment and low confidence from the pandemic, continue to keep sales from rebounding more quickly. There’s been a noticeable pull-back in incentives as well. These problems will likely persist, at least in the near term.”

Available inventory continues to plague much of the market and was the key story in August. Some brands were wrestling with significant shortages. Toyota, Lexus, and BMW all had less than 40 days of available inventory in the latter part of the month, far below the current industry average of 60.

“Obviously, you can’t sell what you don’t have,” added Chesbrough. “The lack of inventory likely kept some potential buyers out of the market.” Low inventory means less choice when it comes to vehicle color or trim package. It also means higher prices. Recent research from Cox Automotive notes nearly 20 percent of dealers have raised retail prices since the start of the pandemic. A similar percent of consumers admit they are putting the vehicle purchase on hold, waiting for a better deal.

New vehicle sales are forecast to finish at 1.30 million units for August, down nearly 20 percent compared to August 2019. When compared to last month, sales are expected to rise nearly 90,000, an increase of 7 percent. The SAAR in August 2020 is forecast at 14.9 million, far below last year’s 17.1 million level, but an improvement from last month’s 14.5 million pace.

While all major segments are expected to see increased sales compared to last month, SUVs and pickup trucks will continue to outperform.

 

McConkey Auction Group announced that it has retained Joe Lemonds as general manager of DAA Las Vegas. Lemonds and his family will relocate to Las Vegas from South Carolina, where he has spent the past two years as assistant general manager of sales for Carolina Auto Auction. Prior to his promotion to AGM, he managed the auction’s national accounts.

“We’re really excited for Joe – this move is a great opportunity for him and his family, and it’s well-deserved. He will definitely be missed here at our sale though,” said Eric Autenrieth, Carolina Auto Auction’s general manager and owner. “We’ve begun the search for a qualified candidate to oversee our commercial sales, dealer sales, and marketing teams, and we know that filling Joe’s shoes won’t be easy.”

Bob McConkey, CEO and president of McConkey Auction Group, is confident Lemonds has the management and leadership skills to bring DAA Las Vegas to its full potential. “Joe understands the challenges that dealers and national accounts are facing. He’s eager to help them succeed in their businesses as he works to expand DAA Las Vegas’ market,” McConkey said. Lemonds will work with industry veterans Dan Thomas, vice president of DAA Las Vegas; and Russ Norrish, DAA Las Vegas’ managing partner.

As DAA Las Vegas’ General Manager, Lemonds joins MAG’s executive team of senior level leaders who are charged with casting and executing the vision of the organization’s current operations and future growth. Recent physical expansion (DAA Las Vegas) and digital growth (MAG Now) have brought additional executive team changes to MAG.

Chris Bradley has joined MAG and oversees business development. He will work out of DAA Seattle and will work closely with General Manager Dave Blake and Brian McConkey, vice president of digital strategy with MAG Now.

Dave Pendergraft has been promoted to MAG’s Chief Operating Officer. He formerly served as DAA Northwest’s general manager in Spokane, Wash.

Collin McConkey has been named general manager of DAA Northwest. Colin McConkey previously led the auction’s vehicle processing team and has also managed digital sales. He has been instrumental in the successful launch and growth of MAG Now, McConkey Auction Group’s digital auction in partnership with EBlock.

“I’m really looking forward to working alongside Joe and our entire executive team,” Bob McConkey said. “The Stanley family (Carolina Auto Auction) and McConkey family have a deep connection and a long history in this industry.”

Manheim has added six more sites to its list of in-lane bidding (Digital Block) locations. This brings the total number of Manheim in-lane bidding sites to 43.

“As we continue with our reopening plans, we’re hearing positive feedback from dealers about in-lane bidding at our pilot sites,” said Manheim’s division vice president Alan Lang. “After ongoing safety reviews, we will add six additional sites beginning Aug. 24, bringing the total to 43 locations… We continue to be intentional with our decision to expand the program, as health and safety remain at the center of everything we do. Should the data continue to support a safe environment for team members and clients, we anticipate adding more locations.” 

The six sites include Manheim Riverside, Manheim Southern California, Manheim San Diego, Manheim California, Manheim San Francisco and Manheim Tucson.

Manheim’s Lot Vision vehicle tracking system is now in place at 19 Manheim sites. Lot Vision was deployed at Manheim Tucson and Manheim New Jersey earlier this month.

Auto Auction Services Corp. announced a new mobile application for its members. The AutoIMS app was designed to offer users the most vital data and features of the company’s inventory management system in the palms of their hands.

Provided to users at no additional cost, the app is an intuitive window into AutoIMS and allows users to: search for vehicles (a VIN scanner is included); view and edit the most important vehicle data; review and add notes; enter or adjust floor prices; review and approve repairs on the CR; seamlessly transition from desktop work to mobile-enabled work; login using biometrics for security and convenience.

“Our journey from strategy, to concept, to design, testing, and rollout was intense,” said AutoIMS Chief Technology Officer Robert Williams. “Creating a good mobile experience requires extensive input, expertise, and trial & error. Our team, together with a partner called DevelopmentNow, rose to the occasion on everything from developing new data pathways to debating color schemes.”

AutoIMS released the app to all consignor and auction users gradually over the last few months, and already reports hundreds of logins per day. A group of beta testers that gave input on functionality and design beginning over a year ago were the first official users. As of Aug. 17, 2020, all users have access and were notified of their ability to download the app from either the Apple or Google app stores.

“This investment in our clients’ productivity tested our comfort zone. Yet it is already proving to be a meaningful value-add to AutoIMS users, despite the limited mobility imposed by the pandemic,” said Joe Miller, AutoIMS vice president of client experience.

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