The battle between supply and demand is nothing new to dealers — and as we head further into the forecasted growth in used-vehicle supply, wholesale price softening is to be expected. The latter is the message from ADESA Analytical Services’ executive vice president and chief economist Tom Kontos in the December edition of Kontos Kommentary, […] [Read More]

The past four years have been the “longest stretch of wholesale price stability” in the two-decade history of the Manheim Used Vehicle Value Index, Cox Automotive chief economist Tom Webb said in his quarterly conference call Friday morning. “And that’s a good thing, because precious few in this industry benefit from volatility in used-vehicle pricing,” […] [Read More]

Used prices were falling in December, and with an influx of off-lease vehicles expected to hit the lanes this year, declines as 2015 wrapped up were just the beginning. And with new auto sales reaching record levels for 2015 — almost 17.5 million — it seems growing used supply with continue to spur depreciation in […] [Read More]

Happy New Year, everyone. Before I speak to simulcast, I would like to take this opportunity to thank Bill Zadeits and his fabulous staff for an incredible and informative NRC 2015 and my panel members at the Executive Session, that each year step out of the box to address current items that are central to […] [Read More]

KAR Auction Services closed out 2015 on a philanthropic note, announcing toward the end of December that it had raised $173,228 for the United Way of Central Indiana. Following two weeks of fundraising, the campaign involved employees partaking in various activities to raise awareness about United Way’s endeavors. The events included a trivia contest, a […] [Read More]

During the last week of December, auction prices were on the way down, but activity in the lanes held up well amidst the holidays. According to the latest Black Book Market Insights report, although all segments depreciated as 2015 came to a close, Black Book editors said auction personnel noticed overall prices stayed relatively strong […] [Read More]

Though used-vehicle supply growth is expected to lead to a softening of residual values in the coming years, pre-owned prices were still on the way up as 2015 came to a close. According to the latest RVI Risk Outlook newsletter, used-vehicle prices, after being adjusted for MSRP, showed an increase of 1.9 percent in November […] [Read More]

The Juvenile Diabetes Research Foundation, a global organization focused on Type 1 diabetes research, received a healthy donation from ADESA and Emkay toward the end of December. ADESA announced in late December that it, in partnership with Emkay, raised $50,660 in support of JDRF, bringing the partnership’s total contribution tally for the last four years […] [Read More]

In December, Element Fleet Management announced its 17th annual Remarketing by Element Awards in Chicago, honoring a few handfuls of auctions and a top-ranking female leader in the remarketing business. Earning top honors as Auction of the Year was Manheim Kansas City. “Remarketing by Element appreciates all of our partner auctions and commend those that are […] [Read More]

The answer to the above question? That’s simple: We truly don’t have a selling fee because that is not the auction industry’s true role in the consignor-auction-buyer dynamic.  Our true role is to market used vehicles into the buying niches that absorb that type of product, but “selling it” is the consignors role based on […] [Read More]