Manheim on Tuesday announced it is teaming up with Alliance Inspection Management to enhance its vehicle inspection capabilities at auction sites and dealerships throughout the U.S. More than ever, dealers are relying on inspection reports to aid the sales process and make buying decisions. Last year, Manheim conducted 3.5 million vehicle inspections, and the company […] [Read More]

The XLerate Group announced Monday afternoon that it has purchased the Grand Rapids Auto Auction. “With the addition of GRAA, XLerate continues to execute on its plan to grow our business and its service offering by acquiring quality independent sales.  GRAA is highly respected and will be a phenomenal complement to XLerate’s Greater Kalamazoo Auto […] [Read More]

While Black Book noticed that the 12-month annual depreciation shows the gap between cars and trucks is narrowing, the Manheim Used Vehicle Value Index made a slight upward turn in April after starting the year with three consecutive monthly declines.  Manheim determined that wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) […] [Read More]

Northern California auto dealers are meeting in a new, high-tech venue for weekly United Vehicle Auction events: the UVA Center at ADESA Brasher’s in Sacramento. In a news release announcing this week’s grand opening, John Brasher, general manager at ADESA Brasher’s, described it as a “high-octane event” that set a new standard for weekly auctions. […] [Read More]

TradeRev has crossed the pond. The company announced a new pilot program in the United Kingdom with the Arval UK division of Arval Group. The latter is an international specialist in full-service auto leasing.  “Arval is a widely recognized and respected global brand based in Europe, and our partnership with their UK team presents a […] [Read More]

Summer might not officially arrive for another six weeks, but Black Book identified a potential new trend that signals that the end of the spring market may be around the corner. According to this week’s Black Book Market Insights report released on Wednesday, analysts noticed that many car segments saw weakening retention, which is a […] [Read More]

Whether the cars were being sold online or in the auction lane, first-quarter volume climbed double digits for the ADESA auction business unit of KAR Auction Services. The auction chain lifted its overall volume by 17 percent year-over-year, with physical auction volume climbing 12 percent, according to earnings results released by the parent company. Meanwhile, online-only volume […] [Read More]

Children with life-threatening illnesses will see some of their wishes come true thanks to the generosity of Texas dealers who attended a gala hosted by Texas Lone Star Auto Auction. The fundraising sale, which featured vehicles from TLSAA’s local dealerships, raised nearly $16,000 for Make-A-Wish North Texas, which will use the money to help make […] [Read More]

DRIVIN, an online solution that aims to help dealers secure pre-owned cars at wholesale prices, teamed up with Experian Automotive on Tuesday to enable its dealer partners to utilize AutoCheck vehicle history reports. The company explained that dealers who work with DRIVIN to source and acquire inventory for their lot will have access to the […] [Read More]

About two years ago, Carfax launched Used Car Listings, the vehicle history report provider’s foray into showcasing dealership inventory directly to consumers. The company explained how the successes of that endeavor propelled Carfax into position to launch a vehicle value tool this spring. During a conversation with Auto Remarketing at the NADA Convention & Expo, […] [Read More]