Sporty cars and trucks were the only segments to withstand stronger downward pressure on wholesale prices at auctions. These two groups remained ahead for price retention, while most other car values experienced steeper declines. In fact, car prices fell by 0.76 percent or $94, which is the largest decline seen in 52 weeks, according to Black […] [Read More]

Enterprise Holdings plans to expand its offerings via two acquisitions it announced today. Operating primarily in the Brooklyn borough of New York, AllCar Rent-a-Car and the car-sharing service Carpingo, brands formerly owned by Citiwide Auto Leasing Inc., will be added to the Enterprise portfolio. Gil Cygler, Citiwide’s president, says he was drawn by Enterprise’s similar […] [Read More]

Though pickup prices have begun to weaken a bit as summer approaches, cars are still seeing prices dip at a much faster rate. Part of this trend is due to increasing inventory, which is allowing dealers to be choosier about the units they buy for their lots. “As buyers remain picky about units, car segments […] [Read More]

In an effort to ramp up its business outside of North America, KAR Auction Services announced this week that its subsidiary ADESA (UK) Limited acquired HBC Vehicle Services. Headquartered in Canvey Island, England, HBC specializes in salvage vehicle auctions and related services. “This acquisition is the start of our expansion into new global markets, and […] [Read More]

The ServNet Auction group recently highlighted the wave of summer-season sales its independent auctions plan to host in the coming months. “The summer promotions at ServNet are trend-setting events, and for years have defined the season,” said Patty Stanley, the group’s president. “They bring customers together from all parts of the country for good times […] [Read More]

Used vehicle deprecation in May accelerated at a quick pace after tax season came to a close, but price drops in the lanes are expected to slow this month. Last month saw depreciation ramp up to the fastest rate seen in more than six months. That’s according to the latest edition of Guidelines from NADA […] [Read More]

ADESA announced that it has made several enhancements to the ADESA.com website. “Our team is constantly evaluating our online offerings and communicating with our customers about their experience,” said Stéphane St-Hilaire, the company’s president and chief executive officer. “We utilize this feedback to continuously develop and implement creative solutions that streamline and enhance user experience […] [Read More]

Last week, auction price depreciation broadened across the board, continuing a downward trajectory that began in May after tax season came to a close and one that will likely continue through the summer. According to Black Book data, the average price of a used vehicle for models years 2009-2013 fell by 1.2 percent month-over-month in May. Import […] [Read More]

In Tuesday’s Auto Remarketing Today, we recapped Kelley Blue Book’s analysis on the used-car segments with the greatest movements (up or down) in auction prices during May. And now, we’ll show you which individual models saw their values change the most during the month.   The latest Blue Book Market Report breaks down the top 10 […] [Read More]

Though trucks had been defying depreciation trends seen in the car segments so far this spring, it looks like the pickups and SUVs joined their smaller counterparts last week. According to Black Book’s latest Market Insights Report, last week the lanes showed broader declines for the majority of the car segments, and even many of […] [Read More]