With gas prices low, and many consumers turning toward larger vehicles, the compact and subcompact segments suffered some pretty significant depreciation in 2015. But as we approach tax season, the early spring period is bringing with it a strengthening in values for many of these segments. According to the latest Black Book Market Insights report, […] [Read More]

Vehicles prices at auction fell a bit in January, but depreciation remains low — and analysts expect this trend to continue through the spring and tax season. And price retention is particularly strong in the full-size SUV segment, as gas prices remain unusually low. According to Black Book, the average price of a used-vehicle for […] [Read More]

The past four years of wholesale prices have been the most stable since the 1995 launch of the Manheim Used Vehicle Value Index, according to the company’s 2016 Used Car Market Report released Monday morning. But can we expect that stability to continue? Well, there will likely be compression in wholesale prices this year. “But […] [Read More]

Wholesale used-vehicle prices technically softened in January, marking only the second decline in the past eight months, to leave the Manheim Used Vehicle Value Index at 125.2 — virtually unchanged from a year ago. But Cox Automotive chief economist Tom Webb pointed out that a straight average of all auction sales in January showed wholesale […] [Read More]

Updates from Barret-Jackson this week show that the auction raised $3,406,000 for both local and national charitable organizations during its 45th Anniversary Auction held in Scottsdale, Ariz. at the end of January. The auction sold 11 charity vehicles during this year’s event, bringing the company’s overall charitable auction sales to date to a little over […] [Read More]

vAuto, whose parent company is Cox Automotive, is coming out with a new wholesale sourcing tool. The companies aim to launch the all-new Stockwave at the upcoming 2016 NADA Convention & Expo in Las Vegas. And the tool isn't just for stores who use vAuto — it is open to all dealers. Dale Pollak, the […] [Read More]

ADESA president and chief executive officer Stéphane St-Hilaire announced this week that Troy Peterson has been named general manager of the company’s upcoming ADESA Chicago location. In his new role, the company highlighted, Peterson will oversee all business operations at ADESA Chicago and lead business development in the nation’s third largest metropolitan area. Peterson will […] [Read More]

Kelley Blue Book senior analyst Alec Gutierrez said the fleet process leveraged by automakers “has really matured considerably” during the last three to five years. That development is all the more important since so many new vehicles are leaving franchised dealership lots as leased units nowadays. During a conference call on Tuesday, Gutierrez acknowledged, “There is […] [Read More]

Gas prices continue to plunge, and this trend is in part driving sustained wholesale price strength for trucks. The truck segments — pickups, in particular — performed extremely well as far as retention goes in the lanes last year, and the same trend is showing up in 2016. According to the latest Black Book Market […] [Read More]

MyDealerOnline finalized an exclusive partnership with Bendary Car Corp. out of New York on Monday, creating a new distribution agreement that will allow MyDealerOnline to expand to multiple international automotive markets. Under the agreement, officials explained, the partnership involving Bendary and MyDealerOnline focuses initially on the Middle Eastern and African markets with future expansion planned. […] [Read More]