While Volkswagen’s TDI models carry a higher initial price tag and historically tend to hold their values longer than their gasoline-powered counterparts, it appears as though that price gap is closing as the seemingly perpetual flow of news involving the company’s diesel emissions scandal continues to circulate. That certainly appears to be what's happening in the […] [Read More]

Leaves might be starting to fall as autumn deepens, but Manheim spotted that wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) climbed for the fourth consecutive month in September. The upward movement brought the Manheim Used Vehicle Value Index to a reading of 124.8, representing an increase of 2.8 percent from a […] [Read More]

The National Auto Auction Association has elected its vice president for 2015-2016, finalizing its executive board for the term. Chosen for the position is Warren Clauss, who has been general manager at ADESA Buffalo since 1996. Clauss, who was elected at the association’s convention last month, serves along president Mike Browning and president-elect Jerry Hinton. […] [Read More]

Dealers looking for cars at auction should be able to make quick and “better-informed” decisions with an integration that brings Carfax data and insights to vAuto’s Provision and AuctionGenius products. That’s according to a news release Tuesday announcing a deal for Carfax Advantage dealers using those two tools to receive instantaneous views of reported accident […] [Read More]

NAAA member auctions now have access to a new safety program. The National Auto Auction Association along with KAR Auction Services, Inc. —  parent company to ADESA — announced Tuesday that KAR has licensed its Safe T. Sam safety program for use by NAAA-member auctions. Now, through NAAA, all member auctions will have access to a variety […] [Read More]

Both cars and trucks are seeing softening prices in the lanes as the industry enters the fall market in full swing. And though Black Book editors noted that depreciation patterns for cars and trucks have remained “constant” over the past several months — with most car segments experiencing stronger depreciation than trucks — there are […] [Read More]

The certified pre-owned market is on pace for yet another record year. In fact, the last three months represented the second-strongest quarter for CPO sales ever, according to Autodata Corp.  And that’s certainly good news for franchised dealers. But the benefits, apparently, go beyond retail. Discussing the record year expected for CPO in his latest […] [Read More]

It wasn’t the first question Auto Remarketing asked Sandy Schwartz in a one-on-one phone interview Thursday afternoon, but it figures to be on the minds of many: What’s next for Cox Automotive? “I’m trying to catch my breath. I want to get a nap this afternoon,” said Schwartz. Given all the projects in which his […] [Read More]

Insurance Auto Auctions recently launched what the company dubbed the IAA Total Loss Solutions, a suite of products that executives highlighted can directly impact the opportunities to improve customer satisfaction and more effectively manage costs during the total loss claims process. The first two product lines the company rolled out are IAA Inspection Services and […] [Read More]

Depreciation was ramping up as we approached October, and a few car segments bared the brunt of recent price declines. And according to the latest Black Book Market Insights report, dealer sentiment across the country continues to focus on slowing buyer demand in the auction lanes. This past week the full-size, compact and entry midsize […] [Read More]