Softening car prices continued to be the talk among Black Book’s editors; so much that they dedicated much of this week’s Black Book Market Insights report to take a comparative look at how car segments have performed year-to-date in 2016 versus the same period last year. According to Black Book data and analysis, all car […] [Read More]

Copart, an online vehicle auction company with more than 150 locations throughout the U.S., has opened a site in Colorado Springs. The 20-acre venue, the company’s second in Colorado, will hold its first auction Wednesday featuring 430 vehicles. "We are excited to announce the opening of our second location in Colorado to help us accommodate […] [Read More]

ADESA’s recent footprint growth in the Sunshine State is now finalized. The business unit of KAR Auction Services announced on Tuesday that it has successfully completed the acquisition of Sanford Auto Dealers Exchange (SADE) in Sanford, Fla. This location expands the ADESA’s presence in the Florida market and joins four other ADESA auctions in the […] [Read More]

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]