While it still might be a mixed bag for some dealerships on the retail front as we approach the midpoint of February, Black Book already is seeing managers pad their inventories to be ready when customer activities warm up like the thermometer reading. According to the latest installment of the Black Book Market Insights report, […] [Read More]

It has been about 15 years since Lisa Price joined ADESA as corporate counsel, and as she now takes on the role as the first-ever chief people officer for its parent company, the world of automotive wholesale looks different. And so does what is now known as KAR Global, one of the biggest players in […] [Read More]

The Manheim Used Vehicle Value Index established a new record to begin 2020. Cox Automotive reported that wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 0.39% month-over-month in January. That movement pushed the index to a new record high of 141.6, representing a 4.6% jump from a year earlier. Following a normalizing […] [Read More]

Black Book watched its Used Vehicle Retention Index start 2020 with an upward move. Analysts reported this week that their index reading for January came in at 114.5, representing a rise of 1.2 points from the December mark of 113.3. In news release, Black Book executive vice president operations Anil Goyal explained why the firm’s […] [Read More]

ReconVelocity has made its second purchase since its 2019 launch, announcing Thursday it has acquired Recon Ninjas, a competitor in the vehicle reconditioning space. The combination of the two companies will result in what ReconVelocity calls, “the largest provider of integrated vehicle management and reconditioning software solutions exclusively focused on the automotive industry.” This move […] [Read More]

We continue with our podcasts from Used Car Week, and this time, it's a one-on-one interview. Senior editor Joe Overby talks with John Robertson, executive vice president of ShipYourCarNow, about the origins of his company and its pivot to B2B, the driver shortage in auto transport and more. To listen to this episode, click on the […] [Read More]

After lane activity seemed to be accelerating quickly toward spring-market conditions, Black Book noticed auction atmospheres throttled back down a bit, according to the latest installment of its Market Insights report. The value trends analysts discovered — coupled with anecdotes from representatives in the field — prompted Black Book executive vice president of operations Anil Goyal […] [Read More]

Perhaps you, too, finished 2019 a bit tired; the culmination of a year filled with automotive activities that left you feeling fatigued. Well, KAR Global chief economist Tom Kontos explained how the wholesale market might have sustained “fatigue” by the time this past year ended, as well. According to KAR Global Analytical Services’ monthly analysis […] [Read More]

Missouri Auto Auction has added a second generation of ownership with the announcement that Cody Boswell and Candice Boswell-Bray are now a part of the ownership team. Boswell and Boswell-Bray are the son and daughter of Gregg and Dagmar Boswell. Gregg Boswell founded Missouri Auto Auction in 2000. Gregg Boswell founded the auction while maintaining ownership […] [Read More]

With the IRS beginning to accept tax returns this week, no doubt dealers are eager to have potential vehicle buyers arrive at their stores with refunds in hand to make down payments. And stemming from what Black Book is seeing in the lanes, dealers also are looking to acquire the inventory that will satisfy those […] [Read More]