Only twice since 1997 has the analyst team at J.D. Power Valuation Services seen February wholesale prices move this way. According to the latest Guidelines report and in a reversal of what typically occurs in February, J.D. Power indicated wholesale prices of used vehicles up to 8 years old fell “substantially” last month, dropping 1.6 […] [Read More]

According to the latest Guidelines report from J.D. Power Valuation Services, auction sales volume of models up to 8 years old rose just 1 percent over the four-week period ending Feb. 27 compared to the previous four-week period. The volume rise included 379,700 units. Analysts determined volume for the cohort was also essentially unchanged from […] [Read More]

The National Auto Auction Association shared the announcement about the passing of Ray Clanton, part of the brother tandem that took the lead in running the auction founded by their father and now known as Manheim Darlington. Clanton died on March 15 in Darlington, S.C. He was 89. Clanton’s Auto Auction began as Dealers Motor […] [Read More]

JMN Logistics and Transportation announced on Tuesday that it has selected a new recruiter for its corporate location in St. Louis. Chosen for the position is Clint Youngerman, who comes to JMN with more than 22 years of experience with the U.S. Army, 13 of which was spent recruiting, according to JMN. In his new role, Youngerman […] [Read More]

Contining a string of company developments that include a new president and chief executive officer as well as a new regional sales VP, LeasePlan USA now is bringing new enhancements to ePlan, the online fleet management tool that can help companies gain more control over their fleets. With a streamlined new interface, featuring an easy-to-use wizard […] [Read More]

Manheim Pennsylvania is hosting its largest and most extensive Xtreme Spring sales event for specialty consignment on Thursday and Friday. Officials said the sale will feature seven vehicle types across eight sales lanes, including modern muscle, rare classics, Corvettes and motorcycles as well as cars priced $75,000, $100,000 and $200,000. “If dealers haven’t attended the […] [Read More]

This week, KAR Auction Services announced that Sriram “Srisu” Subrahmanyam has joined the company as senior vice president of business transformation. The company noted Subrahmanyam brings more than 20 years of executive operations and consulting experience to the role, including leadership positions across multiple Fortune 1000 companies and industries such as aviation, technology, logistics and […] [Read More]

Used-car managers looking for luxury cars might be finding deals in the lanes, according to the latest Black Book Market Insights Report. Black Book senior vice president of automotive valuation and analytics Anil Goyal said, “Luxury brand cars have shown higher drops in value on a percentage basis in the recent weeks in comparison to […] [Read More]

On Monday, Black Book announced another regular analysis offering covering the wholesale market — the Black Book Used Vehicle Retention Index — saying this product is designed to offer an “unbiased, accurate” view of the strength of today’s used wholesale market values. Editors explained the Black Book Used Vehicle Retention Index is calculated using Black […] [Read More]

The XLerate Group has purchased Corry Auto Dealers Exchange, the auction group announced Friday. This marks XLerate’s first foray into Pennsylvania and brings its auction brand count to 10. The group now has auction sales in California, Florida, Michigan, Pennsylvania, South Carolina, Texas and Wisconsin. “CADE is the latest step in XLerate’s plan to grow our […] [Read More]