Black Book picked out a pair of trends from its newest Used Vehicle Retention Index that might impact how you shape your dealership inventory during the opening stages of 2020. Analysts on Monday released the December index reading, which came in at 113.3, representing a 0.7-point dip from November when it stood at 114.0. Black […] [Read More]

XLerate Group Auctions’ Charleston Auto Auction in Moncks Corner, S.C., has hired Nichole Brannon as executive sales director, noting that Brannon brings 13 years of auto remarketing industry expertise. Brannon was previously senior manager of client services for Manheim Darlington, overseeing the auction’s client-facing departments. “Her practical knowledge of auctions and affinity for customer service relationships […] [Read More]

ACV Auctions said Tuesday it has purchased vehicle accident inspection provider TrueFrame, a move that adds retail inspections to ACV’s offerings. TrueFrame is the provider of the True360 vehicle inspections, which aim to provide dealers and consumers more context when they’re buying used vehicles. These reports publish on CARFAX and AutoCheck vehicle history reports and […] [Read More]

During Used Car Week last month in Las Vegas, senior editor Joe Overby talks with Doug Hadden of ACV Auctions about his presentation on "The Digital Lane: More Opportunity in Less Time," his relatively new role with the company, the changing nature of wholesale automotive and more. To listen to this episode, click on the […] [Read More]

Evidently, dealers are not rushing to the lanes to acquire inventory like consumers are hurrying to retail stores and websites to purchase holiday gifts. Multiple Black Book representatives stationed at sales noticed lighter buying activity even as analysts spotted wholesale prices falling at rapid paces. Black Book executive vice president of operations Anil Goyal elaborated […] [Read More]

In winning the category of Best National Auction Performance as part of Chase Auto’s “Chase Cup for Auction Excellence” awards, Manheim Minneapolis stood out among other competitors with a balanced performance showcasing value in vehicle reconditioning, number of buyers, condition report accuracy and overall financial results. Manheim Minneapolis was one of nine auctions nationwide to […] [Read More]

On Friday, Cox Automotive released the latest reading of the Manheim Used Vehicle Value Index, and analysts emphasized one point after finalizing their wholesale market data. “Last year remains a tough comparison for prices as we came off a record in the Manheim Index because of abnormally strong consumer demand in the fall related to […] [Read More]

Andrew Christian likes Ready Logistics’ “Gung Ho! spirit.” Christian is executive director of the Marine Raider Foundation, which supports active duty and medically retired U.S. Marine Corps Special Operations Command Raiders and their families. The foundation also supports families of Raiders who have lost their lives serving the nation. Ready Logistics, a Cox Automotive brand, […] [Read More]

Black Book executive vice president of operations Anil Goyal got straight to the point in the latest edition of the Market Insights report distributed on Tuesday. Goyal said, “This November was the weakest month in two years as used-vehicle values reversed course and started to decline sharply after a strong start earlier in the year.” […] [Read More]

Black Book pinpointed three reasons why its Used Vehicle Retention Index for November dipped noticeably compared to the previous month. On Monday, analysts said their November index came in at 114.0, which represented a 1.4% decline from the October reading of 115.6. Black Book executive vice president of operations Anil Goyal explained what triggered the […] [Read More]