RunBuggy made an award-winning addition to its board of advisors on Wednesday. Announced through a post on LinkedIn, the auto logistics platform welcomed John Messiha in an advisory capacity. Messiha is head of loss mitigation at Bridgecrest and was the recipient of the Loss Mitigation Executive of the Year Award at Used Car Week 2024. […] [Read More]

Going counter to the recent trajectory seen by Black Book, Cox Automotive is watching wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) moving higher. That’s at least looking at the first 15 days of June compared to May. Analysts reported on Wednesday that the mid-month Manheim Used Vehicle Value Index rose 1.7% […] [Read More]

Along with highlighting a continued decrease in wholesale prices and a sagging auction conversion rate, Black Book’s newest Market Insights released on Tuesday pinpointed six specific vehicle segments that made the most significant value moves in the lanes last week. Overall, Black Book reported wholesale prices declined 0.47%. And analysts said bidding activity also slowed […] [Read More]

Fast-growing America’s Group is adding to its leadership team with two new vice presidents. The parent company of America’s Auto Auction and AXLE Funding has promoted Melissa Miller to vice president of marketing and Summer Ernsberger to vice president of customer experience, moves the company said reflect its “ongoing commitment to recognizing talent and advancing […] [Read More]

After the strongest month in nearly five years, wholesale auction sales were “substantially more muted” in May, but still up more than 3% from a year ago. And though down double-digits from pre-COVID level, year-to-date sales are performing favorably compared to 2024. That’s according to the latest AuctionNet data and commentary from the National Auto […] [Read More]

To a casual observer, Manheim Detroit seems a bit chaotic. People scurrying between moving cars. People peering into and under the hoods of cars. Cars lined up as far as the eye can see. Manheim Detroit is part of the Manheim auction chain and what looks like chaos to the untrained eye in reality is one part of a vehicle-selling powerhouse ... [Read More]

Maybe things can really settle down in the wholesale market. The day after Black Book shared its newest installment of Market Insights, President Trump said on Wednesday via social media, “Our deal with China is done, subject to final approval with President Xi and me.” Perhaps the auction world also sensed an agreement involving tariffs […] [Read More]

The wholesale car market isn’t done dealing with tariffs, but it appears some of the sharpest impacts have passed. Analyses of monthly used-car price indices addressed those patterns and impacts, while also forecasting what could be in store for wholesale values over the summer. Cox Automotive’s Manheim Used Vehicle Value Index came in at 205.2 […] [Read More]

Turn Automotive has unveiled its newest tool in its mission to improve vehicle appraisals. The digital wholesale marketplace announced the launch of TurnVision, a feature in its mobile app that uses artificial intelligence to detect vehicle damage, which it calls “a significant leap forward for automotive appraisals.” The tool was developed in collaboration with AI-powered […] [Read More]

Perhaps the tariff turmoil has worked itself out of the wholesale market, at least for now. Black Book said overall wholesale prices dropping by 0.25% last week “marked a significant milestone as depreciation returned to a level typical for this time of year.” Analysts pointed out in the newest installment of Market Insights that the […] [Read More]