While also revisiting its outlook for the rest of 2019, J.D. Power Valuation Services looked back at the pair of challenges the used-vehicle industry encountered in January and the resulting impact on wholesale prices and more. According to the latest installment of Guidelines, the J.D. Power Valuation Services’ Seasonally Adjusted Used Vehicle Price Index declined […] [Read More]

While perhaps dealers might be seeing some instability at their stores, what they’re experiencing in the auction lanes appears to be the opposite based on what Black Book shared in its latest installment of the Market Insights report. Editors found that value decreases last week for both cars and trucks both landed within 5 basis […] [Read More]

In a move aimed at development, launch and delivery of products and services, ADESA named Kurt Madvig vice president of product development. Madvig joined parent company KAR Auction Services in 2001 as an auction general manager to establish and develop ADESA Long Island in New York.  Soon after the launch of the Long Island location, Madvig joined […] [Read More]

Auction accidents happen, especially when vehicles are driven through the lanes. To minimize the chances of vehicle accidents, ADESA has established what it calls VirtuaLane at 20 of its 75 physical auctions in the North America. A VirtuaLane sale has all the trappings of typical physical auction lanes: an auctioneer, ring men and dealers bidding […] [Read More]

In the finale of six panel discussions recorded at Used Car Week 2018, Bill Zadeits and Charlie Vogelheim moderate a session on the "Consignor's Perspective: The State of the Used-Car Industry." Panelists include Jason Alba of Ally, Chris Clarke of ARI Fleet, John Manchin of Subaru and Brooks Stewart of Bridgecrest, followed by closing words […] [Read More]

Manheim launched its Manheim Express app in 2018, helping dealers list and selling inventory from the palm of their hands. In 2019, the company launched what it describes as an “in-app buyer experience” that helps dealers purchase fresh, local inventory. The Virginia Auto Dealers Association took notice and decided to use the product to help […] [Read More]

As TPC Management Co. (TPC) rolled out details for the next installment of Auction Academy, an operation that has sent graduates through that continuing education program recently received a top industry accolade from United Auto Credit. Officials announced registration for Auction Academy Class 6 is now open as it's scheduled for May 16-18 in Nashville, Tenn. And showing how training […] [Read More]

Preparing for the Presidents Day weekend might have been a prelude to how this year’s spring market might behave. Black Book arrived at that assessment as part of this week’s Market Insights report that looked also at how spring is taking hold of the market with overall car retention coming in just slightly stronger than […] [Read More]

Columbus Fair Auto Auction has entered into a new relationship with American Honda Finance Corp. With a lane at Columbus dedicated to Honda and Acura, the relationship will kick off on Feb. 27 with 200 off-lease vehicles. In other auction news, Shelly Frank has joined Dealers Auto Auction of the Rockies & Dealers Auto Auction […] [Read More]

KAR Auction Services chief economist Tom Kontos applauded the strategy used by commercial consignors after reviewing January wholesale price information. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, wholesale used-vehicle prices in January averaged $10,761, representing a 1.3 percent rise compared to December but a 2.0-percent dip […] [Read More]