Fleet management company Donlen has named a new director of remarketing. Hired for the position is Larry Knapp, whose background includes time with BMW Financial, UB Vehicle Leasing, Hertz and Mercedes-Benz Financial and Black Book. “We have a real opportunity to reshape the lifecycle of the vehicle by creating additional channels for customers to sell […] [Read More]

And then after 23 consecutive weeks, wholesale prices finally dipped ever so slightly. On Tuesday, Black Book spotted the first value decrease since January during the week that closed on Saturday as the United States prepared to celebrate the Fourth of July on the following day. [Read More]

It might be hard to begrudge Hertz Global Holdings executives and new board members if they shot off some fireworks ahead of the Fourth of July holiday. This week, Hertz announced that it has successfully completed its Chapter 11 restructuring process and has emerged as a “financially and operationally stronger company that is well-positioned for […] [Read More]

It’s hard to argue with the statement McConkey Auction Group chief executive officer Bob McConkey made Wednesday when announcing details for DAA Northwest’s Rock & Roll Sale. “After the year we’ve all been through, we are ready for a party,” McConkey said in a news release, announcing the headlining musical act for the auction’s signature […] [Read More]

As the second quarter closes, Black Book is seeing more evidence that the steady — and unprecedented — climb in wholesale prices is running out of momentum with the Fourth of July holiday straight ahead. [Read More]

The number of vehicles entering the auction market these days is down significantly, and in its Used Market Update released Thursday, J.D. Power explains why. There were approximately … [Read More]

Tom Kontos’ “parity” projections for the wholesale market are coming to fruition. The KAR Global chief economist explained his thinking in the latest Kontos Kommentary that showed how average wholesale prices surged past $15,000 in May after passing the $14,000 for the first time ever just a month earlier. [Read More]

For 54 consecutive weeks, there was neither a car nor a car dealer that passed through the lanes of McConkey Auction Group’s DAA Seattle or DAA Northwest locations in Washington state — which was the “initial epicenter” of the COVID-19 pandemic in the U.S. But after closing completely for two months and re-opening in the […] [Read More]

It appears that used-vehicle prices have finally peaked. But don’t expect them to come down too much — the year is likely to end with prices still near record highs. [Read More]

Delayed for about a year because of the pandemic, Hertz’s effort to help the Jack & Jill Late Stage Cancer Foundation (JAJF) came to fruition. On Friday, Hertz announced that the donation of its 2020 Hertz-Hendrick Motorsports Camaro ZL1 has raised $250,000 for JAJF. Hertz donated the No. 1 production model of only 24 limited-edition […] [Read More]