Black Book’s latest recap of bidding activity and price movement showed how aggressively dealers are getting in the lanes either in person or online. As certain units kept auction ringmen busy, the Black Book Market Insights report indicated 13 out of the total 22 vehicle segments saw an increase in average value. On the other […] [Read More]

Perhaps showing the roots of a prolonged trend, Black Book reported that its latest Used Vehicle Retention Index — calculated using the company’s published wholesale average value on two- to six-year-old used vehicles as percent of original typically equipped MSRP — stood at 113.0 at the end of March. The reading represented a 0.8-percent decrease […] [Read More]

TradeRev will no longer require monthly subscription fees from U.S. car dealers and its mobile app has been fitted with brand-new personalized “Title Concierge” and “My Account” tools that provide added transparency and organization, the tech startup announced on Wednesday. “We’re constantly listening to user feedback and evolving our technology to improve the buying and […] [Read More]

Insurance Auto Auctions has launched IAA Fast Search, a comprehensive tool offering more than 30 vehicle search and filter options, the company said Wednesday. The aim is for IAA Fast Search to complement the upgrades to IAA website’s Vehicle Details feature announced in late March. This continues a company-wide emphasis on using technology to upgrade […] [Read More]

This CarLotz location in Greensboro, N.C., sits in a pocket of Wendover Avenue nestled between car dealerships and an auto auction. Quite literally, it is adjacent to both retail and wholesale vehicle marketplaces. But metaphorically, the same could be said for the overall business concept of CarLotz itself.  The retail consumer can walk in to […] [Read More]

Perhaps with Passover and Easter at hand, the spring market truly is happening if the latest information contained in the latest Black Book Market Insights report is an indication. The report released on Tuesday showed the car segment as a whole increasing its value by 0.15 percent. Although the truck segment did not retain or […] [Read More]

Apparently used-vehicle price watchers came to Cox Automotive chief economist Tom Webb in great numbers with a good bit of confusion about reported trends so far this year. As a result, Webb spent a good portion of his final quarterly conference call this past Friday explaining why the Manheim Used Vehicle Value Index showed only modest […] [Read More]

During his last quarterly conference call on behalf of Cox Automotive, chief economist Tom Webb on Friday covered a wide range of used-vehicle topics, including an update on the Manheim Used Vehicle Value Index. Webb explained that wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) declined 0.5 percent in March, relative to February.  […] [Read More]

Copart on Friday launched the newest version of the Copart Mobile App, available for Apple iOS and Android devices. The Copart Mobile App is designed to give buyers the ability to attend Copart’s live auctions from anywhere. With this new update, Copart said buyers will enjoy a faster, easier user experience. “Each new iteration of […] [Read More]

America’s Auto Auction is growing again with its second major acquisition announcement so far this year. The company added two more auction locations:  West Michigan Auto Auction in Wayland, Mich., and Interstate 94 Vehicle Auction in Parma, Mich. Both facilities were sold to America’s Auto Auction by Carl Miskotten, who will stay on as general […] [Read More]