So much for the theory that rising wholesale volume would cause used-vehicle prices to soften — or even crash, as some doomsday observers feared. The Manheim Used Vehicle Value Index climbed to a new record high in May as analysts determined wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) rose 2.6 percent month-over-month. The […] [Read More]

Both Insurance Auto Auctions and Clark County Auto Auction celebrated grand openings on Wednesday. IAA, a business unit of KAR Auction Services, hosted the grand opening of IAA Portland West, its newest branch in Portland, Ore. The development marks IAA’s third facility in the state, with additional branches in Portland and Eugene. The company indicated […] [Read More]

Demonstrating what the companies say is the tremendous power of long-term collaboration, RMS Automotive and Mazda Motors UK this year are celebrating a decade-long partnership highlighted by innovation and performance-driven results. In that time, RMS Automotive has helped Mazda sell more than 14,500 vehicles and reach more than 75 percent of the Mazda Dealer Network […] [Read More]

Along with some other anecdotes about what’s happening in the lanes, the latest Black Book Market Insights report indicated the truck segment as a whole is remaining fairly stable. Editors found that three vehicle categories within the truck segment increased their values last week, including the sub-compact crossover, midsize crossover/SUV and full-size pickup. “Small cars […] [Read More]

J.D. Power Valuation Services (formerly NADA Used Car Guide) recently rolled out a white paper aimed at tackling two important questions when it comes to the impact off-rental has on the wholesale market. Analysts explained that the percentage of total new vehicle sales sold to rental companies — what is termed rental fleet penetration (RFP) […] [Read More]

Black Book’s Used Vehicle Retention Index for May dipped both on a sequential and year-over-year basis. With four car segments sustaining drops, the May index reading came in at 112.3, which was down by 0.7 percent from the April mark of 113.1. The May reading also represented a 5.6-percent decline versus the same month last […] [Read More]

Manheim announced that it recently installed indoor and outdoor LED lighting throughout its Manheim Orlando facility at 11801 West Colonial Drive, saving an estimated 951 tons of carbon per year — the equivalent of over two million miles driven by the average passenger vehicle. After replacing 7,452 bulbs and 1,311 fixtures, Manheim said the installation […] [Read More]

ADESA has made management changes at three of its 77 North American auction locations in Arizona, Tennessee and Florida. Rance Rudy has been named general manager of ADESA Phoenix, Jay Smith will now serve as general manager of ADESA Knoxville and Lisette Minton has been appointed general manager of ADESA Sarasota. “Rance brings to his […] [Read More]

Going into Memorial Day weekend, Black Book learned dealers weren’t overly eager to spend their floor plan funds as vehicle depreciation trends told editors “that summer is fast approaching.” According to the latest Black Book Market Insights report, editors found that car segments are picking up more weekly depreciation compared with trucks, “signaling that summer […] [Read More]

XLerate Group recently announced that it has brought on Tom Francois as the new general manager of the group’s Badger State Auto Auction in Fond du Lac, Wis. Francois succeeds Tim Netz, who is retiring after 18 years of service at the auction. “We are grateful to Tim Netz for his leadership, service and dedication to […] [Read More]