Though still up considerably from year-ago levels, wholesale vehicle prices in the first half of August were down slightly from the full month of July. That’s according to the mid-month reading of the Manheim Used Vehicle Value Index. Through 15 days of the month, the index was at 193.7. That’s up 18.3% from the midpoint […] [Read More]

The Midwest isn’t just a fertile field for agriculture. On Wednesday, IAA announced that it has broken ground on the construction of two new branches in Minnesota and Indiana. The company highlighted that IAA Minneapolis South will become the second in Minnesota and will provide significant inventory storage and updated facilities to serve the growing […] [Read More]

The wholesale market is proving to be one streaky environment this year. Following the unprecedented run-up in wholesale values, Black Book reported Tuesday that prices continue to trend downward, as they dipped for the seventh week in a row. Seven consecutive weeks also represent how long analysts have seen auction sales rates below 70%. During the […] [Read More]

Much like the retail side of the used-car market, digitization and new business models in the wholesale car business have increased the number of ways buyers can acquire inventory. Leaders with several of these “Emerging Marketplaces” in wholesale will be on hand for a panel discussion at the IARA Summer Roundtable in San Antonio. Moderated by […] [Read More]

The National Auto Auction Association launched its autoauctionjobs.com in 2019 with the notion of creating a one-stop, registry of technical schools and scholarship opportunities for young people interested in pursuing careers as service technicians. Then came 2020. And on its heels, COVID-19. NAAA continued working on the program and identifying technician apprenticeships throughout 2020, but […] [Read More]

Editor's Note: This is a special online preview, available only to CMG Premium subscribers, of Auto Remarketing's upcoming special print edition for the NAAA Convention. Harry Barber owned a building 40 years ago that his daughter, Jane, used as an indoor horse-riding arena. As Jane grew up and eventually stopped using the arena, Barber wondered […] [Read More]

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]