While the Black Book Used Vehicle Retention Index declined for the first time this year, the Manheim Used Vehicle Value Index dipped for the second month in a row, showing the unprecedented ascension of wholesale prices might have finally climaxed. Beginning with Black Book, analysts explained that as wholesale prices started to decline in July, […] [Read More]

In an increasingly digital remarketing world, what effect does a vehicle passing through an auction lane actually have? ADESA is aiming to find out. Auto Remarketing has confirmed that ADESA has begun conducting a small pilot return of running vehicles through auction lanes, largely to gauge the numbers-impact of running a car through a lane. […] [Read More]

For the newest installment of Market Insights that covered the week that ended on the last day of July, Black Book used a moniker that might be quite delighting to dealers and a potential signal to consignors for some strategy modification. Analysts arrived at their assertions after seeing that wholesale prices softened another 0.54% last […] [Read More]

CarLotz closed a busy July with its third announcement in connection with a major market hub. Having already shared details about hubs in Los Angeles, Las Vegas and Denver, the consignment-to-retail used-vehicle marketplace last week announced it will open a second hub in Texas to serve customers in the greater Dallas area. CarLotz said the […] [Read More]

Acquisitions aren’t just happening among dealerships. Auctions and other automotive service providers are in the mix, too, with the latest move involving the rarest of vehicles. On Thursday, Barrett-Jackson Holdings, the parent company of Barrett-Jackson Auction Co., announced the acquisition of the Phoenix-based Collector Car Network, including ClassicCars.com, AutoHunter, The ClassicCars.com Journal and the Future […] [Read More]

Enterprise Holdings is making quite a financial commitment to addressing social and racial equity gaps facing youth and families in communities across the globe. Through the Enterprise Holdings Foundation, the company that operates the Enterprise, National and Alamo rental car brands is awarding its inaugural local Enterprise Holdings ROAD Forward grants to nearly 700 nonprofit […] [Read More]

In a message to its members Thursday, the National Auto Auction Association said that Auto Auction of New England co-owner Bill DeLuca, Jr. died Wednesday.  DeLuca founded the Bank of New England and finance company Auto Use. He also owned the Bill DeLuca, Jr. Family of Dealerships.  Funeral arrangements and further information are forthcoming, NAAA’s […] [Read More]

ACV continues to grow beyond its beginnings as a digital dealer-to-dealer wholesale platform. Mike Pokora, who heads up research and development for ACV, joined the Auto Remarketing Podcast to discuss the company's expansion into other areas of tech, how its Audio Motor Profile technology utilizes machine learning, what pieces of the tech puzzle need to be solved […] [Read More]

Perhaps, it’s potentially the second-most encouraging development for dealers who are looking for inventory. [Read More]

Just like dealers might be walking away from the lanes because prices are too high, Tom Kontos has a theory that potential buyers might be doing the same thing on dealership lots for similar reasons. The KAR Global chief economist shared his theory in the newest Kontos Kommentary after examining the latest company data and […] [Read More]