Well, perhaps you can call it a gift for used-car managers. At least wholesale values aren’t rising as much now as they did earlier this year. That’s the gist of the latest Market Insights from Black Book, which described the auction scene as dealers get ready for what some stores call the “13th month.” [Read More]

After being with Black Book for the past nine years, Jared Kalfus now is president of the company that provides vehicle pricing, data and analytics. Black Book made the announcement on Tuesday, elevating Kalfus to be president of the company, which includes Canadian Black Book, effective immediately. The announcement was made through a news release […] [Read More]

It may feel like everything you buy these days is 40% more expensive than it was a year ago.  With used vehicles, that’s actually the case if you’re a car dealer.  Similar to other industry indices, the J.D. Power Valuation Services Used Vehicle Price Index reached an all-time high in November.  The index, seasonally adjusted, […] [Read More]

The National Auto Auction Association is taking what has traditionally been its Spring Business Meeting and moving it to NADA Show 2022. The meeting — which has been renamed Total Access — will be held March 10-13 in Las Vegas during the NADA convention, NAAA said in an emailed message to its members on Wednesday. […] [Read More]

Another day, another wholesale vehicle value index reaches a third-straight record high. Same as the Black Book Used Vehicle Retention Index's record streak reported Monday, Cox Automotive said Tuesday that its Manheim Used Vehicle Value Index has now reached record highs for three straight months. [Read More]

Auctioneers and ringmen need reflexes the caliber of professional athletes nowadays, especially if a clean, low-mileage vehicle is crossing the block. Black Book recapped intensifying scenes now happening at auctions, as dealerships and yes, rental companies, vie for models that satisfy their respective customers. [Read More]

There has been a bit of “new” at the National Auto Auction Association in recent months. A new chief executive officer took office this summer, a new president this fall. And on Monday, NAAA released a new logo and tagline. The updated logo can be found in the above window, while the new tagline is “The […] [Read More]

America’s Auto Auction has named a new assistant general manager for its Virginia Beach, Va., location, hiring Derek Simmerman to the position at America’s Auto Auction Virginia. Simmerman has spent the last seven years in the independent auto auction community, where his background includes fleet/lease management, customer service and marketing. He came over to America’s […] [Read More]

AutoBuy provides a marketplace for dealers to buy used-car inventory sourced from consumers. Mark Maida, co-founder and chief executive of the company, joins the show to talk about the business model and how it's different than other car-buying models, the expansion of its footprint and more. To listen to the episode, click on the link available below, […] [Read More]

KAR Global chief economist Tom Kontos acknowledged during a recent Auto Remarketing Podcast that he and his analytical teammates are extra careful nowadays to make sure they’re seeing the latest wholesale value numbers correctly. The latest information shared through the Kontos Kommentary reinforced why company experts are making those concerted efforts. [Read More]