In less than two years, the auto industry might look a lot like the business we knew before the Great Recession. That’s according to executive analyst for NADA Used Car Guide Jonathan Banks, who predicts late-model used vehicle supply will reach pre-recession levels in 2017. Banks reported this assertion on Monday, right in time for […] [Read More]

Used-vehicle prices were down this past February, and the trend isn’t expected to stop anytime soon. According to the latest RVI Risk Outlook report, greater incentive activity and a more competitive new-vehicle market — as well as increasing used supply — will combine to put even more downward pressure on pre-owned prices. “The upturn in the […] [Read More]

Manheim and AiM have formed a strategic alliance that includes an investment in developing inspection technologies, the two companies announced Friday. The alliance aims to “create greater consistency in the inspection process,” they said in the announcement, as well as “provide products, services and best practices that will effectively and efficiently support both wholesale and […] [Read More]

For dealers, time is more important than money, Kraig Quisenberry said, in the sense that dealers often are more concerned with having a car that is front-line ready than the price they’re going to pay for the vehicle. And that ties directly into condition reports said Quisenberry, the director of sales at DCH Auto Group. […] [Read More]

Many dealers have come to expect tax season price and sales strength in the smaller and entry-level car segments, known for tax-return draw. But this year, according to the latest weekly Black Book Market Insights report, tax season impacted a much broader swath of vehicle segments. According to the report, Black Book data shows strength […] [Read More]

Kia Motors recognized two auctions at the 2015 NAAA/IARA/CAR Conference in Las Vegas earlier this month. Kia presented the “High Performance Auction Award” to Kansas City Independent Auto Auction for maintaining a high level of excellence in every facet of auction operation. Kia also recognized Manheim Riverside  with its “Auction of the Year Award” for […] [Read More]

ADESA subsidiary AutoVIN has signed a definitive agreement to purchase the vehicle inspection business of DataScan Field Services. The closing of the deal — which is subject to conditions — is projected to happen within 60 days. The two combined companies plan to provide all major leasing companies and auto lenders with inspection services. This news comes […] [Read More]

Through two months of the year, auction volume is up 8 percent against comparable weeks of 2014, according to the latest Economic Dashboard prepared by Ira Silver, the chief economist at the National Auto Auction Association. For the month of February, auction volume jumped 5.2 percent year-over-year, the report indicated. January auction volume climbed 10.7 percent. […] [Read More]

MetroGistics, a provider of automotive logistics services, announced today that is has completed a merger of its operations with McNutt Automotive Logistics. MetroGistics will maintain its headquarters in St. Louis while keeping a satellite office in Clinton, Mo. “As our two companies have gotten to know each other better, we’ve adapted best practices from each […] [Read More]

Black Book announced Monday it has a new chief technology officer and senior vice president, a newly created role for the company. Chosen for the role is Laird Popkin. The promotion is effective immediately. In the new position, Popkin is responsible for all product development and IT operations for the entire group, which includes National […] [Read More]