February wholesale prices didn’t hold up quite as much as the analyst team at J.D. Power Valuation Services expected. But the group thinks March performance will fall in line with what the firm typically has seen during the third month of a year. According to the latest installment of Guidelines, March wholesale prices for vehicles […] [Read More]

We conclude our series from the Conference of Automotive Remarketing in Las Vegas with Bill's interview of Ron Hope, the president and chief executive officer of CARS Recon. Their discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest episode in the window below. All […] [Read More]

In many ways, the spin-off of Insurance Auto Auctions that KAR Auction Services is pursuing comes down to simplifying things. That is, for both investors and the entities themselves. KAR made the announcement in late February, explaining that the proposed tax-free spin-off is designed to “increase shareholder value and focus each company’s strategic priorities on […] [Read More]

As you know if you’ve filled out a bracket for the NCAA tournament, basketball teams such as Villanova, Duke and Kentucky will need six victories in a row to claim a national championship. Or a similar streak that Black Book has seen involving wholesale prices of cars versus trucks. The latest Black Book Market Insights […] [Read More]

Manheim announced Wednesday that this summer, it is launching a new and free 24/7 option within the Manheim Marketplace — Manheim Express. The mobile application for dealers provides a fast and easy way to list and sell inventory directly from lots or in-lane. In addition to the new ManheimExpress.com, the Manheim Marketplace, which experienced 58 million […] [Read More]

The NAAA Platinum series launched by Auto Remarketing this month is a collection of stories, podcasts and special sections that revolve around National Auto Auction Association, its partners, members, history and beyond.  The latest installment in that series is a podcast featuring one of the auto auction industry's major partners: AutoIMS.  The company is celebrating its […] [Read More]

SGS recently previewed its new self-inspection mobile application — INSPEC — at the Conference of Automotive Remarketing (CAR) in Las Vegas. The INSPEC app allows the capture of specific data, such as mileage and vehicle modifications ahead of vehicle turn-in and is now being offered as a pilot, hybrid or standalone solution. When a vehicle […] [Read More]

Another major wholesale market index is showing consistency through the first two months of 2018. While the Manheim Used Vehicle Value Index remained unchanged from January to February, the Black Book Used Vehicle Retention Index edged only slightly higher year-over-year. Black Book released its index on Thursday and reported just a slight uptick to 113.3 […] [Read More]

Manheim announced Thursday that its five-year, $10 million-plus investment in four Arizona businesses this year has already brought several enhancements to its physical auction and digital channels in the region. Altogether, Manheim operations in Arizona have touched a combined 8.9 million vehicles annually and cover more than 230 acres. Manheim said the significant investment the […] [Read More]

The Manheim Used Vehicle Value Index certainly is consistent to begin 2018. According to Cox Automotive chief economist Jonathan Smoke, the index reading for February landed exactly where it did in January — 131.0. While the reading showed wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) remained flat month-over-month, the February figure […] [Read More]