After loading up on cars during the first few weeks of 2020, dealers appear to be turning their inventory-management attention to trucks and SUVs. Data and anecdotes from representatives working the lanes contained in the newest Black Book Market Insights report offered more details as the spring market begins to show stronger indications of arrival. […] [Read More]

One of the consignors that uses Motley’s Richmond Auto Auction rewarded the operation for its wholesale performance with a high honor. C&F Finance Co. named Motley’s Richmond Auto Auction as its 2019 Auction of the Year Award recipient, highlighting the operation posted the highest combination of retention and volume among the 26 auctions in 20 […] [Read More]

IAA recently added to its board of directors in an effort to sharpen its strategy as the wholesale market navigates a “digital transformation.” Coming aboard the leadership group as of Feb. 5 was Gail Evans, chief digital officer of Mercer, a global consulting leader in advancing health, wealth and career, and a wholly owned subsidiary […] [Read More]

McConkey Auction Group president and chief executive officer Bob McConkey says his company is seeing more dealers in their 20s, 30s and 40s as of late. “We’ve also got a great team of young leaders emerging throughout our company,” McConkey said in a news release. He continued, “The Rock & Roll Sale’s 25th Anniversary will be […] [Read More]

We conclude the Auto Remarketing Podcasts from Used Car Week 2019 with a keynote presentation from KAR Global president Peter Kelly. The episode begins with a few opening words preceding the session, followed by Kelly's presentation on "The Future Is Today: What’s Next for Automotive Remarketing." To listen to this episode, click on the link available […] [Read More]

Global online vehicle auction company Copart has opened its fourth Indiana location. The new 25-acre location in Fort Wayne “has increased our capacity to store vehicles for our sellers and buyers,” Copart chief executive officer Jay Adair said in a news release. Copart Fort Wayne general manager Sheila Mason added, “We look forward to providing […] [Read More]

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]