Exeter Finance recently announced its 2024 Auction eXcellence Awards, honoring seven operations. The recipients included: Division I: United Auto Exchange Division II: Oklahoma Auto Exchange Division III: ADESA Salt Lake Exeter Most Improved (EMI):  All Valley Dealer Auto Auction Play of the Year: EBlock Houston Continued eXcellence: Carolina Auto Auction MVP: America’s St. Louis “It […] [Read More]

Dealers looking to acquire later-model used vehicles in February were finding them in a rather traditional channel: the auto auction. But the source is not the consignor segment that might first come to mind when discussing this age group. According to the latest AuctionNet data from the National Auto Auction Association, overall wholesale auction sales […] [Read More]

Ship.Cars is ramping up security. The software provider for car hauling companies has introduced new security measures that aim to protect carriers from the threat of fraud in auto transportation, including password requirements, mandatory two-factor authentication, proprietary fraud detection tools and continuous carrier USDOT authority monitoring. The company also unveiled plans to develop a new […] [Read More]

Most Americans sprung forward on Sunday, turning their clocks ahead an hour as spring gets officially closer. Meanwhile, current wholesale market conditions are showing the arrival time of the spring market might already be here. Black Book reported on Tuesday that overall wholesale prices ticked up 0.03%, with the auction conversion rate rising again to […] [Read More]

Repossession volume in the wholesale vehicle market climbed the last three years and reached pre-pandemic levels in 2024, according to January data from Cox Automotive. After hitting 1.7 million units in 2024, annual repo volume at auction is likely to remain at that level through 2029, Cox predicts. Amid these sustained heights of repo volume making their way to wholesale channels comes an important reminder: the process a vehicle undertakes through recovery is “complicated and full of friction, with many business verticals playing roles in the same space, grinding gears.” ... [Read More]

Pick a recent list that recaps positive attributes about brands and vehicles, and you’ll likely find Toyota, Tesla and Honda at or near the top of those highlights. Now you can add Black Book’s first Brand Value Index (BVI) of 2025 to those evaluations. Toyota led the way followed by Tesla and Honda in the […] [Read More]

Greater Rockford Auto Auction’s 51st birthday party will be a big one. The independent auto auction in Rockford, Ill., will celebrate with a two-day GRAA’lapalooza Anniversary Sale, set for June 24-25. The event will feature a concert by American alternative rock band Gin Blossoms, whose 1992 major label debut album, New Miserable Experience, produced the […] [Read More]

As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. Next up on our series of podcasts with these first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program […] [Read More]

“In like a lion, out like a lamb” is supposed to describe March, or at least its weather. But in the wholesale vehicle market, that saying applied to February. Whether from literal winter storms or figurative economic/political ones, the month began with some used-car price “volatility” that smoothed out as February ended. And at the […] [Read More]

March started on Saturday; the last day of the week included in the newest Black Book analysis of the wholesale market. And that stretch generated the highest conversion rate seen at the auction so far this year, as Black Book pegged it at 62%, marking an increase of 4 percentage points from the previous week. […] [Read More]