Black Book reported on Tuesday that wholesale prices for both cars and trucks have now increased for nine consecutive weeks, which includes the stretch when values often peak then level off going into summertime. With overall prices climbing another 0.11% last week, Black Book also mentioned in its newest installment of Market Insights that the […] [Read More]

April was the strongest month for wholesale auction sales since the early days of COVID-19, driven by a surge in dealer sales not seen in over a year-and-a-half, according to the National Auto Auction Association. In its latest AuctionNet data and analysis, NAAA said there were 652,315 wholesale auction unit sales last month, which beats […] [Read More]

With the U.S. government’s stance on tariffs resembling a game of seesaw, yet with the net effect likely to push vehicle prices higher, automotive dealers who already understand the importance of mastering both inventory management and customer portfolio strategy will be a step ahead. The market is shifting fast, and those who can pivot quickly […] [Read More]

Another former Tesla executive has joined the leadership team at Plug. The company, which provides an online wholesale auction platform exclusively for electric vehicles, said Monday it has hired Lauren Van Dyke as its vice president of operations and partnerships. Van Dyke was most recently head of business operations for North America at Tesla, leading […] [Read More]

George Chamoun briefly touched on ACV Auctions’ “Project Viper” during the opening comments of the company’s first quarter earnings call , but he later expanded on the potential of the service product during the Q&A portion. “I never, ever in my entire career have had a product where I’ve had this much demand,” Chamoun, who is CEO of ACV, said Wednesday.  ACV has described Project Viper as ... [Read More]

Repairify has hired former OPENLANE executives Srisu Subrahmanyam and Keith Crerar as the company’s new CEO and chief transformation officer, respectively. Subrahmanyam, the new Repairify CEO, was most recently executive vice president of operations at OPENLANE, where he also was president of services and international markets. “As a longtime customer of asTech and BlueDriver, I’ve […] [Read More]

Brian Kramer said the dealership service drive “is like an oil reserve of valuable inventory.” During his keynote presentation at this spring’s Auto Intel Summit, now available in this episode of the Auto Remarketing Podcast, the executive vice president at Cars Commerce and general manager of AccuTrade shared recommendations for how managers can tap into […] [Read More]

In the wholesale car market, the “spring bounce” was more like the long jump this year. Driven by tariff-hurried demand, prices leapt, pushing the Manheim Used Vehicle Value Index to its highest level in 18 months, according to Cox Automotive. “The ‘spring bounce’ normally ends the second week of April, but this year, wholesale appreciation […] [Read More]

Fueled in part by tariffs, Black Book summarized April since its latest installment of Market Insights covered the week that included the last day of the month. As the calendar flipped, analysts watched wholesale prices rise another 0.24% as last week’s auction conversion rate came in at 61%. “The market continued to see week-over-week increases […] [Read More]

Click-Ins is partnering with Turn Automotive to bring its patented artificial intelligence-powered vehicle inspection platform to Turn’s digital wholesale marketplace for dealers and consumers. The collaboration will use Click-Ins’ technology to augment Turn’s appraisal process. “We went into the discussions with Click-Ins having tested nearly every solution in the market,” Turn Automotive founder Marc Steiner […] [Read More]