One of the used-car industry’s top analysts has earned a promotion. Jonathan Banks of J.D. Power, who is among the many speakers lined up for next week’s Used Car Week conferences, is now the company’s vice president and general manager of vehicle valuations. Banks, whose background in the car business goes back to 1995, has […] [Read More]

Manheim has been expanding its mobile auction offerings across a wide swath of the country, with its growth moves dotting the map like the combined footprints of the ACC, Big Ten and SEC. The expansions in the mobile auction network, which span the Northeast, Midwest, Mid-Atlantic and Southeast, come amid demand from dealers and commercial consignors […] [Read More]

In some places, the coldest temperatures in months have been recorded recently. Some locations already are seeing snowflakes. And wholesale prices are cooling too, according to Black Book. Anil Goyal, executive vice president of operations for Black Book shared in the newest edition of Market Insights that, “Last week, used-car values experienced the highest depreciation […] [Read More]

It’s been great for 28 … years at Motley’s Richmond Auto Auction. The operation recently celebrated its 28th anniversary with a promotional event that offered more than 700 vehicles consigned and more than 70 percent sold. “This was another all-time record for the auction. We had more than 500 registered dealers in attendance for the […] [Read More]

The DS360 Guarantee from DealShield has been integrated with the EDGE AuctionOS platform from remarketing technology provider Auction Edge. This means that more than 100 independent auction partners of Auction Edge can now tap into the services of DealShield, which is a Cox Automotive brand providing wholesale inventory risk management. The first independent utilizing the […] [Read More]

No, that’s not a typo in the headline of this report. On Monday, Copart announced that it has opened its third location in Germany. The facility is located at Bruchmühlbach-Miesau, near Mannheim, Germany. Copart indicated the first vehicle auction at the new Mannheim location will be on Tuesday. “Our buyers’ appetite for vehicles in Germany […] [Read More]

RumbleOn, which has initially focused on motorcycles and other powersports vehicles, has had its eye on “adjacent markets.” Friday, it expanded into one of those: the automobile market. The company — which provides an ecommerce platform for dealers and consumers to buy, sell, trade and finance pre-owned vehicles — announced definitive agreements to purchase Wholesale, […] [Read More]

Used-car managers looking for high-line units now potentially have more options via DealersLink. On Wednesday, DealersLink announced it has launched Sixt Remarketing inventory within its marketplace. Sixt is adding more than 1,000 off-rental vehicles to the national dealer-to-dealer marketplace. And to help stores find just what they need to satisfy a customer request, Sixt’s nationwide […] [Read More]

Normal things you see in October are here: Children excited about Halloween around the corner, homecoming football games and leaves turning into a brilliant array of colors. And along with those things, even more good news for dealers: Wholesale prices are behaving typical for October, according to the latest edition of Market Insights from Black […] [Read More]

LeasePlan USA will have a new president and chief executive officer effective Jan. 1. According to an announcement posted this week, LeasePlan USA will be led by Matt Dyer, who previously has been the managing director for LeasePlan UK. The company highlighted Dyer brings with him more than 20 years of experience working for LeasePlan […] [Read More]