NADA Used Car Guide’s seasonally adjusted used-vehicle price index rose by 0.7 percent to 119.1 — the first increase since November. And while wholesale depreciation sped up in May as prices of used vehicles fell by 2 percent compared to April, May’s performance was better than expected and was an improvement over the 2.7 percent […] [Read More]

BMW Group Financial Services has teamed with Cox Automotive on a remarketing solution that allows all dealers to source BMW and MINI vehicles before they cross the auction block. Powered by RMS Automotive’s web-based vehicle portfolio management solution, BMWGroupDirect.com is now accessible to independent and non-BMW franchised dealers — not just BMW franchised dealers. The site […] [Read More]

Global online vehicle auction company Copart has acquired a location in Candia, N.H. "If you look at Copart's recent expansions and acquisitions, it's clear that we are experiencing significant growth," Copart's chief executive officer Jay Adair said in a news release. "Candia is a great location that will allow us to better serve Manchester and surrounding […] [Read More]

Wholesale vehicle prices climbed sequentially for the second straight month and posted a year-over-year gain for the first time in 2016. But don’t take that to mean those supply-driven expectations for downward sloping used prices are suddenly over, Tom Webb warns in commentary accompanying the latest Manheim Used Vehicle Value Index. “They do suggest, however, […] [Read More]

Quest Resource Holding Corp. has announced what it believes to be a safe, sustainable, turnkey solution to destroy millions of recalled Takata airbags. The company’s airbag recycling program, which is being offered to more than 12,000 dealership and automotive aftermarket client locations, is designed with two goals: to prevent recalled items from being sold in […] [Read More]

Wholesale price trends are starting to settle into a pattern Black Book is expecting. At least that’s the view of Anil Goyal, senior vice president of automotive valuation and analytics, when this week’s Black Book Market Insights report took a look at valuation activity from the first week of June. “Weekly depreciation rates are beginning […] [Read More]

The month of June has kicked off with our team moving full-speed ahead with planning and prep for this year’s Used Car Week, which will be held Nov. 14-18 at the Red Rock Resort in Las Vegas. Each year at Used Car Week, the unique market conditions within the used-car industry drive the content, as […] [Read More]

The average price of a used vehicle for model years 2010 through 2014 depreciated by 0.5 percent month-over-month in May, according to Black Book data. Cars saw slightly higher depreciation during that period at 1.0 percent, while trucks saw a 0.2-percent slide for the month. Subcompact cars saw the largest depreciation in May at 2.4 percent. […] [Read More]

AutoVIN, which provides audit, inventory verification and inspection resources, has started a national accounts division and installed an executive director. ADESA, of which AutoVIN is a subsidiary, announced that AutoVIN will have a new national accounts team. The company named Amy Weisenburger the executive director of the team. Weisenburger was previously the manager of business development […] [Read More]

Online vehicle auction company Copart has furthered its international reach, this time with the opening of its first location in the Republic of Ireland. This new location, just outside of Carlow in Castledermot, will serve as the base for Copart’s new Ireland auctions and is the latest expansion across Europe following the company’s entry into […] [Read More]