While circling back as to how current wholesale price levels might impact movements during the second half of the year, Cox Automotive chief economist Tom Webb acknowledged scores of vehicles currently are sitting at auction because they have an open recall and cannot be sold. The situation might become even more obvious depending on how […] [Read More]

Columbus Fair Auto Auction announced that it has created its own compliance department, citing the need to designate resources to safety, environmental and other important regulatory issues. “We’ve recognized the need for a centralized approach for our compliance efforts and feel that we are in turn being progressive for auctions of our size,” Greg Levi, […] [Read More]

The average price of a used vehicle for model years 2011-2015 fell by 1.7 percent during June, following 0.5 percent depreciation in May — typical of seasonal patterns, according to Black Book. Cars in June saw noticeably higher depreciation (2.2 percent) than trucks, which saw 1.3-percent depreciation for the month. All vehicles are averaging a […] [Read More]

After rising every month in the second quarter, Manheim said on Friday that wholesale prices are now at their highest level in more than four years. Wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased for the third consecutive month in June, resulting in a Manheim Index reading of 126.2. Manheim […] [Read More]

MetroGistics, a provider of automotive logistics services, has hired Terrance Evans to be director of business development.  Evans brings more than five years of experience in a variety of industries, including manufacturing and automotive logistics. His employment history includes working as a sales representative for Pleasant Prairie Logistics in the finished-vehicle-logistics spectrum. Evans was also the […] [Read More]

What Black Book representatives heard dealers say in the lanes going into the Fourth of July holiday reinforced the latest data editors uncovered. The midsummer holiday version of the Black Book Market Insights report showed how smaller and midsize car segments are continuing to lead with some of the largest depreciation rates seen in a […] [Read More]

Since 1988, I have enjoyed working with the operating side of auction software systems. I recall the time when Bob Bruno, then a key factor in Manheim’s tech team, worked with me at what was then Manheim Phoenix to integrate the first handheld check-in device in the industry. Let’s all keep in mind, folks, that […] [Read More]

ADESA Indianapolis recently hosted two charity events that together raised more than $34,000 for the Juvenile Diabetes Research Foundation, an advocacy group for people with Type 1 diabetes. “This is a cause that is close to my heart,” said ADESA Indianapolis general manager Dave Emerson, a past corporate chairman of the local Indianapolis Walk to Cure […] [Read More]

Auction Management Solutions — the newly organized consulting firm formed by Tom Stewart and Richard Curtis to provide consulting services to the automotive industry that include independent auto auctions, service providers and vendors — announced on Tuesday that it has partnered with Dealers Auto Auction Group. Dealers Auto Auction Group owner David Andrews said, “We […] [Read More]

An increase in used-vehicle supply coupled with heightened incentive activity will push used-car prices down by 5.2 percent below current levels by 2019, according to RVI Group’s recently released Risk Outlook report. RVI predicts that leasing will increase through 2018, putting a growing supply of used vehicles into the market through 2020. According to Polk […] [Read More]