Black Book executive vice president of operations Anil Goyal suggested that dealers watch one particular vehicle segment closely as editors continued to see stability in the wholesale market. “The used-car market has remained relatively stable overall,” Goyal said in this week’s Black Book Market Insights report. “However, recognizing consistent weekly trends may keep you ahead […] [Read More]

Todd Briggs of Greater Erie Auto Auction took on his first role within the automotive industry driving cars for an auction house at the age of 20 in December of 1970, following a layoff from construction work for the winter. Some five decades later and after a long career, Briggs is taking time to travel. Briggs, a […] [Read More]

KAR Auction Services chief economist Tom Kontos pointed out two specific reasons why May wholesale prices registered only a “modest” move lower year-over-year. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, wholesale used-vehicle prices in May averaged $11,114. That figure was flat compared to April and down […] [Read More]

In addition to Columbus Fair Auto Auction's Chuck Dearing’s decision to enter semi-retirement, CFAA announced Thursday that it has appointed new directors of company operations and dealer sales. After 20 years with the company, CFAA general manager Chuck Dearing will take on a sales role requiring him to travel around the central Ohio area, according […] [Read More]

In this episode, Black Book's Anil Goyal shares the most important factors impacting wholesale vehicle prices this year as well as how representatives watching the lanes every week help to shape the company's forecasts. The full 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 […] [Read More]

Dealers Auto Auction Group continues to spread its reach throughout the Southeast. The company announced that it has purchased Tri-Cities Auto Auction in Bluff City, Tenn. A news release indicated the auction will be renamed Dealers Auto Auction of East Tennessee.  The facility operates with four lanes along with detail and mechanical departments and offers […] [Read More]

When it comes to tackling burdensome operational costs, the updated automotive auction management system from Xcira can help auctions access valuable streamlined, mobile operations at auction sites. Version 6.5 of Xcira’s Cubed AMS product has been integrated into Xcira’s Cubed Platform with added features such as new mobile interfaces, reports and an accounting module, the […] [Read More]

Alan Mulally, who was Ford Motor Co.’s president and chief executive officer from 2006 to 2014, will be a keynote speaker at the National Auto Auction Association’s annual convention in November, the trade group said Tuesday. Mulally’s keynote presentation will be during NAAA’s opening luncheon Nov. 14, and it will be followed by a moderated […] [Read More]

With the Fourth of July holiday within striking distance, Black Book is seeing typical depreciation patterns common for this time of year. Editors noted in this week’s Black Book Market Insights report that overall depreciation remained in check as prices for a handful of car and truck segments were unchanged or even increased a little. […] [Read More]

Used-car prices remain “stronger than expected” and have edged up from year-ago levels. But they could fall by nearly 6 percent over the next two years, according to the latest RVI Quarterly Risk Outlook report, which cited a plethora of inventory and incentives as the key drivers. As for the latest pricing activity, May’s real […] [Read More]