We live in the age of data. Every day, people create at least 2.5 quintillion bytes of data  and we’ve generated 90 percent of the world’s data since 2016, according to this Forbes piece from May. While these statistics may seem startling, they underscore a new reality: An incredible amount of data exists with insights hiding […] [Read More]

This week, automotive logistics provider ACERTUS announced three key personnel moves to bolster its leadership team, leveraging a trio of executives who possess vast industry experience. Moving into leadership roles with the company are: • Jason Caporrino as chief operating officer • Michael Malakhov as executive vice president of sales and marketing • Lainey Strohmeyer […] [Read More]

KAR Auction Services chief economist Tom Kontos didn’t need an elaborate explanation to describe movements associated with the October wholesale price data he and his team assembled. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale prices in October averaged $11,059. That’s 0.7 percent higher compared to September […] [Read More]

For the second time this month, KAR Auction Services has announced plans for a major purchase. And this time, it’s an international move that gives KAR an “anchor” in Continental Europe’s wholesale market and beyond. KAR said Wednesday morning it has reached a definitive agreement to buy CarsOnTheWeb, a digital wholesale auction platform out of Belgium, […] [Read More]

Consumers might have been elbowing each other for bargains this past week, but it appears dealers were not behaving similarly as auctions held their sales around Thanksgiving. As a result, Black Book’s newest Market Insights Report showed that prices for both cars and trucks didn’t soften as much last week as they had during the […] [Read More]

Cox Automotive has named a chief sales officer. Hired to the position is Sid Nair, who joins the company from DXC Technology, an IT services company. Nair will report to Cox Automotive president Sandy Schwartz and will head up the company’s U.S. sales operation and marketing functions, which includes nearly 2,500 employees. His direct reports […] [Read More]

The used-car market is now hitting “normal depreciation patterns” that should amplify in 2019, according to a recent analysis from Black Book. Used vehicles from model years 2013 through 2017 saw their average prices dip 1.9 percent in October, the biggest decrease since January, the company said.   There was a 2.4-percent decrease in car […] [Read More]

Late-model auction volume for full-year 2018, consisting of vehicles up to 5 years in age, still appears poised to beat year-ago figures by an estimated 6 percent to 6.5 percent. That’s according to J.D. Power Valuation Services, which included an auction volume forecast in its latest edition of Guidelines released Tuesday. Through 10 months of […] [Read More]

As October wholesale-price shifts fell in line with movements witnessed during the past five years, J.D. Power Valuation Services is expecting November readings to edge slightly lower. And with the end of the year in sight, analysts also touched on where wholesale prices could land by the time 2018 closes. Included in the latest installment […] [Read More]

Two kinds of vehicles that might turn the quickest on your lots might have become a little more affordable at the sale you frequent. The latest Market Insights Report from Black Book noted a pair of vehicle segments sustained the largest price drops of 2018. Here’s how Anil Goyal, executive vice president operations for Black […] [Read More]