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]

As part of our collection of podcasts originating from Used Car Week 2019, Black Book executive vice president of operations Anil Goyal returned for another episode. Nick asked for a comparison of Black Book’s initial forecast for wholesale values to where they might land as 2019 closes as well as how the firm is involved […] [Read More]

Wholesale values spotted in the auction lanes during the past couple of weeks appear to be dropping faster than your eyelids after that delicious Thanksgiving meal the industry will soon enjoy. According to the latest Black Book Market Insights report, value softening is especially prevalent among cars. Analysts indicated their volume-weighted data showed overall car […] [Read More]

For just the third time this year, analysts at J.D. Power Valuation Services spotted a downward move of its monthly index. J.D. Power’s Used Vehicle Price Index dipped by 2.2% in October. The softening placed the index 1.8% below September of last year. When looking at volume, analysts shared in the November Used Car and […] [Read More]

ADESA announced this month that its VirtuaLane multisite capabilities have been fully integrated into the auction company’s Marketplace mobile app. What this means is that users of that app can now view and bid on any of the inventory at VirtuaLane multisite events from any of the 26 ADESA locations that hold such sales, the […] [Read More]