There has been some wholesale vehicle price normalization in the early stages of 2022, as values slowed again last week. According to the latest Market Insights report from Black Book, wholesale vehicle prices for the week ending Saturday were down 0.34%, following a 0.17% drop the prior week. During the 2017-2019 time frame, the average […] [Read More]

Ambient Automotive said Tuesday that its Carbly platform now includes Galves vehicle values market data. Carbly, which helps dealers make decisions on vehicle sourcing, valuation and inventory management, now includes pricing data from eight sources. Among those are Kelley Blue Book, J.D. Power, Manheim, Black Book, EDGE Pipeline, Galves and others. “With the volatility in […] [Read More]

ADESA said Tuesday it is launching a more comprehensive condition report designed to help dealers “buy with confidence.” The enhanced reports feature an upgraded photo gallery that includes a dedicated damages section, easier-to-find tire condition information and vehicle options, the company said in a news release. The top of the CR page will feature the […] [Read More]

With nearly a month of 2022 already in the books, we asked for observations from Black Book chief data science officer Alex Yurchenko and Laura Wehunt, who is vice president of automotive valuations at Black Book, for this episode of the Auto Remarketing Podcast. Yurchenko and Wehunt explained why the wholesale market has behaved like they expected. […] [Read More]

Extending a string of executive modifications, Dent Wizard International recently promoted Cory Lyda to vice president of operations through a move the company said was effective Jan. 1. In his new role, Dent Wizard highlighted Lyda will serve primarily as the field liaison for the corporation and oversee product-related initiatives. The company added that Lyda […] [Read More]

Electric vehicles took some time to gain steam in the new-car market, but once they did, sales took off like a rocket. Given the measured pace of new EV sales in the years prior to the acceleration in 2021, pre-owned EVs remain a “niche market,” due to the resulting low supply and other considerations, says […] [Read More]

IAA made another move on Wednesday to reinforce its European operations. The company announced that it has secured ground for the construction of a new full-service facility in Bristol, located in the southwest region of the United Kingdom. IAA said through a news release that the additional capacity resulting from the new location will help […] [Read More]

The National Auto Auction Association and KAR Global said in a joint statement Tuesday that KAR is licensing its “Privacy Pam” privacy and security training program for NAAA-member auctions to use. KAR uses the training program to help its near-10,000 employees protect the data and information of its customers — which include automakers, dealers, fleets, […] [Read More]

That headline you just read is part of the blunt assessment of the wholesale market Black Book gave as part of its newest installment of Market Insights released on Tuesday. That observation came even as analysts saw wholesale prices dip for the third week in row to start the year. [Read More]

When General Motors launches CarBravo later this year, the majority of the vehicles available on the omnichannel used-car sales platform will be inventory owned by its dealers. However, CarBravo will also include vehicles owned by General Motors and GM Financial, like off-rental and off-lease units. So, that begs the question: how would that impact the […] [Read More]