KAR Auction Services chairman and chief executive officer Jim Hallett reiterated that it’s unlikely the company will close any more acquisitions before the end of the year even though he described the activity pipeline as “active.” Hallett expanded on the point during the company’s latest quarterly conference call by stating, “I can tell you that […] [Read More]

Amid a strong certified pre-owned and overall used-vehicle sales market, wholesale prices continued to climb in October, driven in part by strong pickup residuals. According to ADESA Analytical Services’ monthly analysis of wholesale vehicle prices by model class, auction prices were up 1.1 percent compared to September and 0.6 percent year-over-year. Vehicles at auction sold for […] [Read More]

Really, anywhere that Howard Segal has gone, there have been cars. His job as a youth at the gas station, pumping fuel at age 13. Following the footsteps of his older brother, the southern New Jersey native then became a mechanic in his late teens. That eventually led to the dealership world, auto finance and […] [Read More]

To borrow from “Sesame Street,” one of these things is not like the others. Surrounded by mostly trucks and larger vehicles, the model at the top of the heap of auction price strength in the third quarter was the Nissan LEAF, according to Kelley Blue Book. Its latest Blue Book Market Report indicates that KBB […] [Read More]

Wholesale prices were on the way up last month, and that marks the fifth month in a row auction prices have spiked. This increase brought the Manheim Used Vehicle Value Index up to 125.3, which is exactly where it started 2015, and up 2.9 percent from October of 2014, on a mix-, mileage- and seasonally adjusted […] [Read More]

Auction values dropped to a two-year low in the third quarter, but there were a few brands and segments bucking the trend and holding on their values well. Kelley Blue Book took a look at one brand, in particular, in its latest Blue Book Market Report — Subaru. For price retention, some Subaru models are tops […] [Read More]

As used supply expands, wholesale prices continue to slide. In fact, rates in the lanes hit a two-year low in the third quarter. That’s according to Kelley Blue Book’s Q3 Blue Book Market Report, which showed auction values for 1- to 3-year-old vehicles fell by an average of $850 or 4.3 percent in the third […] [Read More]

Car values declined at a normal seasonal pace last week, while pickup trucks continued to hold their value. But one segment that has been stable for most of the year is beginning to see prices drop a bit more in the lanes: SUVs. Anil Goyal, vice president of automotive valuation and analytics at Black Book, […] [Read More]

During an interview at last month’s NAAA Convention, Shane O’Dell outlined the process a buying dealer traditionally goes through to turn a wholesale purchase into a retail-ready car. After making the purchase, the dealer has to pick the car up or have it transported to his or her store. Then, it’s time for an inspection […] [Read More]

KAR Auction Services has hired former Hyundai Capital America executive Amy Bouck as executive sales director of ADESA. Bouck, who is a 2015 Women in Remarketing honoree, will manage several major national sales accounts, both at ADESA physical auctions and within the online space, the company said.  She will report to vice president of sales […] [Read More]