McConkey Auction Group (MAG) is excited to announce its expansion into the southwestern United States via Dealers Auto Auction of Las Vegas. MAG’s partnership with DAA Las Vegas’ Dan Thomas and Russ Norrish adds a third physical auction location to the organization.

DAA Las Vegas is the only independent wholesale auto auction in the greater Las Vegas marketplace. The six-lane auction was founded by auction veterans Thomas and Norrish six years ago and is poised for growth. Both will remain with the company as DAA Las Vegas’ Vice President/Partner and Managing Partner, respectively.

“Russ and I started our careers in the auction industry 46 years ago,” said Thomas. “We were working for my father, who founded Golden Gate Auto Auction. Shortly afterward, we met Bob and have been personal friends and business associates ever since. It’s hard to believe that the three of us have 132 years of collective auction experience.”

Thomas and Norrish said they are eager to work with MAG on expanding the auction.

“After all these years in the business, we now have the chance to work together,” Norrish said. “I’m looking forward to this next chapter in my career – this is going to be fun!”

Bob McConkey, CEO and President of McConkey Auction Group, said he is excited about the potential of the Las Vegas market and looks forward to working alongside Thomas, Norrish and their team.

Advance estimates of U.S. retail and food services sales for July 2020 were $536.0 billion, an increase of 1.2 percent (± 0.5 percent) from the previous month, and 2.7 percent (± 0.7 percent) above July 2019.

The figures, from the U.S. Census Bureau,  were adjusted for seasonal variation and holiday and trading-day differences, but not for price changes.

Total sales for the May 2020 through July 2020 period were down 0.2 percent (± 0.5 percent) from the same period a year ago. The May 2020 to June 2020 percent change was revised from up 7.5 percent (± 0.5 percent) to up 8.4 percent (± 0.2 percent). Retail trade sales were up 0.8 percent (± 0.5 percent) from June 2020, and 5.8 percent (± 0.7 percent) above last year. Nonstore retailers were up 24.7 percent (± 1.4 percent) from July 2019, while food and beverage stores were up 11.1 percent (± 0.9 percent) from last year

Wolters Kluwer’s Lien Solutions business is hosting an informational webinar, Auto Repossessions Avalanche is Coming: Are You Ready? to share insights with lenders on managing their motor vehicle liens in preparation for higher loan defaults and car repossessions. This event will focus on how lenders can effectively mitigate these risks in the current economic environment and takes place from 1-1:45 p.m. CDT on Aug. 19.

As lenders assess the impact of COVID-19 to their lending portfolios, they expect a higher-than-expected volume of loan defaults and car repossessions. This trend is expected to continue for many months, presenting substantial risks to lenders who have not prepared across all jurisdictions in which they have loan interests.

Webinar participants include McGlinchey Stafford Attorney Mark S. Edelman, who provides guidance to banks, finance companies, and online lenders on regulatory compliance matters in the arena of consumer financial services; Rick Vanko, senior product manager for iLien Motor Vehicle in Wolters Kluwer’s Lien Solutions business who supports a portfolio of automated lien and risk management products; and Marina Hardy, marketing associate director for Wolters Kluwer Lien Solutions’ iLien Motor Vehicle business, who will also serve as a moderator for this event.

The 45-minute event will look at economic drivers of repossessions, jurisdictional guidelines on repossession restrictions, challenges of processing titles with departments of motor vehicles, and general considerations for lenders faced with properly interpreting federal, state, and local laws and regulations for auto repossessions and repossession titling in an evolving environment.

KAR Auction Services has hired automotive industry veteran Steve Jordan as Executive Vice President, KAR Global Dealer Sales. Jordan will join the company in September, after serving for seven years as CEO of the National Independent Automobile Dealers Association.

“Steve is a true industry leader who understands the full automotive ecosystem, from high-level market and economic trends to the day-to-day challenges of running a dealership,” said John Hammer, President of ADESA and Chief Commercial Officer for KAR. “His broad insight and experience will keep us closely connected to our dealers and help ensure we continue delivering the innovative products and services they need. Steve’s digital mindset and entrepreneurial spirit are a perfect match for our strategy and our culture, and we’re excited to have him on the team.”

Jordan will lead KAR’s U.S. and Canadian dealer sales organization and focus on advancing the company’s portfolio of dealer-facing buyer and seller products, services and solutions. This includes ADESA’s physical and digital dealer consignment offerings as well as TradeRev.

“I am very excited to join the KAR Global team at such a transformative time at the company and in our industry,” said Jordan. “KAR’s physical and digital marketplaces, data analytics capabilities and broad technology solutions are unmatched in the industry and desperately needed by dealers across North America.”

Prior to Jordan’s nine-year tenure at NIADA, he served as CEO & executive director of Florida Independent Auto Dealers Association. Prior to that, he served as managing partner at Byrider & CNAC and was a co-founder of this.com

 

Cox Automotive Mobility’s Pivet Atlanta facility, located between downtown Atlanta and Hartsfield-Jackson Atlanta International Airport, has completed one of the largest electric vehicle (EV) charging single-property installations in the southeast. Cox did the project with Georgia Power and EV charging network provider ChargePoint. The groundbreaking Smart Technology Project, which includes the installation of 20 Level 2 fleet chargers, six (6) fleet DC Fast Chargers and six (6) public DC Fast Chargers, fills a critical need for charging access in South Metro Atlanta, an area that has historically been an EV charging desert.

“The electric vehicle powertrain will be central in tomorrow’s ACES (Autonomous, Connected, Electric and Shared) future and the anticipated growth of high-utilization commercial fleets,” said Alex Fraser, AVP of Pivet, Cox Automotive Mobility. “Thanks to partners like Georgia Power, ChargePoint and the City of Atlanta, we’re building the infrastructure necessary to power the electrified fleet future, which has been a key focus area for our team since opening Pivet Atlanta last year.”

The turnkey design and build of the installation delivered by Georgia Power’s Utility Services is intended to primarily support fleet electrification, including but not limited to powering the Lyft Express Drive program currently operated out of Pivet Atlanta. The facility will also serve other fleets and OEMs in search of a charging solution on the city’s south side.

Pivet Atlanta will be able to monitor and collect detailed data on charging sessions and station usage, helping gain a more comprehensive view of the charging needs and requirements of the users. This will also help track the need for further growth.   

“Georgia Power and Cox Automotive share a common goal in helping customers realize the financial and environmental benefits of fleet vehicle electrification,” said Darren Epps, electric transportation manager, Georgia Power.

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