With inventory options not so plentiful right now, dealers certainly want to know as much as possible about a used vehicle — especially one they’re buying exclusively online and do not have the opportunity to kick tires and sit behind the wheel before the hammer falls. In response to client feedback, Manheim is introducing an […] [Read More]

While it’s still noteworthy that wholesale prices continue to soften, what might be more interesting to consignors, dealers and other participants in the wholesale market are the specifics Black Book mentioned on Tuesday. Analysts shared through the newest installment of Market Insights not only how much vehicle prices decreased, but also some details about which […] [Read More]

Dealers Auto Auction Group’s first-ever facility in the Carolinas is set to host its inaugural sale next week. Dealers Auto Auction Columbia, the group’s eighth overall auction, will feature more than 300 vehicles in its debut sale Monday, including consignment from dealers and commercial accounts like ARI, Element Fleet and U-Haul. The auction, located in […] [Read More]

How many of you uttered (or heard) this phrase back when cars had more analog controls? “The volume knob must be broken.” That was also the cleverly worded headline of a summary slide in the second AutoIMS Industry View, a quarterly recap of data metrics gathered through the AutoIMS Sales Scorecard. And it certainly speaks to […] [Read More]

America’s Auto Auction recently presented its August Spotlight Award to Cheri Slaughter, the company’s fleet/lease specialist for the Houston market. The company highlighted Slaughter — who has been with the operation for 12 years — divides her time between America’s Houston and America’s North Houston operations. “Cheri is an invaluable member of the America’s team,” […] [Read More]

CarLotz is continuing to expand its hub network. After making three announcements in July, the consignment-to-retail used vehicle marketplace made a move during the first week of August, sharing on Thursday that it will continue expanding in the South and open its first hub in Louisiana. Located at 9550 Airline Highway in Baton Rouge, CarLotz […] [Read More]

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]